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Delta Air Lines pulled some meal options from dozens of international flights on Wednesday hours after the carrier said reports of "spoiled" food on an Amsterdam-bound flight forced the plane to divert to New York. Delta was only serving pasta in the main cabin on about 75 international flights on Wednesday. Delta apologized to customers over the report of spoiled food in the main cabin on the Detroit-to-Amsterdam flight. "This is not the service Delta is known for and we sincerely apologize to our customers for the inconvenience and delay in their travels," Delta said. The incident occurred in the midst of the peak summer travel season, when Delta and its rivals are fighting over travelers.
Persons: Delta, Ash Dhokte, Dhokte, Henry Harteveldt, Delta's Dhokte Organizations: Boeing, Delta Air Lines, JFK International, Delta, CNBC, Detroit, Atmosphere Research Locations: Dublin, New York, Manhattan, Amsterdam, Delta
A string of whistleblowers this year has raised allegations about Boeing factory lapses, including an official federal complaint from a current employee that Boeing hid potentially defective parts from Federal Aviation Administration inspectors, and that some of those parts likely ended up in planes. Most of the parts that were meant to be scrapped were often painted red to signify they were unsuitable for assembly lines, Meyers said. In a statement to CNN, Boeing did not dispute Meyers’ allegations. Meyers describes a pressure-packed environment at the Everett factory, where assembly teams competed with each other to find the parts they needed. Workers assemble Boeing Co. 787 Dreamliner airplanes at the Boeing Everett Factory in Everett, Washington.
Persons: CNN —, Merle Meyers, Meyers ’, Meyers, , ” Meyers, , Max, Dave Calhoun, Sam Mohawk, Richard Cuevas, Aerosystems, Patrick T, Pete Muntean Organizations: CNN, Boeing, Everett, Federal Aviation Administration, Company, New York Times, FAA, Justice Department, Occupational Safety, Health Administration, Engineering, Workers, Boeing Co, Boeing Everett Factory, Fallon, Bloomberg Locations: Everett , Washington, Auburn , Washington
The other is clear air turbulence, which was involved in the Singapore Airlines incident. As the name implies, clear air turbulence is hard to anticipate since it isn't associated with clouds. It said that over a typical point, the most severe type of clear air turbulence increased by 55% between 1979 and 2020. The increasing difference in energy between the two layers means more energy goes into the jet stream, Gratton said. "Therefore crossing the Atlantic, climate change is making encounters with clear air turbulence more likely and more severe," he added.
Persons: , Guy Gratton, It's, Gratton, you've Organizations: Service, Singapore Airlines, Boeing, Passengers, Business, Emirates, Cranfield University, University of Reading Locations: Bangkok, Singapore, Europe
Southwest Airlines said Wednesday that it has adopted a shareholder rights plan, more commonly known as a "poison pill," in response to activist Elliott Management's investment in the airline and push to oust CEO Bob Jordan and Chairman Gary Kelly. The poison pill will only activate if Elliott — or another investor — acquires at least 12.5% of the company. "Southwest Airlines has made a good faith effort to engage constructively with Elliott Investment Management since its initial investment and remains open to any ideas for lasting value creation," Kelly said in a statement. Elliott and Southwest management met in person just two weeks ago, according to people familiar with the matter. Companies often adopt shareholder rights plans in response to an activist threat; rental car company Hertz adopted a poison pill in 2013 in response to "unusual" trading activity that management thought presaged an activist.
Persons: Elliott, Bob Jordan, Gary Kelly, Elliott —, , Kelly, Hertz, Jordan, Morgan Stanley, Ellis Organizations: Southwest Airlines, Elliott Investment Management, Companies, Boeing, Southwest, Texas, Bank of America, & Locations: Southwest, Dallas, New York, West Palm Beach , Florida, Kirkland
On Air New Zealand's Boeing 777-300ER, flight attendants rest in a room hidden above economy class. As I scaled the steps up to the room, I entered a cramped space with eight beds and storage. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . When flight attendants and pilots work long shifts, they also take a break — in tiny rooms hidden on planes. On the way back to the US from New Zealand in 2022, I went behind the scenes for a firsthand look at flight attendants' break room on Air New Zealand's Boeing 777-300ER.
