Boeing reported another weak month for new plane orders as it struggles to overcome questions about safety and production problems with its commercial jets. The company reported it took orders for only four new jets in May, all for the 787 Dreamliner, and none for the troubled 737 Max. That was down from even the modest orders of seven gross orders in April, and far below the order of 69 jets it reported in May 2023. But that model of the plane has yet to be approved by the FAA to carry passengers. Shares of Boeing, a component of the Dow Jones industrial average, fell more than 3% on the report.

Source: CNN June 11, 2024 17:57 UTC