Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "” Boeing"


25 mentions found


But its more serious problems – ongoing massive losses, quality and safety problems – are as bad as ever, and could even get worse. Renewed problems in ChinaAmong the most serious problems Boeing faces is President-elect Donald Trump’s promise to impose large tariffs on imports from China. “There needs to be a full accounting for everything they do.”Need for new planesAnd there’s yet more mess Boeing needs to sort out. Ortberg told investors last month that Boeing needs to reduce its portfolio and repair its balance sheet so that Boeing has “a path to the next commercial aircraft.”The good news for Boeing is it is in little danger of going out of business, despite its many problems. And Airbus has a backlog of orders stretching back years, as does Boeing, so airline customers can not easily switch orders from one to the other.
Persons: New York CNN —, It’ll, Kelly Ortberg, “ We’re, Donald Trump’s, Trump’s, , Richard Aboulafia, Max, , Ortberg Organizations: New, New York CNN, Boeing, Trump, Airbus, Federal Aviation Administration, Alaska Airlines, FAA, Alaska Locations: New York, China
Boeing and its machinists’ union have reached a new contract proposal, the union said Saturday, outlining a deal that could end a more than month-long strike that has hobbled the manufacturers’ aircraft production. The new proposal includes 35% wage increases over four years, a higher signing bonus of $7,000, guaranteed minimum payouts in an annual bonus program and higher 401(k) contributions among other changes. Acting U.S. Secretary of Labor Julie Su met with both parties earlier this week. Boeing later made a sweetened offer but the union blasted it saying it was not negotiated. On Oct. 11, he announced job cuts of 10% of Boeing’s workforce and that the company will stop making 767s when orders are fulfilled in 2027.
Persons: Labor Julie Su, Kelly Ortberg Organizations: Boeing, Labor, U.S, International Association of Machinists, Aerospace Workers
Tentative deal announced to end Boeing strike
  + stars: | 2024-10-19 | by ( Chris Isidore | ) edition.cnn.com   time to read: +6 min
New York CNN —A tentative deal has been reached to end the five-week-long strike at troubled aircraft maker Boeing, the union announced to its 33,000 striking members early Saturday. Rank-and-file already nearly unanimously rejected a previous tentative agreement, precipitating the first strike at the company in 16 years. Many union members had expressed anger over the loss of the pensions. The union credited Acting Labor Secretary Julie Su with brokering the deal in indirect talks between the union and management. A week after that deal was rejected, Boeing improved its offer to 30% in wage increases over the four-year deal, terming that its best and final offer.
Persons: Kelly Ortberg, Julie Su, Su, Max Organizations: New, New York CNN, Boeing, International Association of Machinists, International Longshoremen’s Association, Gulf, Airbus, Alaska Airlines, Federal Aviation Administration Locations: New York
Less than two months into his tenure as CEO, Ortberg has largely understood the assignment. See here: We’re nearly two weeks into a strike by Boeing’s largest labor union. Initially, Ortberg seemed to have buy-in from labor leaders, who publicly acknowledged that the new boss was walking into a conflict that predated him by 16 years. All of that gave the new boss, who spent his first day at work touring a factory floor, a kind of pro-labor halo. “This tactic is a blatant show of disrespect” to union members and the bargaining process, the International Association of Machinists wrote Monday.
Persons: CNN Business ’, Kelly Ortberg, Ortberg, , , International Association of Machinists, , “ We’ve, Wheaton, ” Wheaton, ’ …, ” It’s, it’s, ” Ortberg, It’s, Richard Aboulafia, ” Aboulafia, what’s, , CNN’s Chris Isidore Organizations: CNN Business, New York CNN, Boeing, machinists, International Association of, Cornell University’s School of Industrial and Labor Relations Locations: New York, what’s
New York CNN —The US Department of Justice on Wednesday for the first time shared details of its finalized plea deal agreement with Boeing, in which the troubled aviation company will plead guilty to a felony charge of defrauding the US government. The plea deal is subject to approval of a federal judge. “We will continue to work transparently with our regulators as we take significant actions across Boeing to further strengthen our safety, quality and compliance programs,” Boeing said in a statement. It had already paid half the fine as part of the original plea deal in 2021. The families of victims of two fatal crashes of the 737 Max oppose the deal, the Justice Department said.