Persons: , It's Organizations: New, Boeing, Service Locations: New Zealand
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Airlines face numerous problems, including higher costs, such as fuel, wages and interest rates. And problems at Boeing mean airlines have too few planes to expand routes to support a record numbers of flyers. Labor costs and jet fuel prices, the airlines’ two largest costs, are both sharply higher this year. Jet fuel prices are climbing because of higher demand in the summer. Southwest announced in April that it would stop serving four airports to trim costs — Bellingham International Airport in Washington state, Cozumel International Airport in Mexico, Syracuse Hancock International Airport in New York and Houston’s George Bush Intercontinental Airport.
Persons: that’s, Houston’s George Organizations: New, New York CNN, Boeing, Labor, Airline, Jet, International Air Transport, Airbus, Alaska Airlines Boeing, Max, Federal Aviation Administration, Southwest, Bellingham International Airport, Cozumel International, Syracuse Hancock International, Houston’s George Bush Intercontinental Locations: New York, Southwest, United, Washington state, Cozumel, Mexico, Syracuse
CNBC Daily Open: 'Roaring Kitty' gets chewed up
  + stars: | 2024-07-02 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
Traders work on the floor of the New York Stock exchange during morning trading on Nov. 10, 2023 in New York City. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. AI momentumWall Street kicked off the second half of the year with modest gains, propelled by continued strength in megacap stocks. Boeing, Spirit upShares of Boeing and Spirit AeroSystems rose 2.58% and 3.35% respectively after Boeing agreed to buy back fuselage maker Spirit in a $4.7 billion all-stock deal.
Persons: Keith Gill, Gill, Paris . Hurricane Beryl Cruise, Tom Lee, Lee Organizations: New York Stock, CNBC, Dow Jones, Nasdaq, Microsoft's, Paramount, Warner Bros ., Netflix, Securities and Exchange Commission, Wall, Boeing, Airbus, Paris . Hurricane, Norwegian Cruise, Royal Locations: New York City, U.S, Chewy, Belfast , Wichita, North Carolina, Paris ., Grenada, Norwegian, Royal Caribbean, Mt
An Air Europa flight from Spain to Uruguay was diverted after encountering severe turbulence. "He flew and got stuck in the roof, in the bin," a passenger sat close to him told Uruguayan TV. AdvertisementAn Air Europa passenger appeared to get stuck in an overhead bin when their flight experienced severe turbulence. In a statement shared with Business Insider, Air Europa said seven people were injured, while an "undetermined number" had minor bruises. The New York Times reported that 36 people were injuredThis story is available exclusively to Business Insider subscribers.
Persons: Organizations: Air Europa, Uruguayan, Service, Boeing, Business, New York Times Locations: Spain, Uruguay, Madrid, Montevideo
Boeing is buying back Spirit Aero, a manufacturer of parts for its 737 and 787 planes, per Reuters. The $4.7 billion all-stock deal is set to be officially announced Monday, the outlet reported. The deal brings Spirit Aero back into Boeing's fold and should improve the production of its aircraft. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBoeing is set to buy back Spirit AeroSystems, a manufacturer of parts for its 737 and 787 planes, in a $4.7 all-stock deal, according to a Sunday report from Reuters.
Persons: Organizations: Boeing, Reuters, Spirit, Service, Business
My top 10 things to watch Monday, July 1 Stocks are indicated higher Monday following a slight decline last week. The top-performing Club stocks in the second quarter had one thing in common: the AI trade. Morgan Stanley hiked its price target on Nvidia to $144 from $116, citing strong demand for Hopper generation chips in Asia ahead of the launch of the company's next-generation Blackwell platform. Deutsche Bank upped its price target on Walmart to $77 a share from $71. UBS upgraded Birkenstock to a buy rating from neutral with a $85 price target, up from $52.
