Latest news with #737MAX
Morocco World
a day ago
- Business
- Morocco World
Figeac Aero Expands Presence in Morocco with Boeing Tie-Up
Marrakech – American aerospace giant Boeing and the Moroccan aviation industry are strengthening ties at the 55th International Paris Air Show at Le Bourget, which is being held from June 16 to 22. Figeac Aero, a French aeronautical subcontracting group specializing in metal parts, announced a new partnership with Boeing to manufacture aluminum machined parts for the 737 MAX at its Casablanca Aéronautique subsidiary in Morocco. Casablanca Aéronautique, employing 900 people, is one of Figeac Aero's largest production sites, offering industrial services ranging from machining and sheet metal work to surface treatment and assembly. This agreement shows Figeac Aero's strategy of global coverage coupled with a strong local presence. Jean-Claude Maillard, Chairman and CEO of Figeac Aero, stressed that this announcement 'reinforces management's confidence in the group's ability to achieve its new business objectives.' The partnership aligns with Figeac Aero's 'PILOT 28' strategic plan, which identifies North America and North American customers as key elements in reaching these goals. Boeing's involvement in Morocco spans several years. In 2016, the company signed a framework agreement with the Ministry of Industry and the Moroccan Investment and Export Development Agency (AMDIE) to develop local capacity and encourage suppliers to establish operations in the country. This effort has helped create jobs and attract more players to Morocco's aerospace ecosystem. Emily Belgrade, Vice President of Global Supply Chain at Boeing Commercial Airplanes, stated that this partnership speaks to Boeing's intent to 'help shape a solid aerospace ecosystem in Morocco' and build lasting, reciprocal ties with the local industry. In addition to the Figeac Aero deal, the Moroccan delegation at the Paris Air Show, led by Minister of Industry and Trade Ryad Mezzour, oversaw the signing of several strategic agreements aimed at attracting cutting-edge investments and solidifying the country's industrial ecosystem. These include a Memorandum of Understanding with Indian company Genser Aerospace for the development and production of a versatile business aircraft in Morocco, and an agreement with LPF (Latécoère-Précision-Façonnage) to expand its industrial unit in Nouaceur province for the production of critical aircraft engine components. The Moroccan delegation also engaged in advanced discussions with Airbus to strengthen their strategic partnership and expand the European manufacturer's industrial presence in the country. Airbus, directly or indirectly, constitutes a major pillar of Morocco's aeronautical industry, representing nearly 60% of the sector. These agreements further enhance Morocco's position as a key player in the global aerospace industry and show the country's attractiveness for international investment in this high-tech sector. Read also: Boeing Partners with UM6P's ACME to Enhance Morocco's Manufacturing Capabilities
Ya Biladi
a day ago
- Business
- Ya Biladi
Figeac Aero partners with Boeing to produce 737 MAX parts in Morocco
The French company Figeac Aero, specializing in subcontracting metal parts for the aerospace industry, has announced a new partnership with American aircraft manufacturer Boeing to produce parts for the Boeing 737 MAX in Morocco. The agreement covers the production of «machined aluminum parts for Boeing's 737 MAX» at Figeac Aero's local subsidiary, Casablanca Aéronautique, according to a company statement. The announcement coincided with the group's participation in the 55th International Paris Air Show, held at Le Bourget near Paris from June 16 to 22. With 900 employees, Casablanca Aéronautique is one of Figeac Aero's largest production sites, offering a full range of industrial services including machining, sheet metal work, surface treatment, and assembly. «This new agreement perfectly illustrates our strategy of global reach combined with a strong local presence. It also highlights the growth opportunities for our production sites in Morocco and worldwide», said Jean-Claude Maillard, Chairman and CEO of Figeac Aero, in the statement. Aligned with the group's strategic plan, «Pilot 28», which prioritizes North America and its clients as key to achieving new business goals, the announcement «reinforces management's confidence in the group's ability to meet these targets», the statement added.
