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, 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…
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, 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, 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…
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…
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…
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…
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…
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…
