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New York CNN —United Airlines is asking its pilots to take voluntary unpaid leave in May because of delays in Boeing deliveries, according to a memo sent by the union representing pilots. Because of the delivery delay, “our forecasted block hours for 2024 have been reduced and we are offering our pilots voluntary programs for the month of May to reduce excess staffing,” United Airlines said in a statement Monday. The Federal Aviation Administration is taking a closer look at United after a series of almost a dozen incidents at the airline, United said in a March memo. On March 15, a United Boeing 737-800 landed in Medford, Oregon, missing an external panel, though no passengers were injured. Boeing has been in the spotlight since the Alaska Airlines Boeing 737 Max 9 incident.
Persons: United, Scott Kirby, ” Kirby, Chris Isidore, Pete Muntean, Gregory Wallace Organizations: New, New York CNN — United Airlines, Boeing, ” United Airlines, Federal Aviation Administration, United, Airbus, Alaska Air, Max, American Airlines, Delta Air Lines, United Boeing, Alaska Airlines Boeing Locations: New York, Covid, Alaska, Medford , Oregon, United
“Ah, it’s a Boeing Max,” I exclaimed to my travel companions after we boarded our plane a few weeks ago. I looked to see if we were seated next to a hidden door plug panel like the one that blew out on Alaska Airlines Flight 1282 in January. But the bad news wasn’t over: On Thursday, a New York Times investigation reported a disturbing pattern of sloppy safety procedures and dangerous cost-cutting. One expert who had spent more than a decade at Boeing told The Times, “The theme is shortcuts everywhere — not doing the job right.”Is it any wonder that some travelers are trying to avoid Boeing planes? The biggest danger of all may be understaffed air traffic controllers and overstuffed runways, which lead to far too many near misses.
Persons: , hasn’t Organizations: Boeing Max, Alaska Airlines, Federal Aviation Administration, Boeing, Senate, New York Times, Times, United Airlines
Seven people were taken to hospital following a United Airlines flight on Friday. The flight from Tel Aviv to Newark experienced "severe turbulence." It was forced to land at New York Stewart International Airport due to a "passenger medical emergency." AdvertisementSeven people were taken to hospital after a United Airlines flight bound for Newark experienced "severe turbulence" on Friday, officials said. Business Insider has contacted United Airlines and the Federal Aviation Administration (FAA) for comment.
Persons: , United, Michael Bigg, Bigg, Max, Scott Kirby, Kirby Organizations: United Airlines, New York Stewart, Service, Newark, New York Stewart International, Federal Aviation Administration, CNN, Windsor Emergency Medical Service, New, New York International Airport, Newark Liberty International Airport, NBC News, FAA, CBS, Airlines, Alaska Airlines Locations: Tel Aviv, Newark, New, Windsor, New York, United, Israel, Gaza, San Francisco, Paris, Denver
It makes him the second successive chief to go after a 737 Max crisis. AdvertisementOn Monday morning, Dave Calhoun became the second successive Boeing CEO to lose his job in the wake of a 737 Max crisis. Muilenburg was terminated as the planemaker fought for its reputation after 346 people died in two 737 Max 8 crashes in 2018 and 2019. After the longest-ever grounding for a US airliner, the 737 Max was ungrounded 10 months into Calhoun's reign. Win McNamee/Getty ImagesMost people's concerns about the 737 Max looked to have been assuaged, until the Alaska Airlines blowout on January 5.
