Boeing

Boeing Closes 2024 with Dismal Results Amid Ongoing Challenges

Boeing ended 2024 with a notable surge in orders for December, but the year overall marked one of the company’s most difficult periods in recent memory, as production struggles and a significant strike hindered recovery efforts. The aerospace giant reported 142 gross orders for December, driven largely by demand for its 737 Max aircraft. While…

Boeing

Boeing Highlights Safety Improvements a Year After Door Plug Incident

Nearly a year after a door plug blew off mid-flight on an Alaska Airlines Boeing 737 Max 9, Boeing has outlined its efforts to enhance passenger safety and rebuild trust in its aircraft. In a statement released Friday, the aerospace giant detailed improvements across four key areas: fostering a stronger safety and quality culture, boosting…

Nike, Starbucks and Boeing

Why Nike, Starbucks and Boeing Have Lost Their Magic

Three of America’s iconic brands – Starbucks, Nike, and Boeing – are grappling with significant challenges as they aim to restore their standing in their respective markets. With new CEOs in charge, each company is confronting unique obstacles to rekindle the brand loyalty and strength they once commanded. Starbucks’ Brewing CrisisStarbucks’ latest earnings report, released…

Boeing

Boeing to Cut 10% of Workforce Amid Mounting Challenges and Losses

Boeing announced on Friday that it will reduce its workforce by approximately 10% in response to severe financial struggles and ongoing operational challenges. In a memo to staff, CEO Kelly Ortberg revealed that the layoffs will occur “over the coming months” as the company seeks to navigate its difficult business environment and make strategic adjustments…

Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington

Boeing to Cut 17,000 Jobs Amid Ongoing Strike and Production Delays

Boeing has announced plans to reduce its workforce by 10%, resulting in approximately 17,000 job cuts, as the aerospace giant contends with mounting challenges across its business. The decision comes as the company faces ongoing labour strikes and delays in the production of its flagship 777X aircraft. In an internal email, CEO Kelly Ortberg informed…

Boeing

Should Boeing Be Removed From the Dow? Mounting Issues Raise Serious Questions

Boeing, the American aerospace giant, has long been a fixture in the Dow Jones Industrial Average (DJIA), but recent struggles raise the question: does it still deserve its place among the 30 companies representing the cornerstone of the U.S. economy? For the past five years, Boeing’s performance has fallen far short of the standards expected…

Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington

Boeing Starliner Returns to Earth, but Without Astronauts

Boeing’s Starliner spacecraft returned to Earth following an autonomous journey from the International Space Station (ISS), but without the astronauts it was meant to carry home. NASA astronauts Butch Wilmore and Suni Williams, originally scheduled to return aboard Starliner, remained at the ISS after technical issues raised safety concerns about the spacecraft. The return flight…

Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington

Boeing Faces Potential Strike as Contract Negotiations with 32,000 Workers Reach Critical Point

Boeing is confronting yet another challenge as negotiations with 32,000 of its workers, represented by the International Association of Machinists (IAM), teeter on the brink of a strike. The current contract is set to expire at 11:59 p.m. PT on September 12, and if a new agreement isn’t reached, the workers who assemble Boeing’s planes…

Boeing 737 factory in Renton, Washington

Boeing Still Doesn’t Know How a Plane Missing Four Bolts was Sent to Alaska Airlines

Boeing’s Missing Bolts Mystery: NTSB Investigation Highlights Safety Lapses and CriticismsIn a revealing investigation spanning seven months and nearly 10 hours of hearings, neither Boeing nor the National Transportation Safety Board (NTSB) have determined how a 737 Max aircraft was delivered to Alaska Airlines missing four critical bolts needed to secure a door plug. The…

Boeing

Boeing Appoints New CEO Amidst Rising Losses and Operational Challenges

Boeing has appointed Robert “Kelly” Ortberg as its new CEO, effective August 8, following a reported core operating loss of $1.4 billion in the second quarter. This loss, more than triple that of the same period last year, highlights the company’s ongoing struggles with aircraft safety and production issues, which have hindered profitability. Ortberg, former…

Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington

Boeing Finalizes Plea Deal with DOJ Over 737 Max Scandals

The U.S. Department of Justice has finalized a plea agreement with Boeing, marking a significant development in the company’s ongoing legal troubles. Under the terms of the deal, Boeing will plead guilty to a felony charge of defrauding the U.S. government and will pay a minimum fine of $243.6 million. This new settlement follows a…

Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington

Boeing Faces Criticism Over ‘Sweetheart’ Plea Deal in 737 Max Crash Cases

The US Justice Department is reportedly close to finalizing an agreement with Boeing that would involve a corporate monitor and a fine in exchange for a guilty plea to criminal charges. This deal has sparked outrage among lawyers representing the families of victims from two fatal 737 Max crashes, who have labelled the proposal a…

Boeing

US Prosecutors Recommend Criminal Charges Against Boeing Over 737 Max Violations

US prosecutors have recommended that the Department of Justice (DoJ) file criminal charges against Boeing. This follows claims that the aircraft manufacturer violated a settlement agreement related to two fatal crashes involving its 737 Max aircraft, which resulted in the deaths of 346 people. The DoJ has accused Boeing of breaching a deferred prosecution agreement…

Boeing 737 Max airplanes

Boeing CEO Admits Company Has Been ‘Far From Perfect’ After a Flood of Safety Lapses

Boeing CEO Dave Calhoun is set to address recent safety concerns and cultural issues within the company during a recent Senate testimony. In his prepared remarks, Calhoun plans to acknowledge the company’s shortcomings while rebutting allegations of retaliation against whistleblowers. “Much has been said about Boeing’s culture. We’ve heard those concerns loud and clear,” Calhoun’s…

Boeing 737 factory in Renton, Washington

Boeing Struggles to Regain Momentum Amid Lingering Safety Concerns

Boeing continues to face challenges in attracting new orders for its commercial jets, with sales remaining stagnant amidst ongoing safety questions and production woes. In May, the aviation giant reported a meagre four new jet orders, all for the 787 Dreamliner, with no orders for the troubled 737 Max. This marked a decline from the…

Saudia Group

Saudi Arabia’s Landmark Plane Deal Goes to Airbus, Snubbing Boeing

In a historic move for Saudi Arabia’s aviation sector, the national airline Saudia has placed an order for 105 Airbus aircraft, marking the largest aviation deal in the country’s history. This deal represents a significant victory for Airbus over its beleaguered American competitor, Boeing. Ibrahim Al-Omar, the director general of Saudia Group, which owns Saudia…

Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington

Boeing Whistleblower Found Dead by Suicide, Police Confirm

The investigation into the tragic death of Boeing whistleblower John Barnett has concluded with police confirming that Barnett died by suicide. The 62-year-old former quality manager, who had raised significant safety concerns about Boeing’s manufacturing practices, was found dead on March 9 in a vehicle in Charleston, South Carolina. Barnett’s death was discovered during a…

Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington

Boeing Crewed Space Launch Postponed for Safety Inspection

Boeing’s highly anticipated crewed space launch faced an eleventh-hour postponement just two hours before liftoff, as Nasa officials cited safety concerns that necessitated a thorough check. Astronauts Butch Wilmore and Suni Williams were prepared for departure aboard the Starliner spacecraft when the decision to halt the launch was made due to a potential issue with…

Boeing

Boeing Struggles with $32 Billion Loss Since 2019, Faces Uncertain Future

Boeing, one of the world’s leading aircraft manufacturers, has grappled with significant financial losses totalling $32 billion over the past five years, raising concerns about its long-term sustainability. Despite these staggering losses, Boeing maintains a unique position in the aerospace industry as one of only two major manufacturers of full-size passenger jets in high demand…

John Barnett was a former quality control manager at Boeing

Boeing Faces Allegations of Safety Breaches Following Whistleblower’s Death

Amid ongoing scrutiny over safety standards, Boeing confronts serious allegations of regulatory violations and quality control lapses, following the testimony of a deceased whistleblower. Former Boeing employee John Barnett, who was found dead in March from an apparent suicide, had testified against the aviation giant, accusing it of numerous breaches of US law. Barnett, a…

Boeing CEO Dave Calhoun

Boeing Discloses $546,000 Increase in Personal Air Travel Costs for Top Executives

Boeing, amid ongoing scrutiny and leadership changes, revealed an additional $546,000 expenditure on personal air travel for four top executives, bringing the total cost to $1.9 million since 2021. CEO Dave Calhoun, along with CFO Brian West, Stan Deal, former CEO of the commercial airplane unit, and Theodore Colbert, CEO of the defence, space, and…

Boeing 737-10 Max

Boeing Sees Order Rebound with American Airlines Deal for Unapproved 737 Max 10

Boeing, the aerospace giant, experienced a resurgence in commercial jet orders in March, driven primarily by a substantial order from American Airlines for a model awaiting Federal Aviation Administration (FAA) approval to commence passenger flights. American Airlines finalized orders for 85 units of Boeing’s 737 Max 10, the largest variant of the aircraft, alongside converting…

