Airbus Boeing

Boeing lays off hundreds in Washington, California as part of planned cuts

Boeing has laid off hundreds of additional employees in Washington state and California as part of planned cuts that will eventually reduce the company's workforce by about 17,000. Nearly 400 Boeing employees were laid off in Washington state and more than 500 in California, news outlets reported Monday. The aerospace giant announced previously it would reduce its workforce by 10% in the coming months as it tries to recover from financial and regulatory troubles and a strike by its machinists that lasted almost two months. CEO Kelly Ortberg has said the strike did not cause the layoffs, which he said was the result of overstaffing. In November, the company started notifying workers who would be laid off. Notices filed with state employment agencies showed the first round of cuts impacted about 3,500 people around the country, The Seattle Times reported. Those cuts touched people in roles from engineers to recruiters to analysts and impacted Boeing's commercial, defense and global

Tata Group-owned Air India places an order with Airbus for 100 planes

Full-service carrier Air India and its low-cost airline subsidiary Air India Express currently have a fleet of about 210 and 90 planes, respectively

Boeing to lay off 396 employees in Washington 'to align financial reality'

Boeing is trying to get production of its strongest-selling 737 MAX back on track, after a weeks-long strike by more than 33,000 US West Coast workers halted output of most of its commercial jets

US judge rejects Boeing's fraud plea deal over diversity provision

Relatives of victims of the two 737 MAX crashes, which occurred in 2018 and 2019 and killed 346 people, have called the agreement a "sweetheart" deal that failed to adequately hold Boeing accountable

Boeing CEO calls on employees to collaborate, be accountable after turmoil

Relations with workers have been particularly strained by a strike that lasted for more than seven weeks and consumed much of Ortberg's first months on the job

Chinese certification of A330 neo jet progressing well: Airbus CEO

Airbus first established an official presence in China in 1994 and its first final assembly line outside the borders of its four founding European countries was opened in the city of Tianjin in 2008

Boeing to repay lost wages to furloughed employees, proceed with job cuts

Boeing on Monday won ratification of a contract giving its machinists a 38 per cent pay hike over four years and a $12,000 bonus, ending the strike

Boeing, Airbus to share Taiwan's China Airlines passenger jet order

The US is Taiwan's most important international backer and arms supplier despite a lack of formal diplomatic ties, and China Airlines' majority owner is the Taiwan government

Spirit Aero System raises doubts over ability to continue as going concern

Spirit's cash balance at the end of the third quarter of 2024 was $218 million, according to an October filing

Boeing workers strike over but aerospace giant still faces many challenges

Factory workers at Boeing have voted to accept a contract offer and end their strike after more than seven weeks, clearing the way for the company to restart idled Pacific Northwest assembly lines. But the strike was just one of many challenges the troubled US aerospace giant faces as it works to return to profitability and regain public confidence. Boeing's 33,000 striking machinists disbanded their picket lines late Monday after leaders of the International Association of Machinists and Aerospace Workers district in Seattle said 59 per cent of union members who cast ballots agreed to approve the company's fourth formal offer, which included a 38 per cent wage increase over four years. Union machinists assemble the 737 Max, Boeing's bestselling airliner, along with the 777 or triple-seven jet and the 767 cargo plane at factories in Renton and Everett, Washington. Resuming production will allow Boeing to generate much-needed cash, which it has been bleeding. Even for a company the

Boeing factory workers accept new contract offer ending seven-week strike

Unionised machinists at Boeing voted Monday to accept a contract offer and end their strike after more than seven weeks, clearing the way for the aerospace giant to resume production of its bestselling airliner and generate much-needed cash. Leaders of the International Association of Machinists and Aerospace Workers district in Seattle said 59% of members who cast ballots agreed to approve the company's fourth formal offer and the third put to a vote. The deal includes pay raises of 38% over four years, and ratification and productivity bonuses. However, Boeing refused to meet strikers' demand to restore a company pension plan that was frozen nearly a decade ago. The contract's ratification on the eve of Election Day clears the way for a major U.S. manufacturer and government contractor to restart Pacific Northwest assembly lines that the factory workers' walkout have idled for 53 days. According to the union, the 33,000 workers it represents can return to work as soon as Wednesda

Boeing to raise up to $24.3 bn to shore up finances, stave off downgrade

S&P warned of a ratings downgrade if Boeing's cash balance fell below a $10 billion target or if the company had to increase leverage to meet debt maturities

Boeing CEO Ortberg presses turnaround plan as loss balloons to $6 bn

The company has now racked up losses of nearly $8 billion for the current year, as a halt in production of its 737 MAX, 777 and 767 planes following the strike

Boeing closes in on plans to raise $15 bn via stock, hybrid bonds

The company on Tuesday said in regulatory filings that it could raise as much as $25 billion in stock and debt with its investment-grade credit rating at risk

Boeing files unfair labour practice charge with NLRB against striking union

In a filing with NLRB, Boeing also accused the union's leaders of misrepresenting the terms of Boeing's offer to its members and of not bringing negotiators to the table with authority to make a deal

Continuing revival plans, Air India places order for 85 Airbus jets: Report

Airbus said on Wednesday an unnamed customer had placed an order for 75 A320-family jets and 10 long-haul A350s

Airbus faces pressure as lower deliveries highlight challenging target

Airbus and Boeing supplier Senior said on Tuesday it was cutting headcount in response to challenges in commercial aerospace manufacturing, sending its shares tumbling

Boeing workers in for 'long haul' after pay talks collapse: Union leader

Reaching an accepted deal is critical for Boeing, ratings agency S&P estimates the strike is costing it $1 billion a month and it is at risk of losing its prized investment grade credit rating

Airbus deliveries fall to 50 aircrafts in Sep, books fresh demand of 200

Airbus is targeting 770 deliveries for the full year after reducing its goal from 800 jets in July, citing shortages of engines and other parts

Boeing halts talks, withdraws pay offer to striking 33,000 factory workers

The striking union of its West Coast factory workers is seeking a 40 per cent pay rise over four years and the restoration of a defined-benefit pension that was taken away in the contract a decade ago