Following huge losses over the past two years and the grounding of its best-selling plane due to safety issues, Boeing Co. said on April 23 that its ongoing recovery plan is starting to stabilize production, fix its ailing culture, and refocus its workforce on core business. Meanwhile, the company confirmed that customers in China are refusing to accept aircraft deliveries.
In midday trading on Wall Street, Boeing shares were headed skyward to $171.81, up 5.7 percent. That reverses a downward trend over the past week after reports that China had halted the delivery of all Boeing jets amid the U.S. government’s ongoing trade war with the East Asian country.
