Page 4 - Boeing

Boeing employees hold rally in Seattle as strike enters second month

Investors and regulators have had Boeing under the microscope since a door panel flew off a near-new 737 MAX jet in midair in January

Boeing files securities statement to raise up to $25 bn via stock sale

It was not clear when and how much Boeing will raise via the offering, but analysts and investors expect the company to raise money before the year end amid looming debt maturities

India has opportunity to create next gen innovative products: Boeing

India has a tremendous opportunity to merge its engineering capabilities with great quality to create the most innovative products of the next generation, Boeing India President Salil Gupte said on Tuesday. The country's companies must also look at moving up the ladder in value in the global supply chain and cash in on opportunities, he said while speaking at a symposium organised by India Foundation for Quality Management. "Whether you're talking about the auto sector, whether you're talking about industrial engineered systems, whether you're talking about defence, we have a tremendous opportunity in India," Gupte said. Elaborating further, he said India has always had, over the last 30-50 years, strong engineering and design capabilities. "Now, with this quality push in India, especially over the last 10 years, you've seen manufacturing transform. And from that transformation comes the opportunity for India to merge that great engineering with that great quality to create the mos

Acting US labour secretary attempts to intervene in Boeing strike

Roughly 33,000 workers have been on strike since Sept 13, seeking a 40 per cent wage increase over four years

Boeing's endless doom spiral gives no respite to CEO John Ortberg

Boeing's shares fell 2.5% as of 9:33 a.m. in New York on Monday, the first trading session since the cuts were announced

Boeing fine-tunes job reductions as major buyer slams 777X jet delay

The planemaker plans a series of internal meetings this week to lay out the jobs plan

Boeing to lay off 10% employees as workers' strike cripples production

Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and tries to deal with a strike that is crippling production of the company's best-selling airline planes. New CEO Kelly Ortberg told staff in a memo Friday that the job cuts will include executives, managers and employees. The company had already imposed rolling temporary furloughs, but Ortberg said those will be suspended because of the impending layoffs. The company will delay the rollout of a new plane, the 777X, to 2026 instead of 2025. It will also stop building the cargo version of its 767 jet in 2027 after finishing current orders. Boeing has lost more than $25 billion since the start of 2019. Union machinists have been on strike since Sept. 14. Two days of talks this week failed to produce a deal.

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

Relatives of passengers who died in Boeing crashes to face firm in court

Relatives of some of the 346 people who died in two crashes involving Boeing 737 Max planes are expected in court on Friday, where their lawyers will ask a federal judge to throw out a plea agreement that the aircraft manufacturer struck with federal prosecutors. The family members want the government to put Boeing on trial, where the company could face tougher punishment. In July, Boeing agreed to plead guilty to a single felony count of conspiracy to commit fraud in connection with winning regulatory approval of the Max. The settlement between Boeing and the Justice Department calls for Boeing - a big government contractor - to pay a fine and be placed on probation. Passengers' relatives call it a sweetheart deal that fails to consider the lives lost. The families who lost loved ones in the 737 Max crashes deserve far more than the inadequate, superficial deal struck between Boeing and the Department of Justice," said Erin Applebaum, a lawyer whose firm represents some of the ...

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

Boeing at risk of junk rating with S&P amid ongoing strike by workers

The credit grader estimated that Boeing will burn through about $10 billion of cash in 2024.

US aviation admin issues safety alert over Boeing 737 jammed rudder

The National Transportation Safety Board on Sept. 26 issued urgent safety recommendations to Boeing and the FAA after investigating the potential for rudder issues in some 737 airplanes

DGCA issues advisory to airlines on rudder system risk in Boeing 737 planes

Aviation regulator DGCA on Monday issued an advisory to Indian airlines operating Boeing 737 planes regarding the potential risk of a jammed rudder control system. The move follows the recent probe report by the US National Transportation Safety Board (NTSB) that highlighted safety concerns involving Boeing 737 aircraft equipped with Collins Aerospace SVO-730 Rudder Rollout Guidance Actuators. Against the backdrop of the potential risk of a jammed or restricted rudder control system, the Directorate General of Civil Aviation (DGCA) has issued safety recommendations to Indian carriers. Currently, Air India Express, Akasa Air and SpiceJet operate Boeing 737 planes. Together, they have nearly 100 such aircraft. Air India Express operates 61 Boeing 737s, while Akasa Air has a fleet of 25 Boeing 737 MAX aircraft. According to data available on planespotters.net, SpiceJet has 11 Boeing 737s in service. In August, Boeing informed affected operators of 737 planes about the potential cond

Boeing returns to resume talks after two weeks of strike stalemate

A federal mediator has summoned negotiators for Boeing and IAM District 751 back to a Seattle hotel on Monday

Boeing considers raising at least $10 billion by selling stock: Report

The planemaker is working with advisers to explore its options, the report said, adding that raising equity is not likely to happen for at least a month

Lufthansa aims to revive 'problem child' airline by 2026: CEO Carsten Spohr

Lufthansa has struggled with competition on its transatlantic and Asian routes, recently cancelling its Frankfurt to Beijing flights as Chinese carriers increased capacity

40 foreign operators may be using Boeing 737s with rudder control parts: US

The issue is the latest setback to Boeing, which has faced a series of safety questions after a mid-air emergency in January involving a new Alaska Airlines MAX 9 missing four key bolts

NASA prepares to launch rescue mission for stuck Boeing astronauts

NASA astronaut Nick Hague and Russian cosmonaut Aleksandr Gorbunov are slated to take off inside a SpaceX Crew Dragon

Strike at Boeing leaves Asian airlines sweating on plane deliveries

Boeing didn't respond to a request for comment on any delays to Max deliveries in Asia

Boeing crisis sparks US FAA to revamp safety programmes to avoid risks

FAA audits revealed a series of manufacturing and safety lapses at Boeing after a fuselage panel blew off a 737 Max jet shortly after takeoff in January