Boeing Co. has named Chief Executive Dennis A. Muilenburg as its new board chairman. Mr. Muilenburg joined Boeing as an engineering intern in 1985 and has moved up the ranks since then. Will his leadership help Boeing fly farther?
Canadian plane and train maker Bombardier will cut its workforce by about 7,000 over the next two years. Executives mentioned the layoffs will help the company align itself with current market realities.
Mitsubishi Aircraft Corporation has struck a deal to supply 20 regional jets to U.S. leasing firm Aerolease, its first agreement with a lessor. The deal lifts the total number of orders for the regional jet to 427.