Production is down and costs are up. Following two deadly plane crashes, Boeing has reduced the production of its 737 and grounded its existing fleet. Consequently, Boeing Co said on Thursday that it would take an after-tax charge of $4.9 billion in the second quarter.
Posted by Jeffrey Richmond
Mr. Richmond recently retired from the Aerospace industry as a technical writer and continues to write and research on a variety of topics including aviation and aerospace business. He spent a tour of duty as a pilot and instructor in the US Air Force, flew for a regional airline, and taught at two aviation universities. Jeff and his wife Peggy live in the country between Chattanooga and Nashville, Tennessee.
