|
Financial Impact Of The Boeing 737 MAX Groundings
The have had a deep financial effect on the aviation industry and a significant effect on the national economy of the United States. No airline took delivery of the MAX during the groundings. Boeing slowed MAX production to 42 aircraft per month until in January 2020, when they halted until the airplane is reapproved by regulators. Boeing has suffered directly through increased costs, loss of sales and revenue, loss of reputation, victims litigation, client compensation, decreased credit rating and lowered stock value. In January 2020, the company estimated a loss of $18.4 billion for 2019, and it reported 183 canceled MAX orders for the year. In February 2020, the global coronavirus pandemic and the resulting travel bans created further uncertainty for Boeing. In March 2020, news that Boeing was seeking a $60 billion bailout caused a steep drop in its stock price, though Boeing eventually received $17 billion in funds from the coronavirus stimulus. Its extensive supply chain p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boeing 737 MAX Grounded Aircraft Near Boeing Field, April 2019
The Boeing Company () is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support services. Boeing is among the largest global aerospace manufacturers; it is the third-largest defense contractor in the world based on 2020 revenue, and is the largest exporter in the United States by dollar value. Boeing stock is included in the Dow Jones Industrial Average. Boeing is incorporated in Delaware. Boeing was founded by William Boeing in Seattle, Washington, on July 15, 1916. The present corporation is the result of the merger of Boeing with McDonnell Douglas on August 1, 1997. Then chairman and CEO of Boeing, Philip M. Condit, assumed those roles in the combined company, while Harry Stonecipher, former CEO of McDonnell Douglas, became president and COO. The Boeing Company's corporate headquarters is in Chicago, Illi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fine (penalty)
A fine or mulct (the latter synonym typically used in civil law) is a penalty of money that a court of law or other authority decides has to be paid as punishment for a crime or other offense. The amount of a fine can be determined case by case, but it is often announced in advance. The most usual use of the term is for financial punishments for the commission of crimes, especially minor crimes, or as the settlement of a claim. One common example of a fine is money paid for violations of traffic laws. Currently in English common law, relatively small fines are used either in place of or alongside community service orders for low-level criminal offences. Larger fines are also given independently or alongside shorter prison sentences when the judge or magistrate considers a considerable amount of retribution is necessary, but there is unlikely to be significant danger to the public. For instance, fraud is often punished by very large fines since fraudsters are typical ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agence France-Presse
Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency. AFP has regional headquarters in Nicosia, Montevideo, Hong Kong and Washington, D.C., and news bureaus in 151 countries in 201 locations. AFP transmits stories, videos, photos and graphics in French, English, Arabic, Portuguese, Spanish, and German. History Agence France-Presse has its origins in the Agence Havas, founded in 1835 in Paris by Charles-Louis Havas, making it the world's oldest news service. The agency pioneered the collection and dissemination of news as a commodity, and had established itself as a fully global concern by the late 19th century. Two Havas employees, Paul Julius Reuter and Bernhard Wolff, set up their own news agencies in London and Berlin respectively. In 1940, when German forces occupied France during World War II, the news agency was taken over by the authorities and renam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Garuda Indonesia
Garuda Indonesia is the flag carrier of Indonesia, headquartered at Soekarno–Hatta International Airport. A successor of KLM Interinsulair Bedrijf, it is a member of SkyTeam and the second-largest airline of Indonesia after Lion Air, operating scheduled flights to a number of destinations across Asia, Europe, and Australia from its hubs, focus cities, as well as other cities for Hajj. It is the only Indonesian airline that flies to the European airspace. At its peak from the late 1980s to the mid-1990s, Garuda operated an extensive network of flights all over the world, with regularly scheduled services to Adelaide, Cairo, Fukuoka, Johannesburg, Los Angeles, Paris, Rome and other cities in Europe, Australia and Asia. In the late 1990s and early 2000s, a series of financial and operational difficulties hit the airline hard, causing it to drastically cut back services. In 2009, the airline undertook a five-year modernization plan known as the ''Quantum Leap'', which ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lion Air
PT Lion Mentari Airlines, operating as Lion Air, is an Indonesian low-cost airline. Based in Jakarta, Lion Air is the country's largest privately run airline, the second largest low-cost airline in Southeast Asia (after AirAsia) and the largest airline of Indonesia. With Wings Air and Batik Air, Lion Group is the country's largest airline's group. The airline operates domestic as well as international routes, which connects different destinations of Indonesia to Singapore, the Philippines, Malaysia, Thailand, Australia, India, Japan and Saudi Arabia, as well as charter routes to Mainland China, Hong Kong, South Korea and Macau, with more than 630 flights per day. The airline has repeatedly broken records for largest aircraft orders, such as its $24 billion order for 234 Airbus A320 jets, as well as its $22.4 billion order for 230 competing aircraft from Boeing. The airline signed an agreement with US-based aircraft manufacturer Boeing for fifty 737 MAX 10 passenger jet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, ''Bloomberg Businessweek'', ''Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Journal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Boeing 737 MAX Orders And Deliveries