Persons: Morgan Stanley, Tesla, Wells, Abbott, We've, Bernstein, Vertiv, Raymond James, Goldman Sachs, Snowflake, Jim Cramer's, Jim Cramer, Jim Organizations: Treasury, Nvidia, Hopper, Blackwell, Boeing, Jefferies, Barclays, Abbott Laboratories, Analysts, Eaton, Caterpillar, Cummins, GE Vernova, Deutsche Bank, Walmart, Fox, UBS, Jim Cramer's Charitable, CNBC Locations: Asia, Snowflake
With nothing commercial to show from Boeing, which usually has its 777X and Max test jets on display, all eyes will be on European rival Airbus. AdvertisementThe XLR plane is the longest-ranged option in the A321neo family, which has outsold Boeing's 737 since 2019, when two fatal crashes grounded the plane's Max variants. According to Airbus, the XLR is uniquely equipped for long-haul flying, thanks to an extra rear center fuel tank that helps the narrowbody fly up to 5,400 miles (11 hours) nonstop. AdvertisementThe premium seating offers lie-flat beds typical to what customers find on long-haul widebody flights, and is likely to be the norm on long-haul XLRs. "Even well-established city pairs such as London-Miami or Sydney-Kuala Lumpur will benefit from the year-round sweet spot the XLR offers airlines," Airbus marketing specialist Ludek Jando said in September 2023.
Persons: , Taylor Rains, Max, American's, Jason Reisinger, Andrew Nocella, Willy Boulte, Barry Biffle, Ludek Jando Organizations: Service, Alaska Airlines, Max, Farnborough, Business, Boeing, Airbus, American Airlines , Frontier Airlines, JetBlue Airways, United Airlines, Qantas, AirAsia X, Sky Airline, Czech Airlines, Air Canada, Airlines, JetBlue, Spanish, Washington Dulles, American Airlines, Frontier Locations: Alaska, Iberia, Malaysian, Chile, East Coast, Europe, Madrid, Boston, Washington, Dulles, Raleigh , North Carolina, London, Charlotte, New York, Asia, Beijing, Seoul, Amsterdam, South America, Hawaii, Miami, Sydney, Kuala Lumpur
Boeing , Spirit AeroSystems — Boeing on Monday said it would buy back fuselage maker Spirit AeroSystems in a $4.7 billion all-stock deal. Trump Media & Technology Group — Shares of Trump Media & Technology Group rose 3% following a roughly 11% loss during Friday's session. Nio — The Chinese electric vehicle stock rose 6% on Monday after the company said vehicle deliveries rose nearly 100% in June . Tesla — The electric vehicle stock popped 6%. NextEra Energy Partners — The renewable energy stock dropped 5%.
Persons: Keith Gill, Joe Biden, Donald Trump, Birkenstock, Nio, Tesla, Beryl, , Jesse Pound, Michelle Fox, Alex Harring, Sarah Min, Hakyung Kim Organizations: GameStop, Boeing, Trump Media & Technology, Trump Media & Technology Group, UBS, Point Capital Management, NextEra Energy Partners, Royal Bank of Canada, Cruise, Royal Locations: Point, Grenada, Royal Caribbean
Boeing , Spirit AeroSystems — Boeing on Monday said it would buy back fuselage maker Spirit AeroSystems in a $4.7 billion all-stock deal. Boeing shares dipped 0.3%, while Spirit AeroSystems shares popped 4.5%. Verizon — Shares ticked up 0.5% after Goldman Sachs initiated coverage with a buy rating. Verizon shares will rise amid an improving competitive backdrop in the telecommunications industry, according to Goldman Sachs. Intercontinental Exchange — The financial exchange's shares rose 1.4% on the back of a Goldman Sachs upgrade to buy from neutral.
Persons: Kitty, Goldman Sachs, Goldman, , Alex Harring, Sarah Min, Michelle Fox Organizations: UBS, GameStop, Boeing, Verizon, Intercontinental Exchange, Nvidia
Boeing said Monday that it will buy back its struggling fuselage maker Spirit AeroSystems in an all-stock deal that the planemaker has said will improve safety and quality control. It said it agreed to pay $37.25 a share in Boeing stock for Spirit, giving the aerospace company an equity value of $4.7 billion. Including Spirit's debt the deal has a transaction value of $8.3 billion Boeing said. Spirit's shares closed Friday at $32.87 a share, giving it a market capitalization of about $3.8 billion. In 2005, Boeing spun off operations in Kansas and Oklahoma that became the present-day Spirit AeroSystems.