Persons: Dave Calhoun, , Stan Deal, Calhoun, Boeing's, Dennis Muilenburg, Muilenburg, Max, Dennis, Win McNamee, Bob Clifford, Timothy Hubbard, Hubbard, Clifford, DAVID RYDER, Critics, Justin Green, Green Organizations: Boeing, Service, Airbus, Federal Aviation Administration, MCAS, Alaska Airlines, National Transportation Safety, Justice, FBI, Ethiopian, Alaska Air, United Airlines, Boeing's, Street Journal, The, Current, Business, University of Notre Dame, CNBC Locations: MCAS, Southwest , Alaska, Calhoun, Virginia, Seattle, Boeing's, Renton , Washington
In February last year, a new Southwest Airlines Boeing 737 Max plane was on one of its first flights when an automated stabilizing system appeared to malfunction, forcing the pilots to make an emergency landing soon after they took off. Less than two months later, an Alaska Airlines 737 Max plane with eight hours of total flight time was briefly grounded until mechanics resolved a problem with a fire detection system. And in November, an engine on a just-delivered United Airlines 737 Max failed at 37,000 feet. These incidents, which the airlines disclosed to the Federal Aviation Administration, were not widely reported. But since Jan. 5, when a panel on a two-month-old Alaska Airlines 737 Max 9 jet blew off in midair, episodes like these have taken on new resonance, raising further questions about the quality of the planes Boeing is producing.
Persons: Max, , Joe Jacobsen Organizations: Southwest Airlines Boeing, Alaska Airlines, United Airlines, Federal Aviation Administration, Max, Boeing Locations: Alaska
Ahead of Wednesday's Monthly Meeting, here's a look at the best-performing Club stocks since Feb. 23, the session before the annual gathering, through Tuesday's close. NVDA mountain 2024-02-23 Nvidia's stock performance since the close of Feb. 23, 2024. DIS mountain 2024-02-23 Disney's stock performance since the close of Feb. 23, 2024. ETN mountain 2024-02-23 Eaton Corp.'s stock performance since the close of Feb. 23, 2024. STZ mountain 2024-02-23 Constellation Brands' stock performance since the close of Feb. 23, 2024.
Persons: Bob Iger, Nelson Peltz's Trian, Peltz, Eaton, it's, didn't, Wedbush, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Lam, Fei Organizations: Nvidia, Blackwell, Apple's, Disney, Club, ESPN, Nelson Peltz's Trian Partners, Eaton Corp, Street, Federal Aviation Administration, Boeing, Wall Street, Constellation Brands, Nielsen, Wedbush Securities, Wine, DuPont, Barclays, CNBC, Nvidia Corp, Bloomberg, Getty Locations: U.S, Tuesday's, STZ, Taipei, Taiwan
Boeing needs to be led by engineers if it wants to pull itself out of its current crisis, Tim Clark, the president of Emirates Airline, said in comments Wednesday. "To fix Boeing's issues the company needs a strong engineering lead as its head coupled to a governance model which prioritizes safety and quality," said Clark, who leads Dubai's flag carrier Emirates. Aviation analysts and former Boeing employees have criticized the company's reported sidelining of engineers in its senior management ranks. Boeing CEO Dave Calhoun will also step down at the end of 2024. "Whether, yet again, this changing of the guard will resolve Boeing's issues only time will tell, but time, unfortunately, is not on their side," Clark said.
Persons: Tim Clark, Max, Clark, Stan Deal, shakeup, Stephanie Pope, Dave Calhoun Organizations: Boeing, Emirates Airline, Alaska Airlines, Federal Aviation Administration, Justice Department, FAA, Max, Emirates, Machinists, Aviation, CNBC
BA YTD mountain Boeing stock has slumped more than 26% from the start of the year after the Alaska Airlines 737 Max controversy. Stifel The firm has a buy rating on Boeing stock with a $270 per share price target, or 41% upside from Monday's close. TD Cowen TD Cowen has a buy rating on Boeing stock with a $230 per share price target, or 20% above Monday's close. JPMorgan maintains an overweight rating on Boeing with a $230 per share price target, or about 20% above Monday's close. JPMorgan maintains an overweight rating on Boeing stock with a $230 per share price target, or about 20% moving forward.