Persons: , Max, Organizations: New, New York CNN, US Department of Justice, Boeing, Federal Aviation Administration, Justice Department, Alaska Airlines Locations: New York, United States
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
New York CNN —If you’re a PR person, I can’t possibly think of a harder job right now than working at Boeing. Boeing held a press conference from a factory in Renton, Washington, on Thursday to talk about quality improvements. But strangely enough, Boeing sharing that information itself got Boeing in trouble with the NTSB. Clean up, clean up everybody everywhereWhen the NTSB’s statement went out, Boeing’s PR team went back into crisis clean-up mode. At the same time, rules are rules no matter how hypocritical they are.
Persons: It’s, they’d, Max, Elizabeth Lund, Lund, Gregory Wallace, Chris Isidore, ” Lund, , that’s Organizations: New, New York CNN, Boeing, Alaska Airlines, Senate, National Transportation Safety Board, NTSB, , Department of Justice, CNN, Boeing’s PR Locations: New York, Renton , Washington
CNN —After a successful launch that was a decade in the making, Boeing’s Starliner mission is navigating new issues en route to the International Space Station, according to NASA. The space agency said late Wednesday in a post on X that two additional helium leaks had been detected on the vehicle. “Teams have identified three helium leaks on the spacecraft. “Looks like we picked up a couple more helium leaks,” mission control told the astronauts, as heard on the broadcast. It is still unclear what the impact of the leaks will be, but all indications are that the plan is still for Starliner to dock at the International Space Station on Thursday.
Persons: Boeing’s, Butch Willmore, Suni Williams, ” Wilmore, “ Butch, I’m, We’re, Brandon Burroughs, NASA’s Organizations: CNN, International, NASA, Boeing, NASA’s Johnson Space
Washington CNN —Boeing is expected to release a plan this week to fix its endless string of safety issues that have been under federal investigation following a midflight fuselage blowout in January. Since then, the FAA and Boeing have met multiple times about the company’s progress and the plan’s scope. FAA Administrator Mike Whitaker said last week he sees the plan as only the “beginning” of a process for Boeing. Boeing later agreed to financial penalties and a deferred prosecution agreement to settle a criminal charge of defrauding US regulators. Its marching orders for the plan include addressing the audit and expert panel findings and explaining how it will integrate safety and quality assurance policies into practice.
Persons: Mike Whitaker, “ It’s, ” Whitaker, Max, Dave Calhoun, David Ryder, Whitaker, AeroSystems, Brian West, “ We’re, we’ll Organizations: Washington CNN, Boeing, Aviation Administration, FAA, ABC, Air Force, Alaska Airlines, Transportation Safety, Department of Justice, CNN, Employees, Locations: Portland , Oregon, Wichita , Kansas, Renton , Washington
The union says it is trying to appeal a decision not to change the performance evaluation of one of the workers. Boeing says the investigation was part of a confidential process and that the report could only be shared with the FAA. The complaint filed on behalf of the two engineers involves a different issue— the onboard computer networks on the planes. The union says Boeing managers “strongly objected” to rerunning calculations regarding the systems based on new assumptions, citing cost and production delays, but that Boeing ultimately agreed. Boeing re-did the required analysis,” the press release says.
Persons: , SPEEA, , Sam Salehpour, Rich Plunkett Organizations: CNN, Boeing, Federal Aviation Administration, Society of Professional Engineering Employees, Aerospace, National Labor Relations, Boeing’s, FAA, ” Boeing, Strategic
New York CNN —Boeing has achieved the unthinkable this week: It managed to fall even deeper into crisis. It ultimately approved the planes for shipments to airlines in March 2023 after becoming satisfied that Boeing had fixed the problem. Then, during the first weekend of 2024, part of an Alaska Airlines 737 Max blew off the side of the plane just after take-off, and Boeing has been in crisis mode ever since. In February, pilots on a United Airlines 737 Max reported that the flight controls jammed as the plane landed in Newark, New Jersey. The FAA is allowing the planes to continue flying and Boeing said the problem does not pose an immediate safety risk.
Persons: Sam Salehpour, Salehpour, McDonnell Douglas, Max, Boeing hasn’t, Dave Calhoun, Mike Whitaker, Whitaker, What’s, Boeing’s, Airlines, hasn’t Organizations: New, New York CNN, Boeing, US Federal Aviation Administration, FAA, New York Times, Alaska Airlines, National Transportation Safety Board, United Airlines, Airbus, Airlines Locations: New York, Newark , New Jersey
So how does CEO Dave Calhoun still have a job? Boeing said it is working closely with regulators’ investigations and has plans in place to improve safety measures at its production facilities. Boeing’s 737 Max problems would be egregious enough on its own. But Dave Calhoun, Boeing’s chief executive since 2020, remains in his job, as does the entire C-suite at the time of this writing. Boeing hired Calhoun to right the ship.
