Planemakers slow plans for new jets as they focus on survival [Reuters]
Boeing Company (The) (BA)
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Source: Reuters
Planemakers slow plans for new jets as they focus on survival PARIS, April 28 (Reuters) - Planemakers are drastically slowing work on new projects to save cash as they focus on surviving a downturn expected to last well into this decade, industry sources said. Plane giants Airbus and Boeing are expected to emphasise immediate priorities over long-term plans in financial results on Wednesday, as air travel remains severely disrupted by the coronavirus pandemic. The fresh approach was trailed by Boeing’s decision to scrap a $4.2 billion tie-up with Brazil’s Embraer, whose engineers had been expected to play a key role in developing the next round of Boeing jets. Boeing shelved plans in January to develop a pair of jets to replace the 757 and 767, known as the New Midsized Airplane (NMA) programme, while focusing on getting its grounded 737 MAX back in service. Since then, Boeing has been looking at distilling the two-aircraft NMA programme into one new 757-style plane, while studying a
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BA
Earnings
- 10/29/25 - Miss
BA
Sec Filings
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- BA's page on the SEC website