CNBC
2 days ago
- Business
- CNBC
Boeing 737 MAX victims' relatives ask judge to reject deal ending criminal case
Relatives of some of the 346 people killed in two Boeing MAX crashes in 2018 and 2019 asked a federal judge on Wednesday to reject a deal between the Justice Department and the plane maker that allows the company to avoid prosecution in a criminal fraud case. The agreement enables Boeing to avoid being branded a convicted felon and to escape oversight from an independent monitor for three years that was part of a plea deal struck in 2024. The families cited Judge Reed O'Connor's statement in 2023 that "Boeing's crime may properly be considered the deadliest corporate crime in U.S. history." They argue dismissal of the case is not in the public interest and the obligations imposed on Boeing are not enforceable. They said the Justice Department has opted not to wait for a ruling but "has already contractually obligated itself not to further prosecute Boeing, regardless of how the court rules." If the government declined to move forward with the prosecution even if the court rejected the deal, O'Connor should appoint a special prosecutor, the families told the judge. Under the deal, Boeing agreed to pay an additional $444.5 million into a crash victims fund to be divided evenly per crash victim, on top of a $243.6-million fine. Boeing in July agreed to plead guilty to a criminal fraud conspiracy charge after the two fatal 737 MAX crashes in Indonesia and Ethiopia. Boeing will pay $1.1 billion in total, including the fine, compensation to families and over $455 million to strengthen the company's compliance, safety, and quality programs. The Justice Department said in late May the deal "secures meaningful accountability, delivers substantial and immediate public benefits, and brings finality to a difficult and complex case whose outcome would otherwise be uncertain." The department did not immediately respond to a request for comment. The vast majority of the families have settled civil suits with Boeing and collectively have been "paid several billion dollars," the Justice Department said. Boeing, which did not immediately comment on Wednesday, will no longer face oversight by an independent monitor under the agreement, but will hire a compliance consultant. Boeing had previously been set to go on trial June 23 on a charge it misled U.S. regulators about a crucial flight control system on the 737 MAX, its best-selling jet.
Morocco World
2 days ago
- Business
- Morocco World
Boeing Partners with UM6P's ACME to Enhance Morocco's Manufacturing Capabilities
Rabat — Aviation giant Boeing announced an agreement with the Africa Center of Manufacturing Excellence (ACME), a research and development center affiliated with Mohammed VI Polytechnic University (UM6P). Boeing Middle East announced the news on June 17, noting that the company partnered with the manufacturing center to enhance Morocco's capabilities in the sector. The agreement also seeks to develop local talent and support sustainable growth for the region's airspace industry. Boeing and the UM6P-affiliated center signed the partnership during the Paris Air Show event. Boeing Middle East said the agreement expands the 70-year partnership with Morocco. Vince Logsdon, Vice President of the International Business Development for Boeing Defense, reportedly signed the agreement, welcoming the move as a 'Significant step forward in our efforts to support the growth of Morocco's airspace industry.' Reports quoted UM6P President Hicham E Habti, who said that ACME's collaboration with Boeing reflects a 'Shared vision for the development of aerospace and excellence in production capabilities, combining research, human development, and industry.' He said the initiative seeks to form a bridge between academia and the private sector, reinforcing Africa's role in the global industrial value chain. The president also said the partnership seeks to enhance collaboration on technological development and contribute to building a skilled workforce. In addition to UM6P's affiliated center, Boeing also signed an agreement with Casablanca Aéronautique for the production of machined parts for its 737 MAX program. Morocco sees the aeronautic sector as a key industry for its contribution to the economy. Its vision is to double employment in its aerospace sector by 2030. Overall, the sector created around 20,000 jobs, reaching an integration rate exceeding 40%.
Reuters
2 days ago
- Business
- Reuters
Boeing 737 MAX victims' relatives ask judge to reject deal ending criminal case
WASHINGTON, June 18 (Reuters) - Relatives of some of the 346 people killed in two Boeing (BA.N), opens new tab 737 MAX crashes in 2018 and 2019 on Wednesday asked a federal judge to reject a deal between the Justice Department and the planemaker to allow the company to avoid prosecution in a fraud case. The agreement allows Boeing (BA.N), opens new tab to avoid being branded a convicted felon and to escape oversight from an independent monitor for three years that was part of a plea deal struck in 2024.