Persons: New York CNN —, Dave Calhoun, “ It’s, ” Richard Aboulafia, , Max, John Barnett, Barnett’s, , Calhoun, ’ ”, Aboulafia, McDonnell Douglas, , ” Aboulafia, Boeing hasn’t, haven’t, ” Gad Allon, Allon isn’t Organizations: New, New York CNN, Boeing, ” Boeing, Airbus, CNN, University of Pennsylvania’s Wharton School of Business Locations: New York, Australia, New Zealand, Calhoun
How do we solve a problem like Boeing?
  + stars: | 2024-03-13 | by ( Allison Morrow | ) edition.cnn.com   time to read: +6 min
New York CNN —It took decades for Boeing to build a reputation as one of the most reliable companies on the planet. The latest headache for Boeing came Monday, when a 787 Dreamliner flying from Australia to New Zealand plunged suddenly mid-flight, injuring several passengers. It’s not clear what, if any, culpability Boeing has here — it said it’s gathering information about what went wrong. So, how do we solve a problem like Boeing? “This can be really as big as a financial crisis,” considering how many businesses around the world rely on Boeing planes.
Persons: CNN Business ’, Tesla, Brian Jokat, it’s, can’t, ” Gad Allon, , ” Allon isn’t, Matt Stoller, ” Stoller, that’s, “ There’s, ” Allon Organizations: CNN Business, New York CNN, Boeing, American, Regulators, Latam Airlines, CNN, Wall Street Journal, FAA, Airbus, Pilots, University of Pennsylvania’s Wharton School of Business, American Economic Liberties, Boeing isn’t Locations: New York, Australia, New Zealand, American
New York CNN —Dealmaking is the lifeblood of Wall Street. But analysts say that funding cuts in the plan could end up harming mergers and acquisitions on Wall Street, squashing hopes of a recovery in dealmaking. The bad news: Recent regulations and proposed budget cuts threaten to step on those green shoots before they’re able to flower. Why it matters: Dealmaking isn’t just good for Wall Street. Shares of the stock are down nearly 30% so far this year after its seemingly nonstop streak of bad luck.
Persons: New York CNN — Dealmaking, Joe Biden, squashing, It’s, Goldman Sachs, , Lucille Jones, Jones, Mitch Berlin, Biden, , ” Berlin, That’s, Hewlett Packard, , TikTok —, Brian Fung, TikTok, Shou Chew, Nadya Okamoto, Okamoto, Teddy Siegel, Siegel, David Goldman, LATAM, it’s, Max Organizations: CNN Business, Bell, New York CNN, Wall, LSEG, Federal Reserve, Federal Trade Commission, Department of Justice, Congressional, Office, CNN, Discover Financial Services, Hewlett, Juniper Networks, Target, Boeing, Alaska Airlines, United Airlines, The National Transportation Safety, Federal Aviation Administration, FAA, NTSB Locations: New York, dealmaking, EY, Berlin, , LSEG, Australia, New Zealand, Newark
CNN —Investigators probing the Boeing 737 Max blowout say their investigation is being held back by Boeing’s lack of a paper trail for key work. Boeing recently said it has searched for records but believes its employees did not document the work. The letter noted that Boeing has also been unable to provide security footage of the September 2023 work, which included removing and reinstalling the door plug. Boeing told CNN that 30-day record retention policy for security camera footage is standard practice. The letter revealed that the NTSB’s first request to Boeing for relevant employees’ names came on January 9 — four days after the mid-flight incident.
Persons: Jennifer Homendy, Homendy, , Organizations: CNN, Boeing, Max, National Transportation Safety Board, Alaska Airlines, Senate, NTSB, ” NTSB, Transportation Safety Board, Alaska Airlines Flight, Getty, ” Boeing Locations: Boeing’s Renton , Washington, Boeing’s, Portland , Oregon, Ontario , California
Boeing is in big trouble
  + stars: | 2024-03-12 | by ( David Goldman | ) edition.cnn.com   time to read: +4 min
LATAM called it a “technical event.” Boeing said it’s working to gather more information. Between lawsuits, potential fines and lost business, Boeing could lose billions more dollars from the blowout. In February, pilots on a United Airlines 737 Max reported that the flight controls jammed as the plane landed in Newark. The FAA is allowing the planes to continue flying and Boeing said the problem does not pose an immediate safety risk. And the FAA said Boeing’s safety and quality problems extend beyond its inability to produce paperwork.
