Boeing
Boeing’s CEO Kelly Ortberg has a message for his staff: Stop fighting and get to work.Ortberg urged employees to “focus on the task at hand” instead of squabbling.The CEO also spoke with President-elect Donald Trump about the impact of his potential tariffs.Boeing’s CEO Kelly Ortberg has a stern warning for…
By Dan Catchpole, Allison Lampert (Reuters) -Boeing will lay off more than 2,200 workers in the U.S. states of Washington and Oregon, according to filings posted on Monday, as part of the debt-heavy U.S. planemaker’s plan to cut 17,000 jobs, or 10% of its global workforce. The aerospace giant started…
China’s COMAC is rebranding its regional jet to the C909, keeping with the naming style of its newer C919.That might not get COMAC more C909 sales, but it markets the plane under a unified family name.It all fits into COMAC’s push to move into the international market with Boeing and…
Investing.com — Spirit AeroSystems (NYSE:) on Tuesday, November 5, raised concerns about its ability to continue operations, sparking questions about the implications for Boeing (NYSE:)’s planned acquisition. In its third-quarter financial report, the aerospace manufacturer disclosed “substantial doubt about the Company’s ability to continue as a going concern exists.” “The…
Investing.com — Boeing’s (NYSE:) efforts to stabilize its financial position amid challenging market conditions have intensified following a recent equity raise, but analysts at Wells Fargo suggest that asset sales could provide critical support to the company’s balance sheet. Currently, Boeing’s credit rating sits just above high-yield status, with negative outlooks…
By Dan Catchpole, Allison Lampert, Tim Hepher, Joe Brock SEATTLE (Reuters) -Ending the strike only stemmed the bleeding at Boeing (NYSE:). Now, CEO Kelly Ortberg, just three months into the job, is faced with repairing a divided, demoralized, and drifting American corporate icon. More than 33,000 factory workers in the…
By Dan Catchpole and Allison Lampert SEATTLE (Reuters) -Boeing U.S. West Coast factory workers were voting on an improved contract offer on Monday that could end a seven-week strike and restart most jet production at the troubled planemaker. Boeing (NYSE:)’s latest offer includes a 38% wage increase spread over four…
Some airlines have bought Airbus’ new extra-long-haul A321XLR to replace their aging Boeing 757s.Boeing chose not to build a replacement for its popular narrowbody in the early 2000s.United Airlines and Icelandair are banking on the A321XLR, while Delta Air Lines has not ordered any. Airbus is hyper-focused on a segment…
By Utkarsh Shetti (Reuters) -Boeing launched a stock offering that could raise up to $24.3 billion as the planemaker looks to strengthen its finances squeezed by a more than six-week strike by factory workers and preserve its investment-grade credit rating. The move will boost Boeing (NYSE:)’s battered finances, which have…
By Niket Nishant (Reuters) – Boeing (NYSE:) workers’ efforts to restore the traditional pension plans it ditched a decade ago feels to many like a long shot, as reinstating such a structure could exacerbate the planemaker’s shaky financial situation. Bringing back the defined-benefit plans – where the pension liability is…
