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Airbus will increase sourcing of components from India: CEO Guillaume Faury

Airbus will increase sourcing of components from India, which offers plenty of opportunities, according to the aircraft maker's CEO Guillaume Faury. The European major, which has bagged huge aircraft orders from IndiGo and Air India, doubled its sourcing of components and services from India to 1 billion euros during the period from 2019-2024, he said. The company has more than 100 suppliers in India. At a press briefing in the national capital on Monday, Faury, who is also the Chairman of the French Aerospace Industries Association (GIFAS), said there are plenty of opportunities in India. "We will be continuing to grow (sourcing of components)... We will continue to double around every 5 years, that is in the next decade to come. It is a stable pace," he said. In 2023, for the first time, there was more equipment to be placed on aircraft, helicopters than IT services. The lines have crossed, he added. Companies that are part of GIFAS make procurement worth USD 2 billion annually

NASA, Boeing, Coast Guard representatives to testify about Titan implosion

Representatives for NASA, Boeing Co. and the US Coast Guard are slated to testify in front of investigators on Thursday about the experimental submersible that imploded en route to the wreckage of the Titanic. OceanGate co-founder Stockton Rush was among the five people who died when the submersible imploded in June 2023. The design of the company's Titan submersible has been the source of scrutiny since the disaster. The Coast Guard opened a public hearing earlier this month that is part of a high level investigation into the cause of the implosion. Some of the testimony has focused on the troubled nature of the company. Thursday's testimony is scheduled to include Justin Jackson of NASA; Mark Negley of Boeing Co.; John Winters of Coast Guard Sector Puget Sound; and Lieutenant Commander Jonathan Duffett of the Coast Guard Office of Commercial Vessel Compliance. Earlier in the hearing, former OceanGate operations director David Lochridge said he frequently clashed with Rush and fel

Boeing gives workers' union additional time to vote on latest offer

Boeing's tactics have also puzzled some long-time observers of the planemaker's labor relations

Boeing, striking union set to resume contract talks on Wednesday

Boeing and the U.S. Federal Mediation & Conciliation Service did not immediately respond to emails seeking comment outside normal business hours

Boeing, union negotiators to resume talks as striking workers dig in

The top negotiators at Boeing and the International Association of Machinists and Aerospace Workers (IAM) will meet with federal mediators in Seattle on Tuesday for preliminary talks, as per reports

Boeing strike could drag on as workers push for higher wages: Union leader

Boeing and negotiators are due to return to bargaining table next week, in talks overseen by US federal mediators, after more than 94 per cent of workers voted to reject the endorsed contract offer

Boeing's US factory workers go on strike, halting 737 MAX production

Boeing said it was ready to get back to the negotiating table, a sign that it could sweeten the deal

Boeing workers vote on whether to strike, shut down aircraft production

Boeing waited to learn Thursday whether 33,000 aircraft assembly workers, most of them in the Seattle area, are going on strike and shutting down production of the company's best-selling planes. Members of the International Association of Machinists and Aerospace Workers were voting on whether to approve a contract offer that includes 25% pay raises over four years. If the factory workers reject the contract and two-thirds of them vote to strike, a work stoppage would begin Friday at 12:01 a.m. PDT. A walkout would not cause flight cancellations or directly affect airline passengers, but it would be another blow to Boeing's reputation and finances in a year marked by problems in its airplane, defense and space operations. New CEO Kelly Ortberg made a last-ditch effort to avert a strike, telling machinists Wednesday that no one wins in a walkout. For Boeing, it is no secret that our business is in a difficult period, in part due to our own mistakes in the past, he said. Working ...

Boeing's shares rise after tentative labour deal that could avert strike

The proposed four-year contract was hailed by the union as the best it had ever negotiated and was cheered by investors, however, it is far from a done deal

Global aviation market: Boeing faces a steep climb in catching up to Airbus

The two companies form a duopoly in the global passenger plane market, but Airbus has far outproduced and outsold Boeing in recent years

New Boeing CEO Kelly Ortberg faces big overhaul, from factories to finances

His extensive to-do list includes mending relationships with airlines and employees, boosting output, repairing company finances and securing a labor deal to avoid a possible worker strike

Boeing restoring output, expects 787 suppliers to catch up by year end

Boeing halted deliveries of the 787 widebody jet for more than a year until August 2022 as the FAA investigated quality problems and manufacturing flaws

Boeing guilty plea in crash case delayed as US Justice Dept finalises deal

The plea agreement will allow Boeing to avoid a criminal trial after the Justice Department determined that the company breached a 2021 deferred-prosecution agreement over two fatal crashes

Airways major Lufthansa slashes 2024 profit target for a second time

Equity analysts said Lufthansa's decision was not surprising, given its cost challenges linked to strikes earlier this year and delivery delays from plane manufacturers

Boeing agrees to purchase Spirit Aero for $4.7 billion in stock deal

Boeing plans to take control of the Spirit's manufacturing that supports its commercial jet line-up, including building frames for its cash-cow 737 Max

US justice dept wants Boeing to plead guilty to fraud over fatal crashes

The US Justice Department plans to propose that Boeing plead guilty to fraud in connection with two deadly plane crashes involving its 737 Max jetliners, according to two people who heard prosecutors detail the offer Sunday. Boeing will have until the end of the coming week to accept or reject the offer, which includes the giant aerospace company agreeing to an independent monitor who would oversee its compliance with anti-fraud laws, they said. The Justice Department told families of some of the 346 people who died in the 2018 and 2019 crashes about the plea offer during a video meeting, according to Mark Lindquist, one of the lawyers representing families who are suing Boeing, and another person who heard the call with prosecutors. Prosecutors told the families that if Boeing rejects the plea offer, the Justice Department would seek a trial in the matter, they said. Boeing declined to comment. The meeting came weeks after prosecutors told a federal judge that the American aerosp

Boeing in talks with US justice dept to resolve charges over safety lapses

The settlement could be announced as soon as next week and is expected to include imposing a corporate monitor on the world's second-largest planemaker

No return date yet for Nasa astronauts who used Boeing's space capsule

Two NASA astronauts will stay longer at the International Space Station as engineers troubleshoot problems on Boeing's new space capsule that cropped up on the trip there. NASA on Friday did not set a return date until testing on the ground was complete and said the astronauts were safe. We're not in any rush to come home, said NASA's commercial crew programme manager Steve Stich. Veteran NASA test pilots Butch Wilmore and Suni Williams blasted off aboard Boeing's Starliner capsule for the orbiting laboratory on June 5. It was the first astronaut launch for Boeing after years of delays and setbacks. The test flight was expected to last a week or so, enough time for Wilmore and Williams to check out the capsule while docked at the station. But problems with the capsule's propulsion system, used to maneuver the spacecraft, prompted NASA and Boeing to delay the flight home several times while they analysed the trouble. They also wanted to avoid conflicting with spacewalks by station

Boeing offers to buy 737 supplier Spirit AeroSystems for $35 per share

Spirit posted a net loss of $617 million and burned through $444 million in the first quarter, far more than analysts had expected

Airbus cuts key industrial, financial targets, takes hefty space charge

Yielding to growing scepticism among suppliers over its plans for jet output, Airbus lowered its widely watched forecast for deliveries this year to around 770 jets from around 800