Delta Air Lines Orders 100 737-10s With Options For 30 More

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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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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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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FAA To Probe Delta Flight's Cabin Pressure Injuries

The Federal Aviation Administration or FAA is investigating the pressurization issues on a Delta Air Lines flight, which caused injuries to some of its passengers, reports said. The airline, meanwhile, apologized to its passengers, who experienced bleeding from the ear and nose. The Delta Flight 1203, which was traveling from Salt Lake City International Airport on Sunday with 140 passengers...

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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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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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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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Delta Sees $380 Mln Revenue Hit From Microsoft-CrowdStrike Outage

Delta Air Lines, Inc. estimates the massive IT outage caused by Microsoft Corp. - CrowdStrike Holdings, Inc. and related impacts, including more than 7000 flight cancellations, would hurt the airline direct revenue of around $380 million. In a filing with the U.S. Securities And Exchange Commission, Ed Bastian, Delta's Chief Executive Officer, said that company is pursuing legal claims...

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