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☆ Boeing supplier swings to profit despite recent problems
▼ + stars: | 2024-02-06 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Spirit AeroSystems, the troubled Boeing supplier which builds fuselages and other parts for the company, reported its first adjusted quarterly profit since the start of 2022, helped by increased payments from Boeing. But the continued quality and safety problems at Boeing, and at Spirit AeroSystems, caused the supplier to announce it would not give any outlook for profits the rest of the year. Boeing announced on Sunday that Spirit AeroSystem workers disclosed there were misdrilled holes on 737 Max fuselages the company had built. Because of that agreement, Spirit reported net income of $59 million for the quarter, a large improvement from the net loss of $243 million a year earlier. Spirit has reported net losses every quarter since the start of the pandemic in early 2020.

Persons: Max fuselages, Max, AeroSystems Organizations: New, New York CNN, Boeing, Alaksa Airlines, Max, Alaska, Federal Aviation Administration, Airbus, Spirit Locations: New York

☆ Boeing is in the 'last chance saloon,' the boss of an airline which placed a $52 billion order just 3 months ago warns
▼ + stars: | 2024-02-05 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

The boss of Emirates criticized Boeing and called on its leaders to prioritize quality manufacturing over finances, in an interview with the Financial Times published Sunday. Last November, Emirates placed a huge $52 billion order for 95 Boeing 777 and 787 jets. The 737 Max 9, delivered 66 days earlier, lost a door plug in midair. AdvertisementThe Wall Street Journal reported that the plane left Boeing's factory missing key bolts designed to keep the door plug in place. And on Sunday night, several outlets reported that holes were misdrilled in 50 Boeing 737 Max fuselages, delaying deliveries.

Persons: Sir Tim Clark, Max, Max fuselages, Clark, Dave Calhoun, they've Organizations: Emirates, Boeing, Financial, Alaska Airlines, Street Journal Locations: Dubai, Emirates

☆ We now have more details on what happened with the Alaska Airlines door plug — and how Boeing plans to address quality issues
▼ + stars: | 2024-01-31 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

Bloomberg has reported new details about what may have caused the Alaska Airlines door plug blowout. AdvertisementNew details have emerged regarding how the door plug on an Alaska Airlines Boeing 737 Max 9 blew off the jet mid-flight earlier this month. The investigation is focused on four bolts that hold the door plug in place. Boeing CEO says door plug installation will have inspections "at every turn"According to Boeing, 129 have been ungrounded as of midday on Wednesday. The agency has halted Boeing's 737 Max production expansion while it addresses quality control lapses.

Persons: Dave Calhoun, —, Max, AeroSystems, Ingrid Barrentine, Justin Sullivan, Calhoun, We've, I've, Max fuselages Organizations: Bloomberg, Alaska Airlines, Boeing, Service, Alaska Airlines Boeing, Max, National Transportation Safety, Seattle Times, New York Times, US National Transportation, Business, NTSB, Federal Aviation Administration, BI, United Airlines, FAA Locations: Alaska, Renton , Washington, Renton, Wichita

☆ Spirit AeroSystems to halt Wichita plant as workers vote to strike
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +3 min

Spirit will suspend factory production prior to the expiration of its contract with the International Association of Machinists and Aerospace Workers (IAM) which ends on June 24, it said. "We are disappointed that our employees represented by the IAM rejected our four-year contract offer and voted to strike," Spirit said. However, workers not represented by union should report to work on Thursday, it added. Workers at the plant, which makes critical structures for Boeing (BA.N) jetliners, will go on strike on Saturday, after rejecting a proposed four-year deal on Wednesday night, the IAM said. "The IAM's dedicated and hardworking membership at Spirit AeroSystems has worked without fail during tumultuous times, including a pandemic that saw everything grind to a halt.

Persons: AeroSystems, Valerie Insinna, Abinaya, Shivansh, Gerry Doyle, Jason Neely Organizations: IAM, Saturday Plant, Boeing, International Association of Machinists, Aerospace Workers, Workers, Spirit, Airbus, Thomson Locations: Wichita , Kansas, Wichita, Washington, Bengaluru

Spirit will suspend factory production prior to the expiration of its contract with the International Association of Machinists and Aerospace Workers (IAM) on June 24, it said. "We are disappointed that our employees represented by the IAM rejected our four-year contract offer and voted to strike," Spirit said. Although IAM and Spirit reached a tentative contract agreement last week, workers voted to reject the deal and strike. In May, Boeing CEO Dave Calhoun said it would be difficult to make contingency plans for a strike at Spirit. Starting on June 22, all IAM-represented employees will not report for work but will receive pay for their regularly scheduled work hours, Spirit said.

Persons: AeroSystems, Dave Calhoun, Valerie Insinna, Abinaya, Jason Neely, Mark Potter Organizations: IAM, Saturday Plant, Boeing, PARIS, Airbus, International Association of Machinists, Aerospace Workers, Spirit, Thomson Locations: Wichita , Kansas, Wichita

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