Persons: CNN —, LATAM, it’s, Max, Mike Whitaker, ” Whitaker, Whitaker, , ” Boeing’s, It’s, CNN’s Colin McCullough, Greg Wallace Organizations: CNN, Boeing, Alaska Airlines, United Airlines, The National Transportation Safety, Federal Aviation Administration, FAA, NTSB Locations: Australia, New Zealand, Newark
The Justice Department has begun a criminal investigation into Boeing after a panel on one of the company’s planes blew out on an Alaska Airlines flight in early January, a person familiar with the matter said. to be conducting an investigation,” Alaska Airlines said in a statement. “We are fully cooperating and do not believe we are a target of the investigation.” Boeing had no comment. On Jan. 5, a panel on a Boeing 737 Max 9 jet operated by Alaska Airlines blew out in midair, exposing passengers to the outside air thousands of feet above ground. The panel is known as a “door plug” and is used to cover a gap left by an unneeded exit door.
Persons: Organizations: Department, Boeing, Alaska Airlines, ” Boeing, Max, National Transportation Safety Board
CNN —Boeing is now party to a new federal investigation involving a 737 Max after United Airlines pilots reported that part of the flight controls became jammed as they landed in Newark last month. The investigation is the latest to involve a nearly-new Boeing 737 Max aircraft following the door plug blowout on an Alaska Airlines 737 Max 9 on January 5. The NTSB says in this latest incident, the 737 Max 8 was delivered from Boeing to United Airlines in February 2023. We’ll continue to work with Boeing, the NTSB and the FAA on next steps for these aircraft,” United said in a statement. “We worked closely with United Airlines to diagnose the rudder response issue,” Boeing said in a statement.
Persons: , , Max, We’ll, ” United, Organizations: CNN, Boeing, Max, United Airlines, National Transportation Safety, NTSB, Alaska Airlines, Collins Aerospace, FAA, , ” Boeing, United Locations: Newark, United
CNN —The Federal Aviation Administration issued a report Monday sharply critical of the safety culture at Boeing, following two fatal crashes and several years of safety and quality issues at the troubled aircraft maker. Its work included conducting more than 250 interviews and reviewing more than 4,000 pages of documents, and focused on both safety culture and the FAA program that delegates some aircraft certification work to Boeing employees. The panel was not charged with reporting on any specific incident involving Boeing aircraft. “However on several occasions during the expert panel’s activities, serious quality issues with Boeing products became public. In particular, it found Boeing repeatedly revised its Safety Management System – or SMS – manual, which is suppose to guide employees on procedures they should follow to insure planes are safe.
Persons: Boeing’s repreated, , Dave Calhoun, Organizations: CNN, Federal Aviation Administration, Boeing, FAA
CNN —The National Transportation Safety Board will release its preliminary report Tuesday on last month’s blowout of a part of an Alaska Airlines Boeing 737 Max 9 flight, NTSB spokesman Eric Weiss told CNN. On a January 5 Alaska flight 1282, the door plug blew off the side of the plane. The door plug fills a space in the fuselage that can otherwise contain an emergency exit door when plane seats are arranged a certain way. CNN has reported that NTSB investigators have been closely scrutinizing the door plug and whether crucial bolts that hold it in place were properly installed when the incident occurred. Meanwhile, the head of the Federal Aviation Administration will tell House lawmakers Tuesday that his agency is “closely scrutinizing” Boeing after last month’s door plug blowout.
Persons: Eric Weiss, Mike Whitaker, Whitaker, , ” Whitaker, Organizations: CNN, Transportation, Alaska Airlines Boeing, Max, Federal Aviation Administration, Boeing, NTSB, FAA Locations: Alaska, United States, Renton , Washington
Boeing on Wednesday said that it would not provide a full-year financial forecast, the clearest indication yet that the company is trying to assure customers that it is prioritizing safety amid growing concerns about its popular 737 Max jets. Even as it announced its quarterly earnings, the company chose to focus instead on discussing quality control. Boeing is trying to stem the fallout from an incident less than four weeks ago in which a hole blew open on an Alaska Airlines 737 Max 9 plane shortly after takeoff. “While we often use this time of year to share or update our financial and operational objectives, now is not the time for that,” Boeing’s chief executive, Dave Calhoun, wrote in a message to employees. Quality concerns have taken on new urgency after news accounts, including in The New York Times, that Boeing workers opened and reinstalled the panel that blew off the plane, known as a door plug.