Persons: shakeup, Max, David Calhoun, Calhoun isn't, Larry Kellner, Stan Deal, Stephanie Pope, Pope, Calhoun, Bert Subin, Max —, Bank of America Bank of America's Ronald Epstein, TD Cowen TD Cowen, TD Cowen, Cai von Rumohr, Dave Calhoun, Morgan Stanley Morgan Stanley's Kristine Liwag, David Calhoun's, Wolfe, Wolfe Research Wolfe, Myles Walton, Seth Seifman, Seth M, Seifman Organizations: Alaska Airlines, Boeing, Bank of America Bank of America's, Wolfe Research, JPMorgan, FAA, Federal Aviation Administration Locations: Calhoun, Alaska
Qantas pilots safely landed a plane with a single engine in Perth. Engine failure is rare, but it's not the first time a Qantas engine has had issues. These aircraft are designed to safely operate with one engine," Qantas told The West Australian. AdvertisementIt's not the first time Qantas pilots have had to turn off an engine to land safely. In January 2023, pilots landed a Qantas flight flying from Auckland to Sydney after one of the engines failed while crossing the Tasman Sea.
Persons: it's, , they'd, Lachlan Britt, Darrell Weekes, Doug Drury, you'd, Drury Organizations: Qantas, Service, West, The West Australian, Airbus, West Australian, Business, The West, Australian Broadcasting Corporation, University of Bologna, Federal Aviation Administration, Central Queensland University, CNN Locations: Perth, Melbourne, Australia, Auckland, Sydney
Boeing CEO Dave Calhoun has resigned and is set to leave at the end of the year. He's not the first leader of the company to leave amid recent safety concerns — and he's likely to do so with a big payout. "I've entered my fifth year," Calhoun told CNBC, referring to his time at Boeing. AdvertisementHow much Calhoun will get after his exit from Boeing will depend on how the aircraft maker's stock price moves. A Boeing spokesperson told Business Insider the company will outline details of Calhoun's compensation in company filings over the "coming weeks."
Persons: Dave Calhoun, Calhoun, Dennis Muilenburg, , He's, I've, Ben Silverman, Fortune, Max Organizations: Service, Boeing, CNBC, Alaska Airlines, Federal Aviation Administration, Department of Justice, National Transportation Safety Board
Boeing announced that Dave Calhoun is stepping down as CEO at the end of this year. AdvertisementDave Calhoun plans to resign as Boeing's CEO at the end of this year, the company announced Monday. In December 2019, former Boeing CEO Dennis Muilenburg was fired after two crashes involving a different Max variant, the Max 8, killed 346 people in 2018 and 2019. Advertisement"As you all know, the Alaska Airlines Flight 1282 accident was a watershed moment for Boeing," Calhoun said in a memo to employees announcing the change. The CEO told CNBC that he would weigh in on who becomes the next CEO, but he said the board will ultimately make the decision.
Persons: Dave Calhoun, Calhoun, , I've, Dennis Muilenburg, Max, Stephanie Pope, Stan Deal, Larry Kellner Organizations: Boeing, Service, CNBC, Alaska Airlines, Federal Aviation Administration, Department of Justice, National Transportation Safety, Boeing Commercial Airplanes
[About 70% of investors now think a rate cut will occur in June, according to the CME FedWatch tool.] Goldman Sachs is currently predicting a 15% chance of recession over the next 12 months, down from 35% last year. Seeing that happen made us more confident that the Fed wouldn’t be forced to cause a recession in order to get inflation down. The reason we say 15% risk is because that is roughly the historical unconditional average. So a 15% recession rate is baseline for you, it will never go below that number?
Persons: Dow, Bell, David Mericle, Goldman Sachs, It’s, it’s, we’ve, I’m, Samantha Delouya, authority’s, ” United, Joe Biden Organizations: New, New York CNN, Federal Reserve, Dow Jones, Goldman Sachs ’, Bell, National Bureau of Economic, FAA, United, Federal Aviation Administration, United Airlines, United Boeing, , Federal Communications Commission, Program, Lawmakers, ACP, FCC Locations: New York, We’re, Medford , Oregon
The FAA is upping its oversight of United Airlines following a spate of safety events. A tire fell off a United Boeing 777 and another plane veered off the runway, among others. Bloomberg reports United is being stopped from approving new pilots and may not be allowed to add new routes. AdvertisementUnited Airlines is facing tighter scrutiny from the Federal Aviation Administration following a string of safety incidents. The moves could hamper the airline's "United Next" plan, which aims to expand its capacity with 800 new jets by 2032.
