Boeing posts £286m loss amid safety scrutiny

Boeing 737 Max planes have been the focus of safety checks (AP)

Boeing said it has lost 355 million dollars (£286 million) on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing scrutiny over the safety of its planes and accusations of shoddy work from whistleblowers.

The chief executive of Boeing said the firm is in “a tough moment”, and its focus is on fixing its manufacturing issues, not the financial results.