Page 12 - Boeing

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

Boeing offers its largest union 30% wage hike in bid to end strike

Boeing said the terms are final and only valid until the end of Sept. 27, as it seeks to raise pressure on the other side to accept

Strike by Boeing workers shows no signs of ending after its 1st week

A labour strike at Boeing showed no signs of ending on Friday, as the walkout by 33,000 union machinists entered its eighth day and the company started rolling furloughs of nonunion employees to conserve cash. Federal mediators joined talks between Boeing and the International Association of Machinists and Aerospace Workers this week, but union officials reported that little progress was made during the first two sessions. The union said no further talks were scheduled. A Boeing spokesperson said on Friday that the company's goal is to reach an agreement with the union as quickly as possible. She declined to comment further. The walkout started September 13, when members of a regional district of the IAM union voted 96 per cent in favour of a strike after they rejected a proposed contract that would have raised their pay by 25 per cent over four years. Workers say they want raises of 40 per cent and a restoration of traditional pension benefits that were eliminated about a decade .

China aircraft lessor orders 50 737 MAX jets in major boost to Boeing

The planemaker's deliveries to China had been gradually recovering in recent months after a lengthy hiatus

Boeing furloughs thousands as it hunkers down for prolonged strike

A protracted labor battle could cost Boeing several billion dollars, further straining finances and threatening its credit rating

Will begin furloughs soon to save cash during labour strike: Boeing CEO

Boeing's CEO said Wednesday that the company will begin furloughing a large number of employees to conserve cash during the strike by union machinists that began last week. Chief Executive Kelly Ortberg said the layoffs would be temporary and affect executives, managers and other employees. About 33,000 Boeing factory workers in the Pacific Northwest began a strike Friday after rejecting a proposal to raise pay by 25 per cent over four years. They want raises of at least 40 per cent and other improvements in the deal that they voted down. The furloughs are expected to affect tens of thousands of Boeing employees. Ortberg said employees will be furloughed for one week every four weeks, and he and other senior executives will take pay cuts during the duration of the strike.

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

US FAA chief to testify before Congress on Sept 24 on Boeing quality plan

Boeing faces mounting scrutiny from Congress since a Jan. 5 mid-air emergency in a new Alaska Airlines Boeing 737 MAX 9.

Strike could cost Boeing $100 million-plus in daily revenue, say analysts

A prolonged strike could cost several billion dollars, fraying the planemaker's already strained finances and threatening a downgrade of its credit rating

Boeing considers temporary layoffs to save cash during strike by machinists

The company said moves, which include reduced spending on suppliers, were necessary because our business is in a difficult period