Persons: , Sasha Johnson Organizations: FAA, United Airlines, United Boeing, Bloomberg, Service, Airlines, Federal Aviation Administration, Business, Boeing, Max, Houston Intercontinental Airport, Alaska Airlines
737 Max 9 blowoutA gaping hole where the paneled-over door had been on Alaska Airlines Flight 1282. NTSB/APIn January, a Max 9 door plug blew out on an Alaska Airlines flight that took off from Portland, Oregon. Boeing's CEO, Dave Calhoun, hosted an all-hands meeting with employees shortly after the incident. "We're going to approach this, number one, acknowledging our mistake," Calhoun said at a 737 Max factory in Washington, according to multiple media outlets. Less than two weeks before that episode, Boeing had asked airlines to inspect all its 737 Max planes for loose bolts.
Persons: Max, Dave Calhoun, Calhoun, he's, Organizations: Max, Alaska Airlines, AP, Regulators, United Airlines, Federal Aviation Administration, Boeing's, Boeing Locations: Portland , Oregon, Alaska, United, Washington
Masimo — The medical technology company climbed nearly 5%. Wells Fargo upgraded the stock to overweight from equal weight in light of the news. Super Micro Computer — The chip stock jumped nearly 10% after JPMorgan initiated coverage of the high-flying name. Foot Locker — Shares jumped 7% after Evercore upgraded shares to outperform from in line. Digital World Acquisition Corp. — The special purpose acquisition company leapt 26% after shareholders approved a merger with former President Donald Trump's social media company Trump Media & Technology Group, which owns Truth Social.
Persons: David Calhoun, Larry Kellner, Masimo, Wells Fargo, Samik Chatterjee, Chipmakers, Nelson Peltz's, Bob Iger, Evercore, Foot, Wedbush, GameStop's, Donald Trump's, Alex Harring, Jesse Pound, Hakyung Kim, Pia Singh, Sarah Min Organizations: Boeing, JPMorgan, Department of Energy, Semiconductor, Micron Technology, Nvidia, VanEck Semiconductor, Disney, Barclays, Fund Management, Mizuho, GameStop, Trump Media & Technology Group, Trump Media, United Airlines —, Reuters, U.S . Federal Aviation Administration, United Airlines Locations: Wells, Cleveland, Department of Energy . Cleveland, Ohio, Pennsylvania
Boeing CEO Dave Calhoun is stepping down. Calhoun was appointed CEO of Boeing after the planemaker's former CEO, Dennis Muilenburg, stepped down in December 2019 following two crashes of another Max variant, the Max 8. Calhoun also said that Boeing Chair Larry Kellner wouldn't be standing for reelection, with Steve Mollenkopf elected by the board as his replacement. Calhoun added that Stan Deal, the CEO of Boeing Commercial Airplanes, was retiring and would be replaced by Stephanie Pope, effective immediately. I also want to thank Stephanie for taking on this critical role.
Persons: Dave Calhoun, Calhoun, Dennis Muilenburg, Max, Calhoun didn't, Larry Kellner wouldn't, Steve Mollenkopf, Stan Deal, Stephanie Pope, He'd, Read, Larry Kellner, Larry, Steve, Stan, Stephanie, Dave Organizations: Boeing, Alaska Airlines, Max, Federal Aviation Administration, Qualcomm, Boeing Commercial Airplanes, BCA
Boeing CEO David Calhoun will step down from the embattled plane maker at the end of the year as part of a broad management shakeup Monday after a series of mishaps at one of America's iconic manufacturers. Stephanie Pope, the company's chief operating officer for less than three months, has taken over leadership of the key division. Boeing has been under intense pressure since early January, when a panel blew off a brand-new Alaska Airlines 737 Max. Airline executives have expressed their frustration with the company, and even minor incidents involving Boeing jets have attracted extra attention. Pope, 51, was promoted to Boeing chief operating officer only in January.
