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Boeing Strike Ends As Machinists Accept New Contract
Nearly two months long strike at Boeing Co. has ended after a majority of around 33,000 frontline workers voted to approve a new contract that will deliver 43.65 percent compounded wage increase. Following the deal, Boeing shares were gaining around 1.91 percent in the pre-market activity on the NYSE to trade.
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vor 19 Tagen
NTSB Asks For Urgent Safety Checks On Boeing 737 Rudder System
In a latest blow to the struggling aerospace giant Boeing Co., which has been hit by an ongoing strike by machinists as well as various safety issues, the National Transportation Safety Board has issued urgent safety recommendations to Rudder control system on some 737 airplanes. The warning has been given to Boeing and the Federal Aviation Administration or FAA in response to the potential...
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vor 58 Tagen
Boeing Offers 30% Wage Hike In Final Offer, But Union Rejects
Aerospace giant Boeing Co., which has been hit by an ongoing strike by machinists, has come out with its improved "best and final offer" with a larger pay hike and bonuses, urging the employees to ratify by September 27. Meanwhile, Boeing's largest union, The International Association of Machinists and Aerospace Workers or IAM, declined to put the offer to a vote, noting that it was not negotiated
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vor 61 Tagen
Boeing Freezes Hiring, Weighs Furloughs To Cut Costs Amid Strike
Aerospace giant Boeing Co. is planning various cost-cutting measures, including hiring freeze, cut in supplier spending and possible temporary furloughs, to meet the ongoing strike by machinists, reports said citing a company memo. Bloomberg reported that Boeing's difficult financial position puts its credit rating at risk of dropping below investment grade.
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vor 68 Tagen
Boeing Union Members Begin Strike; Stock Drops
Boeing Co.'s about 33,000 machinists union members have started a strike on Friday after majority of them voted to reject a proposed four-year contract by the aerospace and defence major. The first strike at the firm since 2008 is expected to hit the commercial airplane production of the aircraft manufacturer, which is already struggling with its various plane safety issues.
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vor 72 Tagen
Boeing Grounds 777X Test Fleet Over Damage In Structure
Boeing Co. has paused flight tests for its new 777X jetliner and grounded the four-aircraft test fleet after finding damage in the engine-related structural component of one of the wide-body jetliners, reports said. The decision was made after the aerospace and defence major, during routine maintenance following a test flight, identified a severed thrust link on a 777-9.
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vor 96 Tagen
Boeing Q2 Loss Sharply Widens, Misses Estimates
Boeing reported on Wednesday a net loss for the second quarter that sharply widened from last year, reflecting a 15 percent revenue decline amid lower commercial delivery volumes, and losses on fixed-price defense development programs. Core loss per share came in well below analysts' expectations and quarterly revenues also missed it.
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vor 116 Tagen
Macquarie AirFinance Makes First Direct Order To Boeing For 20 737 MAX 8's
Boeing Co. (BA) and aircraft leasing and financing company Macquarie AirFinance announced Tuesday that the lessor has made its first direct order for Boeing airplanes. The purchase of 20 737 MAX 8's doubles Macquarie AirFinance's existing 737 MAX 8 order book, which it acquired from ALAFCO Aviation Lease and Finance Co. in 2023.
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vor 124 Tagen
Boeing And Lufthansa Technik Ink License Agreement For 787 Dreamliner Cabin Modifications
Boeing Co. (BA) and technical aircraft services provider Lufthansa Technik announced Monday an agreement to designate Lufthansa Technik as the first Boeing-licensed Service Center (BLSC) for cabin modifications on 787 Dreamliner airplanes, bringing additional choice and capacity to the market.
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vor 125 Tagen
Boeing To Plead Guilty To Criminal Fraud Charge Over 737 Max Crashes
Boeing Co. has agreed with the Department of Justice to plead guilty to a criminal fraud charge in connection with two 737 Max crashes in Indonesia and Ethiopia that killed 346 people in total. With the agreement, the company will be able to avoid a criminal trial over the crashes, which so far have caused the aerospace and defence major billions in claims and in penalties.
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vor 139 Tagen