Persons: Dave Calhoun, Pat Shanahan Organizations: Boeing, Alaska Airlines, Spirit, Airbus, Calhoun Locations: Wichita , Kansas, Kansas, Oklahoma, Belfast , Northern Ireland, North Carolina
New York CNN —Boeing has agreed to buy Spirit Aerosystems, one of its major suppliers and manufacturing partners, as part of its plan to overhaul the aircraft maker’s badly damaged safety reputation. Boeing in March announced its intention to buy Spirit, saying recombining the companies would boost safety. Spirit AeroSystems makes major parts of several Boeing models, including the fuselages for the 737 Max. The company also makes parts for Boeing’s rival Airbus, although Boeing is Spirit’s largest customer. The first group of employees removed the door plug to address problems with rivets that were made by Spirit AeroSystems.
Persons: Spirit’s, , Dave Calhoun, AeroSystems, Max, Sprit, Spirit Aerosystems, CNN’s Chris Isidore Organizations: New, New York CNN, Boeing, Spirit, Airbus, Alaska Airways, US Justice Department Locations: New York
CNBC Daily Open: Boeing 'guilty plea,' French far-right gains
  + stars: | 2024-07-01 | by ( Abid Ali | ) www.cnbc.com   time to read: 1 min
In this article .N225NKENDAQBA.DJI Follow your favorite stocks CREATE FREE ACCOUNTThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Traders work on the floor of the New York Stock Exchange during morning trading on July 06, 2023 in New York City. Michael M. Santiago | Getty ImagesWhat you need to know todayGet the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. SubscribeThe bottom line
Persons: Michael M Organizations: CNBC, New York Stock Exchange, Santiago, Getty Locations: New York City
Boeing to buy Spirit AeroSystems in $4.7 billion deal
  + stars: | 2024-07-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoeing to buy Spirit AeroSystems in $4.7 billion dealCNBC's Phil LeBeau joins 'Squawk Box' to report on Boeing as the plane maker announces plans to buy fuselage maker Spirit AeroSystems in a $4.7 billion deal.
Persons: Phil LeBeau Organizations: Boeing
CNN —The government of China now possesses something that no other humans have ever encountered — rocks and soil from the far side of the moon. NASA Administrator Bill Nelson told CNN he’s “pleased to hear CNSA intends to share” the materials collected by the Chang’e-6 lunar probe last month. NASA Administrator Bill Nelson, shown here during a pre-launch news conference on Boeing's first crewed spacecraft, the Boeing Starliner, on May 3, said he's "pleased" China intends to share the lunar far side samples. China opened those samples to international scientists for the first time last August, and Nelson has given NASA-funded researchers the green light to apply for access. TheUS government has not landed a robotic spacecraft on the moon since 1968, but NASA is currently funding the development of lunar landers by private companies through its Commercial Lunar Payload Services, or CLPS program.
Persons: , Liu Yunfeng, Bill Nelson, CNN he’s “, CNSA, ” Nelson, he's, Miguel J, Rodriguez Carrillo, Bian Zhigang, Nelson, Artemis, Joel Kowsky, Artemis III, Odie Organizations: CNN, NASA, China National Space Administration, Boeing, AFP, Getty, Federal Bureau of Investigation, Apollo, Soviet, Soviet Union —, , Beijing, Orion, Kennedy Space Center, NASA NASA, SpaceX, Payload Services, Astrobotic Technologies Locations: China, United States, Beijing, Soviet Union, Nelson, Florida
CNN —Thirty passengers were injured after a flight from Madrid to Uruguay was hit by “strong turbulence” and had to make an emergency landing in Brazil, Spanish airline Air Europa said on Monday. “Our flight UX045 bound for Montevideo has been diverted to the Natal airport (Brazil) due to strong turbulence,” Air Europa said in a post on X. The plane has the capacity to hold up to 339 passengers, according to Air Europa’s website. The Spanish airline said that another plane was set to depart later on Monday from Madrid and pick up the passengers stranded in Brazil to continue their journey to Uruguay. Air Europa added that anyone who is in need of healthcare is being treated in Brazil’s Natal airport.