Persons: David Calhoun, Stan Deal, Stephanie Pope, Lawrence Kellner, Calhoun, , Max, , ” Calhoun, Dennis Muilenburg, Brian West, Steven Mollenkopf, Jason Gursky, Pope, Gursky, Richard Aboulafia, Patrick Shanahan —, Trump, AeroSystems, ” Cai von Rumohr, Cowen, Michael O’Leary, he’s, Michelle Chapman Organizations: Qualcomm, Boeing, Alaska Airlines, Max, Federal Aviation Administration, FAA, Citi, U.S, Defense, Irish, Ryanair, , Boeing Co, AP Locations: Seattle, Indonesia, Ethiopia, Arlington , Virginia, Alaska, Calhoun, New York
“Due to recent safety events, the FAA is increasing oversight of United Airlines to ensure that it is complying with safety regulations; identifying hazards and mitigating risk; and effectively managing safety,” an FAA spokesperson said in a statement. The civil aviation authority’s stepped up oversight comes after a United Boeing 737-800 landed in Medford, Oregon, missing an external panel on March 15. In just the last month, another United Boeing plane spewed flames from an engine after taking off, one slid off the runway, one lost a wheel during takeoff and another trailed hydraulic fluid. The FAA did not specify what future projects may be delayed by its evaluation, but on Saturday, Bloomberg reported the agency is considering preventing United Airlines from adding new routes, curbing the airline’s growth. Last week, a LATAM Airlines Boeing plane flying from Sydney, Australia, to Auckland, New Zealand, suddenly plunged in midair, injuring some passengers as they were thrown to the cabin’s ceiling.
Persons: authority’s, ” United, , CNN’s Gregory Wallace, Chris Isidore, Pete Muntean Organizations: CNN, Federal Aviation Administration, United Airlines, FAA, United Boeing, Boeing, Bloomberg, United, , Alaska Airlines Boeing, Max, LATAM Airlines Boeing Locations: Medford , Oregon, United, Sydney, Australia, Auckland , New Zealand
Read previewThe space business is in bloom and, so far, it's largely unregulated. Other space startups have ambitions including asteroid mining, in vitro fertilization (IVF) in space, and space hotels. As space startups and billionaires vie for a foothold on the moon and beyond, experts say governments probably need to start setting some ground rules. Seven of the world's 10 biggest commercial space operators are based in the US, according to the Organisation for Economic Co-operation and Development. AdvertisementIn another vein, last year Florida passed a bill to protect space companies and their owners from getting sued over spaceflight passenger death or injury.
Persons: , Jeff Bezos's, Elon Musk, Bezos, NASA What's, George Nield, Galileo, Joel Kearns, Richard Branson, Galactic's, Lyndon B, Johnson, Jeff Bezos, Joe Raedle, Michelle Hanlon, Jared Isaacman, William Shatner, Hanlon Organizations: Service, NASA, Houston, SpaceX, Business, Northeastern University, Federal Aviation Administration's, Space Transportation, JPL, FAA, Virgin Galactic, Virgin, Getty, Artemis Accords, Hague Institute, Global Justice, Washington, Companies, Shepard, Center for Air, Space, University of Mississippi School of Law, titans, US International Trade Commission, Organisation for Economic Co, Federal Communications Locations: Mars, Russia, China, Blue, Florida
CNN —The Federal Aviation Administration will take a closer look at safety at United Airlines after a string of nearly a dozen incidents this month, the airline said in a memo Friday. While no passengers were injured, the incident was just one in a line of recent mishaps on United flights – all involving Boeing jets. In just the last month, another United Boeing plane spewed flames from an engine after taking off, one slid off the runway, one lost a wheel during takeoff, and yet another trailed hydraulic fluid. In a statement, the FAA said its “safety assurance system routinely monitors all aspects of an airline’s operation. Still, United Airlines CEO Scott Kirby has said he would look into the possibility of buying more jets from Airbus, Boeing’s European competitor.
