Donald Trump said Wednesday his administration was “looking at alternatives” to Boeing following delays in delivering two new models of the US presidential Air Force One plane. “I’m not happy with Boeing,” the president told reporters aboard his current jet. “We’re looking at alternatives because it’s taking Boeing too long.” The US aerospace giant agreed…
Catch up on some of SCMP’s biggest China and economy stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Tibetan tree rings link climate change and fall of major Chinese dynasties Researchers have used tree rings to track rainfall patterns on the Tibetan Plateau over the…
Jamieson Greer, President Donald Trump’s pick for the next US Trade Representative, said this week that he looks forward to breathing life into a trade deal that China and the United States reached in 2020.His remark has sparked speculation among analysts about how the lopsided trade equation between Washington and Beijing could be addressed. Significance…
The United States should keep China integrated into its aviation industry supply chains to maintain control over the country’s ability to develop, an expert told a US government advisory panel on Thursday. The recommendation was among dozens made over several hours of testimony in a US-China Economic and Security Review Commission [USCC] hearing called to…
Southwest (LUV) shares fell 5% this past week after higher costs overshadowed progress on the company’s turnaround plans. Much of the stock’s losses were a result of the airline warning that costs were set to accelerate in the first half of the year — echoing similar concerns raised by JetBlue (JBLU) earlier in the week…
President Trump blamed the Biden administration Tuesday for “abandoning” two astronauts who have been stuck aboard the International Space Station in the wake of problems last summer with their Boeing Starliner capsule. In a post to his Truth Social platform, the president said he has asked SpaceX founder Elon Musk to “go get” the two…
Boeing Co. said it incurred nearly $3 billion worth of charges in the fourth quarter of 2024 due to a lengthy labor stoppage, job cuts and problems with a number of government programs. As a result, the Chicago-based aerospace giant said Thursday that it will report a loss of $5.46 per share next week when…
China Airlines operates eight Boeing 747-400 freighters (pictured) and nine Boeing 777s. (Photo: Jim Allen/FreightWaves) Taiwan’s China Airlines will order four Boeing 777-8 freighters, a next-generation plane that isn’t expected to reach the market until 2028, it said in a stock exchange filing. The airline said it would also buy 10 each of the Boeing…
TAIPEI (Reuters) -Taiwan’s China Airlines (2610.TW) will split an order for its long-haul fleet renewal between Boeing (BA) and European rival Airbus (EADSY) and buy freighters from the U.S. planemaker in a closely watched deal worth almost $12 billion. Taiwan’s largest carrier had been considering the 777X, of which the 777-9 is a variant, and…
The most recent trading session ended with Boeing (BA) standing at $165.96, reflecting a +1.13% shift from the previouse trading day’s closing. The stock’s change was more than the S&P 500’s daily gain of 0.82%. Meanwhile, the Dow experienced a drop of 0.22%, and the technology-dominated Nasdaq saw an increase of 1.77%. The airplane builder’s…