Persons: , Dave Calhoun Organizations: Boeing, Alaska Airlines, The New York Times
Boeing and Spirit AeroSystems are under multiple investigations that probe their safety policies and procedures. Boeing said it couldn’t comment on the reports about what may have led to the door plug blowing off the plane, citing the ongoing investigation. The process also includes tightening fasteners and performing “detailed inspections of…dozens of associated components.”FAA on Sunday also required airlines to ensure older Boeing 737 planes with similar door plugs were secure. The FAA said airlines operating the Boeing 737-900ER model should visually inspect the planes but didn’t require them to be grounded. Two Max variants — the Max 7 and the Max 10 — are still awaiting approval to begin carrying passengers.
Persons: Max, AeroSystems, Washington Democratic Sen, Maria Cantwell, , David Calhoun, Jennifer Homendy, Ben Minicucci, Lester Holt, Mike Whitaker, Whitaker, , , Wells Organizations: New, New York CNN, Boeing, Alaska Airlines, New York Times, Seattle Times, Federal Aviation Administration, National Transportation Safety, Washington Democratic, Senate, US National Transportation, ” Boeing, Max, NBC, FAA, ., Sunday Locations: New York, . Airlines, Alaska, United, Indonesia, Ethiopia
New York CNN —The grounding of the 737 Max 9 after a January 5 incident that blew a hole in the side of an Alaska Airlines plane earlier this month will cost the airline about $150 million, Alaska announced Thursday. The door plug blew off an Alaska Airlines flight on January 5, leaving a gaping hole in the side of the plane. While no passengers were killed, the incident led the Federal Aviation Administration to order a grounding of all 737 Max 9 jets. Alaska Airlines CEO Ben Minicucci told NBC in an interview Tuesday that the carrier found “some loose bolts on many” Boeing 737 Max 9 during its inspections. Alaska and United are the only US airlines with the 737 Max 9 jet in their fleets.
Persons: Max, Ben Minicucci, , , Robert Isom, It’s Organizations: New, New York CNN, Alaska Airlines, Federal Aviation Administration, FAA, Alaska Air, NBC, Boeing, Max, Refinitiv, Southwest Airlines, American, CNBC Locations: New York, Alaska, United
New York CNN —Alaska Airlines CEO Ben Minicucci revealed the carrier found “some loose bolts on many” Boeing 737 Max 9s in an interview for “NBC Nightly News with Lester Holt” scheduled to air Tuesday. The US Federal Aviation Administration urged airlines on Sunday to inspect so-called door plugs on an earlier version of Boeing 737 airplanes. After recent inspections of the newer Max 9s, United Airlines and Alaska Airlines have found loose bolts. NBC asked Minicucci if Boeing has a problem with quality control extending beyond a single plane. We will follow the lead of the FAA and support our customers every step of the way.”The CEO of United Airlines, one of the biggest buyers of Boeing jets, also expressed frustration with the company.
Persons: Ben Minicucci, Lester Holt ”, ” Minicucci, Max, that’s what’s, , Minicucci, Stan Deal, “ I’m, Scott Kirby, they’ve, ” CNN’s Chris Isidore, Gregory Wallace, Hanna Ziady Organizations: New, New York CNN, Alaska Airlines, Boeing, Max, NBC, US Federal Aviation Administration, United Airlines, FAA, Airplanes, United, CNBC Locations: New York, Portland , Oregon, Ontario , California, Alaska
Washington CNN —The US Federal Aviation Administration is expanding its probe into Boeing 737 Max 9 quality control following this month’s in-flight blowout of a part of an Alaska Airlines plane. In a new statement released Wednesday, the FAA says it is now investigating contractor Spirit AeroSystems, which builds the fuselage of the Boeing 737 Max 9. Spirit Aerosystems did not immediately respond to a request for comment. The FAA says all 171 Boeing 737 Max 9s in the United States remain grounded, the agency has received new data from preliminary inspections of 40 of those airplanes. Spirit Aerosystems’ history of troubleShareholders of Spirit AeroSystems last year filed a federal lawsuit against the company, accusing it of “widespread and sustained quality failures” in its products.
Persons: Spirit, Boeing “, Aerosystems, , Max, Spirit AeroSystems, Lever, Joe Buccino, AeroSystems, Organizations: Washington CNN, US Federal Aviation Administration, Boeing, Max, Alaska Airlines, FAA, NTSB, Spirit, Locations: United States
Total: 25