Persons: ” United, Scott Kirby, Pete Muntean, Chris Isidore Organizations: CNN, Federal Aviation Administration, United Airlines, FAA, , United Boeing, Boeing, Alaska Airlines Boeing, Max, LATAM Airlines, National Transportation, Safety, Alaska Air, Airbus, Boeing’s Locations: Medford , Oregon, United, Sydney, Australia, Auckland , New Zealand
The Federal Aviation Administration will scrutinize United Airlines’ operations more closely in coming weeks after a spate of recent safety incidents, the airline told employees in a memo on Friday. “We will begin to see more of an F.A.A. presence in our operation as they begin to review some of our work processes, manuals and facilities,” Sasha Johnson, a vice president of corporate safety at the airline, said in the memo. said in a statement that it “routinely” monitored airline operations. The agency said it “focuses on an airline’s compliance with applicable regulations; ability to identify hazards, assess and mitigate risk; and effectively manage safety.”
Persons: , ” Sasha Johnson, Organizations: Federal Aviation Administration, United Airlines
Larger wind turbines produce more power than standard ones, but the components are too big to be transported by road. Meet the WindRunner airplane, whose mission will be to deliver gigantic 300-foot-long blades directly to wind farms. So WindRunner will have a cargo bay volume of 272,000 cubic feet, enough to hold three Olympic swimming pools. That’s 12 times the volume of a Boeing 747-400 and – at 356 feet in length, it’s 127 feet longer too. Currently, turbine blades today are ordinarily 230 feet or less (70 meters), but Radia wants to deploy blades of up to 104 meters (341 feet).
Persons: CNN —, Radia, Mark Lundstrum, Energy Ernest Moniz, Malcolm Turnbull, It’s Organizations: CNN, Boeing, FAA, Federal Aviation Administration, Bloomberg, XXL, MIT, Radia, Royce, Energy, Beluga XL, Airbus Locations: Colorado, Ukraine
United Airlines CEO Scott Kirby on Monday sought to reassure customers about the carrier's safety after a series of flight problems in recent weeks. In another, a missing panel from the plane was discovered after the older Boeing 737 landed in Oregon on Friday. "Safety is our highest priority and is at the center of everything we do," Kirby said in an email to customers. "Unfortunately, in the past few weeks, our airline has experienced a number of incidents that are reminders of the importance of safety." The string of recent mishaps occurred during heightened scrutiny of the aviation industry after a door plug panel blew off of an Alaska Airlines ' nearly new Boeing 737 Max 9 on Jan. 5.
Persons: Scott Kirby, Kirby Organizations: United, Boeing, Federal Aviation Administration, Alaska Airlines Locations: Japan, San Francisco, Oregon
CNN —Running to the tail of Boeing’s 787 Dreamliner is an umbilical cord carrying a rapid play-by-play of virtually every flight feature. The 787 Dreamliner — one of Boeing’s more recently developed aircraft — feeds data into the flight data recorder through a system called the Common Data Network, which some compare to the human body’s central nervous system. The Federal Aviation Administration used this data after ungrounding Boeing’s 737 Max in late 2020 to track every Max flight. Some aircraft also carry a Quick Access Recorder (QAR) that is not hardened like the FDR but tracks the same data. When US Air flight 427 crashed three years later near Pittsburgh, the FDR recorded 11 parameters.
Persons: FDR, , Peter Goelz, Goelz, Kathleen Bangs, Max Organizations: CNN, FDR, LATAM Airlines, Street Journal, National Transportation Safety Board, US National Transportation Safety Board, International Civil Aviation Organization, Federal Aviation Administration, Aircraft Communications, United Airlines, US Air, NTSB Locations: France, Australia, United Kingdom, Pittsburgh
A California family survived a plane crash with only minor injuries by deploying a parachute system. The parachute opened above the plane and slowed its descent before it crashed into woodland. AdvertisementA California family, including a man, a woman, and a 2-year-old girl, survived a plane crash with only minor cuts and scratches after deploying a parachute system. AdvertisementQuincy Cromer, a spokesperson for the Mendocino County Sheriff's Office, said that it was a "miracle" that the family had escaped with such minor injuries. Advertisement"Even with the parachute the parties involved were extremely fortunate to only receive minor injuries," the department wrote.
Persons: , MCSO, Quincy, they've Organizations: Service, ABC7, Fire Department, Federal Aviation Administration, National Transportation Safety Board, Cirrus Owners, Pilots Association Locations: California, Mendocino County, Whitethorn , California, Quincy Cromer
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