This article lists the orders made by airlines and other buyers for the Boeing 737 MAX family of aircraft, which is a product of Boeing Commercial Airplanes Boeing Commercial Airplanes (BCA) is a division of The Boeing Company. It designs, assembles, markets, and sells jet airliners and business jets ( Boeing Business Jets), and also provides product-related maintenance and training to customers wor ..., a division of the Boeing Company. For a discussion of these orders and deliveries, in particular, the effect of the groundings in 2019, see Boeing 737 MAX, Orders and deliveries. Orders and deliveries Orders and deliveries by year Cumulative Boeing 737 MAX orders and deliveries ImageSize = width:auto height:250 barincrement:55 PlotArea = left:45 bottom:15 top:10 right:18 AlignBars = justify DateFormat = yyyy Period = from:0 till:5500 TimeAxis = orientation:vertical ScaleMajor = unit:year increment:500 start:0 PlotData= color:skyblue width:45 bar:2011 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peter DeFazio
Peter Anthony DeFazio (; born May 27, 1947) is an American politician serving as the U.S. representative for , serving since 1987. He is a member of the Democratic Party. The district includes Eugene, Springfield, Corvallis, Roseburg, Coos Bay and Florence. He chairs the House Transportation Committee and is a founder of the Congressional Progressive Caucus. A native of Massachusetts and a veteran of the United States Air Force Reserve, he previously served as a county commissioner in Lane County, Oregon. He is dean of Oregon's House delegation. On December 1, 2021, DeFazio announced he would not seek reelection in 2022. Early life, education, and pre-congressional career DeFazio was born in 1947 in Needham, Massachusetts, a suburb of Boston. He credits his great-uncle with shaping his politics; that great-uncle almost never said "Republican" without adding "bastard" (or "bastud", as it sounded in a Boston accent). He served in the United States Air Force Reserve from 1967 to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Punitive Damages
Punitive damages, or exemplary damages, are damages assessed in order to punish the defendant for outrageous conduct and/or to reform or deter the defendant and others from engaging in conduct similar to that which formed the basis of the lawsuit. Although the purpose of punitive damages is not to compensate the plaintiff, the plaintiff will receive all or some of the punitive damages in award. Punitive damages are often awarded if compensatory damages are deemed an inadequate remedy. The court may impose them to prevent undercompensation of plaintiffs and to allow redress for undetectable torts and taking some strain away from the criminal justice system. Punitive damages are most important for violations of the law that are hard to detect. However, punitive damages awarded under court systems that recognize them may be difficult to enforce in jurisdictions that do not recognize them. For example, punitive damages awarded to one party in a US case would be difficult to get recogn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Montreal Convention
The Montreal Convention (formally, the Convention for the Unification of Certain Rules for International Carriage by Air) is a multilateral treaty adopted by a diplomatic meeting of ICAO member states in 1999. It amended important provisions of the Warsaw Convention's regime concerning compensation for the victims of air disasters. The Convention attempts to re-establish uniformity and predictability of rules relating to the international carriage of passengers, baggage and cargo. Whilst maintaining the core provisions which have served the international air transport community for several decades (i.e., the Warsaw regime), the treaty achieves modernization in a number of key areas. It protects passengers by introducing a two-tier liability system that eliminates the previous requirement of proving willful neglect by the air carrier to obtain more than US$75,000 in damages, which should eliminate or reduce protracted litigation. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chicago Tribune
The ''Chicago Tribune'' is a daily newspaper based in Chicago, Illinois, United States, owned by Tribune Publishing. Founded in 1847, and formerly self-styled as the "World's Greatest Newspaper" (a slogan for which WGN radio and television are named), it remains the most-read daily newspaper in the Chicago metropolitan area and the Great Lakes region. It had the sixth-highest circulation for American newspapers in 2017. In the 1850s, under Joseph Medill, the ''Chicago Tribune'' became closely associated with the Illinois politician Abraham Lincoln, and the Republican Party's progressive wing. In the 20th century under Medill's grandson, Robert R. McCormick, it achieved a reputation as a crusading paper with a decidedly more American-conservative anti-New Deal outlook, and its writing reached other markets through family and corporate relationships at the ''New York Daily News'' and the '' Washington Times-Herald.'' The 1960s saw its corporate parent owner, Tribune Company ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dan K
Dan or DAN may refer to: People * Dan (name), including a list of people with the name ** Dan (king), several kings of Denmark * Dan people, an ethnic group located in West Africa **Dan language, a Mande language spoken primarily in Côte d'Ivoire and Liberia * Dan (son of Jacob), one of the 12 sons of Jacob/Israel in the Bible **Tribe of Dan, one of the 12 tribes of Israel descended from Dan * Crown Prince Dan, prince of Yan in ancient China Places * Dan (ancient city), the biblical location also called Dan, and identified with Tel Dan * Dan, Israel, a kibbutz * Dan, subdistrict of Kap Choeng District, Thailand * Dan, West Virginia, an unincorporated community in the United States * Dan River (other) * Danzhou, formerly Dan County, China * Gush Dan, the metropolitan area of Tel Aviv in Israel Organizations * Dan-Air, a defunct airline in the United Kingdom *Dan Bus Company, a public transport company in Israel * Dan Hotels, a hotel chain in Israel *Dan the Tire ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
