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United States

Alwyn Scott

RPT-ANALYSIS-No call for simulators in new Boeing 737 MAX training proposals

Mar 29 2019

SEATTLE/NEW YORK, March 28 Boeing Co said it will submit by the end of this week a training package that 737 MAX pilots are required to take before a worldwide ban can be lifted, proposing as it did before two deadly crashes that those pilots do not need time on flight simulators to safely operate the aircraft.

No call for simulators in new Boeing 737 MAX training proposals

Mar 28 2019

SEATTLE/NEW YORK Boeing Co said it will submit by the end of this week a training package that 737 MAX pilots are required to take before a worldwide ban can be lifted, proposing as it did before two deadly crashes that those pilots do not need time on flight simulators to safely operate the aircraft.

Lufthansa plans to buy either Boeing 737 MAX or Airbus A320neo

Mar 26 2019

NEW YORK Deutsche Lufthansa AG plans to buy a triple-digit number of either Boeing 737 MAX or Airbus A320neo jetliners to replace jets in its fleet, Chief Executive Carsten Spohr said on Tuesday.

Explainer: Change to 737 MAX controls may have imperiled planes, experts say

Mar 22 2019

NEW YORK/SEATTLE Much like tapping the brake pedal in a car to disengage cruise control, a sharp tug on the controls of older models of Boeing Co's 737 used to shut off an automatic trim system that keeps the plane flying level, giving the pilot control.

Change to 737 MAX controls may have imperiled planes, experts say

Mar 22 2019

NEW YORK/SEATTLE Much like tapping the brake pedal in a car to disengage cruise control, a sharp tug on the controls of older models of Boeing Co's 737 used to shut off an automatic trim system that keeps the plane flying level, giving the pilot control.

General Electric CEO sets low 2019 profit targets, vows better from 2020

Mar 14 2019

General Electric Co Chief Executive Larry Culp on Thursday set conservative profit targets for this year and staked his reputation on hitting them and doing better in 2020 and beyond, igniting a rally in the stock.

What General Electric investors want from CEO on Thursday

Mar 14 2019

NEW YORK Portfolio manager Michael Kon began buying General Electric Co shares about a year ago and got more last fall after GE Chief Executive Larry Culp outlined plans to reboot the ailing power-plant unit.

GE seeks better insurance returns in junk bonds, other risk assets

Mar 07 2019

NEW YORK General Electric Co will invest more heavily in junk bonds, private equity and other high-yield investments to boost returns at its ailing insurance business, company executives said on Thursday.

GE's CEO warns of negative industrial cash flow in 2019, shares drop

Mar 05 2019

General Electric Co's chief executive surprised investors on Tuesday by forecasting a net cash outflow from its industrial businesses this year mainly due to its ailing power-plant unit, a gloomy outlook that sent shares and bonds tumbling.

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