Dave Calhoun

Boeing CEO Dave Calhoun’s Compensation Surges to $32.8 Million Amid Company’s Struggles

Despite Boeing’s ongoing challenges, CEO Dave Calhoun received a significant boost in compensation in 2023, totalling $32.8 million, marking a 45% increase from the previous year. This hefty sum includes a substantial stock bonus, underscoring the disparities between executive pay and company performance. Calhoun’s decision to decline an annual incentive bonus of $2.8 million, following…

Alaska Airlines

Boeing Compensates Alaska Air with $160 Million After Mid-Air Incident

Boeing has reached a settlement of $160 million with Alaska Air to offset losses incurred following a harrowing mid-air blowout in January, marking a significant step in addressing the aftermath of the incident. The compensation aims to address the profits lost by Alaska Air during the first quarter of the year, with expectations of further…

Dave Calhoun

Boeing CEO Dave Calhoun to Depart Amid Safety Crisis

Boeing announces the departure of CEO Dave Calhoun at the end of the year amidst escalating concerns regarding the company’s safety practices, marking a pivotal moment in the aerospace giant’s leadership transition. The decision comes amid a series of setbacks for Boeing, including a recent incident where an unused door blew off a Boeing 737…

Boeing

Boeing Tells Pilots to Check Seats After Latam Plane Incident

In the aftermath of an alarming incident on a Latam Airlines flight, Boeing has advised airlines operating 787 Dreamliners to conduct thorough seat inspections, citing a potential safety concern. The development follows an unsettling episode earlier this week, where a sudden descent during a Latam Airlines flight left approximately 50 passengers injured. According to reports…

Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington

Boeing Whistleblower John Barnett Found Dead Days After Testifying Against Company

The tragic death of John Barnett, a former Boeing employee and whistleblower, has sent shockwaves through the aviation industry. Barnett, 62, was discovered deceased from a self-inflicted wound on Saturday, according to the Charleston County Coroner’s Office. Barnett’s passing comes just days after he testified against Boeing in a high-profile court case. Scheduled to answer…

Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington

FAA Report Highlights Safety Culture Issues at Boeing Following Fatal Crashes

A scathing report released by the Federal Aviation Administration (FAA) on Monday has shed light on significant safety culture shortcomings at Boeing, the aircraft manufacturer plagued by two fatal crashes and ongoing safety concerns. Contrary to Boeing’s assertions of prioritizing safety, the report, authored by a panel of industry experts, uncovered a lack of “objective…

Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington

Boeing Removes Head of 737 Max Program Following Safety Incidents

Boeing has taken action to replace executive Ed Clark, who led its troubled 737 Max passenger jet program, amidst a series of safety incidents, including fatal crashes and a recent midair blowout in January. The Boeing 737 Max, despite being the company’s top-selling aircraft, has encountered significant challenges over the past five years. This includes…

Boeing 737

Cracked Cockpit Window Prompts All Nippon Airways Boeing 737 to Return Mid-Flight

An All Nippon Airways (ANA) domestic flight faced an unexpected turn of events as it returned to its departure airport due to a crack in the cockpit window of the Boeing 737-800 aircraft, the airline confirmed on Monday. The incident occurred approximately 40 minutes after take-off, with the crack discovered in the “second window from…

Boeing

Boeing Grapples with Safety Concerns as Alaska Airlines Flight Makes Emergency Landing

Boeing faces renewed scrutiny over the safety of its aircraft as an Alaska Airlines flight was compelled to execute an emergency landing on Friday following a panel and window blowout. The incident raises questions about the airworthiness of Boeing’s planes, adding to the series of engineering and quality challenges the aerospace giant has encountered in…

Boeing

Boeing Achieves Milestone as It Delivers First 787 Dreamliner to China Since 2019

In a significant development, Boeing has successfully delivered a 787 Dreamliner directly to a Chinese airline for the first time since November 2019. The milestone marks a potential opening for further deliveries, including Boeing’s high-performing 737 Max, which has faced a halt in shipments to China for nearly five years. The Boeing 787-9, destined for…

Boeing

Boeing Loses $425 Million But Sticks to Full-Year Forecasts

Boeing lost $425 million in the first quarter — more than Wall Street expected — plagued by production problems while building passenger planes and it had a write-down for a military tanker. Revenue rose 28% from a year earlier, however, as airlines scooped up new jets to meet rising travel demand. CEO David Calhoun called…