Ankit Ajmera
Ankit Ajmera
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Boeing delivers 29 aircraft in March; orders positive for second straight month

Boeing delivers 29 aircraft in March; orders positive for second straight month

Register now for FREE unlimited access to Reuters.comApril 13 (Reuters) - Boeing Co said on Tuesday it delivered 29 aircraft in March, up from 20 a year earlier, with the U.S. planemaker’s net orders staying positive for the second straight month as airlines get ready for a recovery from the COVID-19 pandemic.The company's orders appear to be turning a corner after the coronavirus crisis caused airline customers to cancel hundreds of jets on orders last year, resulting in one of the worst performances for Boeing ever.Boeing's net orders turned positive for the first time in 14 months in...

April 13, 2021
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Nikola in talks with automakers for Badger pickup truck production: founder

Nikola in talks with automakers for Badger pickup truck production: founder

By Nikola shares have nearly doubled since their debut on the Nasdaq last week, getting a bump on Monday after Milton tweeted that the company would open reservations for Badger on June 29.“There are three (automakers) in the running right now for a joint venture on Badger, and we will announce who that is in the next few months,” Milton, who is also the company’s executive chairman, told Reuters.Nikola claims Badger has a range of 600 miles, compared with Cybertruck’s range of more than 500 miles.Milton also said deliveries of its electric commercial trucks, built in partnership with CNH...

June 10, 2020
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Boeing to shrink workforce, raise cash as coronavirus slams jet industry

Boeing to shrink workforce, raise cash as coronavirus slams jet industry

By , Boeing shares closed 5.9% higher to $139 after the company said it was confident of getting sufficient liquidity to fund operations and would have positive cash flow next year as it ramps up production of the grounded 737 MAX.After the market close, S&P lowered its credit rating for Boeing to BBB-, one step above junk, saying that earnings and cash flow over the next few years are likely to be lower than it had previously expected due to the impact of the coronavirus.Reuters reported on Tuesday that Boeing is working with investment banks on a potential bond deal worth at least $10...

April 29, 2020
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