Page 10 - Boeing

Nasa's SpaceX Crew-8 mission delayed due to adverse weather; what's next?

As per Nasa's latest communication, the weather remains less than ideal for a planned undocking. Forecasts indicate that conditions may become more favourable later in the week

Boeing's new proposal may lead to $1 bn in wage-related costs over 4 years

About 33,000 workers will vote on the contract proposal after a more than month-long work stoppage, which has halted production of models including its best-selling 737 MAX narrowbody jets

Boeing exploring sale of assets in a bid to boost finances: Report

The planemaker last week reached an agreement to offload a small defense unit that makes surveillance equipment for the U.S. military, the paper reported, citing people familiar with the deal

Boeing presents new proposal before union in hopes of ending strike

Boeing and the union representing striking machinists have negotiated a new contract proposal that would provide bigger pay raises and bonuses in a bid to end a costly walkout that has crippled production of airplanes for more than a month. The International Association of Machinists and Aerospace Workers said early Saturday that it plans to hold a ratification vote on Wednesday. The union said the deal would increase pay by 35 per cent over four years, up from 30 per cent that was offered last month. It also boosts the ratification bonus to USD 7,000 per worker instead of USD 6,000. The new offer would not restore a traditional pension plan a key demand of the 33,000 striking workers but it would increase the amount of contributions to 401(k) retirement plans that Boeing would match and retain performance bonuses that Boeing wanted to eliminate, the union said. The fact the company has put forward an improved proposal is a testament to the resolve and dedication of the frontline

Boeing plans to raise $15 billion through shares, bonds amid strike woes

The company 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 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

After Boeing, Airbus to slash 2,500 jobs amid ongoing financial losses

These job cuts at Airbus, which represent around 7 per cent of its defence and space division's workforce, are expected to be implemented by mid-2026

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