The grounding of Boeing’s 737 Max aircraft blamed for the company’s anemic aircraft shipments
The downgrade by Moody’s and S&P is expected to increase the aircraft manufacturer’s borrowing costs
Layoffs are not expected at this time at the company’s plant in Renton where the aircraft are assembled
Company’s CEO says effort represents an ‘initial outreach’ to bring some comfort to victims’ families
The Boeing 737 Max aircraft crisis touches another aviation company with major operations in Seattle: Alaska Airlines, which has purchase commitments for 32 of the aircraft.
Boeing issues statement throwing its support behind the federal agency’s action
Dozens of nations and foreign airlines have grounded the planes after second Max 8 crash in five months
Is the stripped-down company the thing of the past?
China-born Wong Tsu, pictured in the foreground, was the first aeronautical engineer Bill Boeing hired at his fledgling airplane company.
The federal Centers for Medicare and Medicaid Services (CMS) estimate that about $870 billion of the $2.9 trillion spent on health care nationwide in 2014 was waste resulting from overuse, fraud and abuse. It drives up costs, putting a heavy burden on consumers and employers alike. Major companies, public employers, insurers and medical providers in Washington state are leading an effort to break that logjam, using something called value-based purchasing, in which health care is paid for not by volume but by quality and outcome.