Category: Boeing
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Italian prosecutors accuse 7 people, 2 firms over flawed Boeing plane parts By Reuters
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Written by Francesca Landini MILAN (Reuters) – Italian prosecutors on Saturday charged seven people and two subcontractors with crimes including fraud and violating aircraft safety rules after an investigation into suspected defective parts produced by an Italian company for Boeing (NYSE:). Prosecutors began their investigation in late 2021 after Boeing…
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US senators urge DOJ action against Boeing executives over safety woes By Reuters
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Written by David Shepardson WASHINGTON (Reuters) – Two U.S. senators criticized the Justice Department’s plea agreement with Boeing in July and said the government should take action against the planemaker’s executives “responsible for safety failures,” according to a letter seen by Reuters. Democratic Senators Elizabeth Warren and Richard Blumenthal said…
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NASA says it’s a long way from ‘writing off Boeing’
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The two astronauts Stuck on the International Space Station Since June they have welcomed their new journey home with the arrival of a SpaceX capsule on Sunday. SpaceX Rescue mission launched on Saturday with a small crew of two astronauts and two empty reserved seats Butch Wilmore and Sonny Williamswho…
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Boeing wage talks break off without progress to end strike, union says By Reuters
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(Reuters) – The International Association of Machinists and Aerospace Workers (IAM) said late on Friday that its talks on a pay deal with Boeing (NYSE:) have stalled, and that there are no further dates scheduled for negotiations at this time. “We are open to talks with the company, either directly…
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US Senate committee faults Boeing safety practices, FAA oversight By Reuters
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By David Shepardson WASHINGTON (Reuters) – A U.S. Senate panel investigating Boeing Co’s safety culture on Wednesday criticized the planemaker’s quality practices and Federal Aviation Administration oversight, citing documents obtained in an ongoing probe. The Senate Permanent Subcommittee on Investigations, which is holding a hearing Wednesday with FAA Administrator Mike…
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Boeing makes final offer of 30% wage increase to striking workers By Reuters
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(Reuters) – Boeing Co raised its wage proposal for thousands of striking workers on Monday, offering a 30 percent overall pay increase over four years in what it called its “best and final” offer as the strike continues. The U.S. aircraft maker also offered to reinstate a performance bonus, improve…
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Boeing strike to slow down Ryanair’s growth plans: CEO Michael O’Leary (NYSE:BA)
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John Moore/Getty Images News Ryanair (Nasdaq:RayaiBoeing CEO Michael O’Leary said Saturday that the aircraft contract extension (New York Stock Exchange: BAThe workers’ strike could cut the number of aircraft the company receives by next summer to 20 from an expected 25. The Irish carrier was expecting to receive The strike…
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Boeing strike could drag on as workers push for higher wages, union leader says By Reuters
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SEATTLE (Reuters) – The strike at Boeing Co. “could go on for a while” as workers feel confident they can get bigger pay raises and better pensions, union leader John Holden said in an interview with National Public Radio on Saturday. More than 30,000 members of the International Association of…
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Boeing strike could drag on as workers push for higher wages, union leader says By Reuters
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SEATTLE (Reuters) – The strike at Boeing Co. “could go on for a while” as workers feel confident they can get bigger pay raises and better pensions, union leader John Holden said in an interview with National Public Radio on Saturday. More than 30,000 members of the International Association of…
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Ryanair may get five fewer planes by next summer due to Boeing strike, CEO says By Reuters
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DUBLIN (Reuters) – A prolonged strike by Boeing workers could cut the number of planes Ryanair receives by next summer to 20 from an expected 25, Chief Executive Michael O’Reilly said on Saturday. O’Reilly said his Irish low-cost airline, one of Boeing’s biggest customers, was supposed to take delivery of…
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Fitch: If this is an extended strike you could see Boeing downgraded
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Boeing machinists went on strike after refusing a 25% pay raise, shutting down the manufacturing plant. Here are the key points from Boeing’s CFO statement: Impact of the strikeThe strike would jeopardize the recovery process, and affect production and deliveries. save money:Strong focus on measures to preserve money Union negotiationsI…
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Fitch: If this is an extended strike you could see Boeing downgraded
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Boeing machinists went on strike after refusing a 25% pay raise, shutting down the manufacturing plant. Here are the key points from Boeing’s CFO statement: Impact of the strikeThe strike would jeopardize the recovery process, and affect production and deliveries. save money:Strong focus on measures to preserve money Union negotiationsI…
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Boeing US factory workers on strike after 96% vote for walkout By Reuters
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By Joe Brock and David Shepherdson SEATTLE (Reuters) – Workers at a Boeing Co. plant on the U.S. West Coast went on strike early on Friday after 96 percent of them voted to walk out, halting production of the company’s best-selling jetliner as it grapples with chronic production delays and…
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Boeing labor deal angers many union workers ahead of vote, official says By Reuters
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Written by Alison Lambert (Reuters) – A temporary labor contract agreed between Boeing Co (NYSE:BA) and one of its largest labor unions has angered many workers who had hoped for higher wage increases and better pensions, an official who negotiated the deal said on Monday. The International Association of Machinists…
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Boeing reaches labor deal with 25% pay hike, new plane commitment By Reuters
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By Alison Lambert and David Shepardson Boeing Co said Sunday it has reached a tentative agreement with a union representing more than 32,000 workers in the U.S. Pacific Northwest, in a deal that could help avert a potential strike that could begin on Sept. 13. The proposed four-year deal, which…
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Boeing spacecraft, Starliner, lands on Earth (NYSE:BA)
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Always_Zeel After a disappointing test flight, Boeing announced (New York Stock Exchange: BAThe Starliner spacecraft returned to Earth shortly after midnight Saturday without the crew that carried it to the International Space Station a few months ago. The spacecraft landed at White Sands. space port NASA announced the flight will…
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Acting US labor secretary encourages Boeing and workers to reach ‘fair contract’ By Reuters
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Written by Alison Lambert NEW YORK (Reuters) – Acting U.S. Labor Secretary Julie Su on Wednesday encouraged Boeing Co. and more than 30,000 workers at the planemaker’s plant to close the gap in negotiations and reach a fair contract as a Sept. 12 vote on a new deal approaches. Boeing…
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Acting US labor secretary encourages Boeing and workers to reach ‘fair contract’ By Reuters
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Written by Alison Lambert NEW YORK (Reuters) – Acting U.S. Labor Secretary Julie Su on Wednesday encouraged Boeing Co. and more than 30,000 workers at the planemaker’s plant to close the gap in negotiations and reach a fair contract as a Sept. 12 vote on a new deal approaches. Boeing…
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Analysts weigh in on implications of NASA’s Starliner decision for Boeing By Investing.com
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NASA’s recent decision to return Boeing’s (NYSE:) Starliner spacecraft to Earth without an astronaut crew has raised concerns about the company’s space program. The two astronauts, who will now return aboard SpaceX’s Dragon capsule, were originally scheduled to return aboard the Starliner. Analysts believe the decision could have major implications…
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Boeing grounds 777X test fleet after finding cracks in engine mounting structure (NYSE:BA)
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sanfel/iStock Editorial via Getty Images BoeingNew York Stock Exchange: BA) He is Grounding its 777X test fleet After inspection found cracks in the main engine mounting structure, Air current It was reported on Monday. Boeing (BA) has orders for 540 new aircraft that it plans to begin delivering. In 2025,…