Boeing CEO talks China crash, 737 Max jet after 1Q loss

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Boeing CEO talks China crash, 737 Max jet after 1Q loss
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Boeing reported an overall net loss of $1.2 billion during the quarter, or $2.75 per share. Total revenue came in at $13.99 billion

Officials with the Civil Aviation Administration of China found no evidence of systematic failure aboard the Boeing 737-800 jet at the time of the crash.

"We’ll continue to prioritize quality, stability and supply chain capacity in determining future production increases," Calhoun said. Meanwhile, Boeing has submitted a certification plan to the Federal Aviation Administration for its 787 Dreamliner as deliveries of the plane remain halted for a previously identified structural flaw. Calhoun said required work on the initial airplanes has been completed and that check flights are underway.

"We remain confident in the 777 program and our customers continue to see the value in its compelling economics and sustainability benefits," Calhoun added. Boeing's total revenue came in at $13.99 billion, compared to $15.2 billion during the same period a year ago. The company posted a $212 million pretax charge tied to the Russia-Ukraine war.

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