Organizations: CNN, Air Europa, Boeing, Air Europa’s Locations: Madrid, Uruguay, Brazil, Spanish, Montevideo, Natal, Brazil’s Natal
Boeing said on Monday that it had agreed to buy a major supplier, Spirit AeroSystems, ending a nearly two-decade experiment in outsourcing production of major components of its commercial planes, including the body of the 737 Max and parts of the 767, 777 and 787. In buying Spirit, Boeing hopes to stem quality problems that have plagued the supplier in recent years. While it already has significant influence over Spirit, Boeing will more easily be able to monitor and change production practices by owning the business outright. The deal, which was widely expected, was valued at $4.7 billion in stock or $8.3 billion including Spirit’s debt. Boeing said its acquisition of Spirit is expected to close by the middle of next year.
Persons: , Dave Calhoun Organizations: Boeing, Airbus
Airbus has agreed to acquire assets of Spirit AeroSystems for $1. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAirbus has agreed to buy assets from a major aviation supplier for a symbolic $1 price tag, the planemaker announced Monday. Spirit AeroSystems, which was part of Boeing before being spun off in 2005, is being carved up following January's Alaska Airlines blowout. Boeing is paying $4.7 billion to buy back Spirit AeroSystems, the companies announced Monday.
Persons: , AeroSystems Organizations: Airbus, Boeing, Alaska Airlines, Service, Business
CNBC Daily Open: U.S. seeks Boeing guilty plea
  + stars: | 2024-07-01 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. On Friday, the S&P 500 and Nasdaq hit record highs before pulling back. Boeing 'guilty plea'U.S. prosecutors plan to seek a guilty plea from Boeing over a charge related to two fatal 737 Max crashes in 2018 and 2019, attorneys for the victims' family members said. [PRO] Rally will broadenThe tech sector has driven market performance in 2024, with the S&P 500 tech group up 28% and Nvidia soaring 149%, while small-caps have lagged.
Persons: Max, John Donahoe, Morgan Stanley, Stifel, Gregory Greene, Mary Daly, CNBC's Andrew Ross Sorkin, John Stoltzfus, Lisa Kailai Han Organizations: Dow Jones, Nasdaq, CNBC, Hezbollah, Boeing, U.S, The Justice, DOJ, Nike, Federal Reserve, San Francisco Fed, Nvidia Locations: Israel, Iran, Gox, Japanese
U.S. prosecutors plan to seek a guilty plea from Boeing over a charge tied to two fatal crashes of 737 Max planes, attorneys for the victims' family members said Sunday, blasting a potential agreement as a "sweetheart deal." Boeing declined to comment, and it wasn't immediately clear if it would accept a plea deal. The DOJ said in May that it was reviewing whether Boeing violated a 2021 settlement that protected Boeing from federal charges. The company agreed to pay a $2.5 billion penalty for a conspiracy charge tied to the 2018 and 2019 crashes of its best-selling 737 Max planes, which killed all 346 people on the two flights. That system was later implicated in the two crashes, the DOJ said in 2021.
Persons: wasn't, Department didn't Organizations: Alaska Airlines Flight, Boeing, National Transportation Safety Board, U.S, Department, DOJ, Alaska Airlines, Federal Aviation Administration Locations: Alaska, Portland , Oregon, U.S
Boeing earlier reached a deferred prosecution deal with the DOJ for two fatal crashes in 2018 and 2019. The DOJ now plans to charge Boeing with fraud after officials found Boeing violated that deal. The new plea deal doesn't hold Boeing accountable for the deaths, an attorney for the families told BI. AdvertisementFamilies of the victims of the two fatal Boeing 737 Max crashes are denouncing a plea deal the Justice Department is preparing to offer the airplane manufacturer, an attorney representing some of those families told Business Insider. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Boeing, DOJ, Service, Justice Department, Business, Federal, Bloomberg
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