Boeing Co fires CEO Dennis Muilenburg as the world's biggest planemaker seeks to control an escalating crisis that has seen it halt production of its best-selling 737 MAX jetliner following two fatal crashes.
Though the jets have been grounded worldwide since March following deadly crashes in Indonesia and Ethiopia, Boeing had continued to produce 40 of the planes per month
The MAX has been grounded since March following a pair of deadly crashes that killed 346 people.
At Dubai Air Show, the largest deal for Airbus came from the Middle East’s biggest carrier, the Dubai-based Emirates, which announced it would be buying 20 additional wide-body Airbus A350s
The hearing took place exactly one year after a 737 Max crashed off the coast of Indonesia and more than seven months after a second crash in Ethiopia. In all, 346 people died.
Tariffs come amid an ongoing trade war between the US and China and could risk destabilising the global economy further.
Boeing is already competing with arch-rival Airbus SE and other companies to introduce small self-flying vehicles capable of vertical takeoff and landing.
President Erdogan says Turkey may re-evaluate its procurement of the aircraft from the US following Ankara's suspension from F-35 fighter jet project.
The aeroplane builder said it is booking the charge to cover possible compensation to airlines that had to cancel thousands of flights since regulators grounded the Boeing 737 Max fleet.
Veteran US compensation expert Ken Feinberg has been hired by Boeing to oversee the distribution.
The multiyear payout is independent of lawsuits filed by families of the 346 people killed in the two 737 MAX crashes, which happened in October 2018 and March of this year, a Boeing spokesman said.
The supreme court upheld a decision granting a US request to extradite Ukrainian tycoon Dmytro Firtash, paving the way for him to face trial in the United States over bribery allegations.
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