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NTSB Asks For Urgent Safety Checks On Boeing 737 Rudder System

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...
RTTNews | 19 dni temu
Boeing Offers 30% Wage Hike In Final Offer, But Union Rejects

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
RTTNews | 22 dni temu
Boeing Freezes Hiring, Weighs Furloughs To Cut Costs Amid Strike

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.
RTTNews | 29 dni temu
Boeing Union Members Begin Strike; Stock Drops

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.
RTTNews | 33 dni temu
Boeing Grounds 777X Test Fleet Over Damage In Structure

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.
RTTNews | 57 dni temu
Boeing Q2 Loss Sharply Widens, Misses Estimates

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.
RTTNews | 77 dni temu
Macquarie AirFinance Makes First Direct Order To Boeing For 20 737 MAX 8's

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.
RTTNews | 85 dni temu
Boeing To Plead Guilty To Criminal Fraud Charge Over 737 Max Crashes

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.
RTTNews | 100 dni temu
Boeing Secures Order For Four 777 Freighters From Turkish Airlines

Boeing Secures Order For Four 777 Freighters From Turkish Airlines

Aerospace company Boeing Co. (BA) and Turkish Airlines announced Tuesday an order for four 777 Freighters to further strengthen the airline's position in the global air cargo market. With this order, Turkish Airlines will operate 12 777 Freighters.
RTTNews | 106 dni temu