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☆ Boeing CEO Kelly Ortberg says the company's staff 'spend more time arguing' than strategizing about how to beat Airbus: report
▼ + stars: | 2024-11-21 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

The CEO also spoke with President-elect Donald Trump about the impact of his potential tariffs. Boeing's CEO Kelly Ortberg has a stern warning for his staff — stop squabbling and get to work. During the meeting, Ortberg also told staff not to "sit at the water cooler and bitch about people," per The WSJ's transcription of the recording. AdvertisementThe WSJ also reported that Ortberg has spoken with President-elect Donald Trump about the impact of potential tariffs on Boeing. Ortberg told staff that a potential trade war with China might impact the company's plane exports to Chinese airlines.

Persons: Kelly Ortberg, Ortberg, Donald Trump Organizations: Airbus, WSJ, Boeing, Business Insider, Trump, Seattle Times, Society of Professional Engineering Employees, Aerospace, . Aviation, Avia Solutions, Max Locations: Boeing's hourlong, China, Washington, Oregon

☆ China renamed its homegrown regional airliner to better sell it abroad. Here's how it compares to its closest rival.
▼ + stars: | 2024-11-17 | by ( Taylor Rains | ) www.businessinsider.com time to read: +6 min

The C909's closest competitors in size and range are the Brazilian-made Embraer E190-E2 and E195-E2. China's state-owned planemaker, the Commercial Aircraft Corporation of China, better known as Comac, has rebranded its regional aircraft to better compete with Airbus, Boeing, and Embraer. AdvertisementEmbraer's larger planes can carry more peopleComac data shows the C909 seats five abreast and can carry 78 passengers in two classes (or up to 97 in a high-density configuration). The Embraer E190-E2 has a shorter range than its sister jet. For example, Virgin Australia agreed to buy eight E190-E2 aircraft in August.

Persons: Comac, Yin Liqin, it's, Chen Duo, Syme, Pratt, Whitney's, Grinsven, Canada's, Cirium Organizations: Airbus, Boeing, Embraer, Commercial Aircraft Corporation of China, Jets, China News Service, Getty, TransNusa, Getty Images China Southern Airlines, Airlines, Royal Jordanian Airlines, Canada's Porter Airlines, Comac, Reuters, Hainan Airlines, Porter Airlines, Colorful Guizhou Airlines, Virgin Australia Locations: Brazilian, China's, China, Europe, Guangzhou, Indonesian, Manado, Amman, Western Europe, Toronto, Los Angeles, Hainan, Zhuhai

☆ Boeing secured its first order after a 7-week strike — 80 737 Max jets
▼ + stars: | 2024-11-12 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Avia Solutions Group, which leases planes to airlines, ordered 80 Boeing 737 Max jets. Avia Solutions Group announced Tuesday that it ordered 80 Boeing 737 Max jets, evenly split between firm orders and purchase rights. AdvertisementThe incident saw a 737 Max lose a door plug mid-flight after the plane left Boeing's factory missing key bolts. The Federal Aviation Administration consequently limited Boeing's output of 737 Max aircraft to 38 a month until it implements a safety-and-quality plan. AdvertisementDelivery of ASG's Boeing jets is expected to start in 2030.

Persons: —, ASG, Brad McMullen, Max Organizations: Boeing, Avia Solutions, Max, Service, Avia, Airbus, Saudi Arabia's, Saudi Arabia's Riyadh Air, Bloomberg, Alaska Airlines, Federal Aviation Administration Locations: Saudi, Saudi Arabia's Riyadh

☆ New Chinese stealth fighter to take center stage at China’s biggest airshow
▼ + stars: | 2024-11-08 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

China’s new J-35A stealth fighter jet will be displayed for the first time next week at the country’s biggest civil and military airshow, a biennial event where Beijing showcases its expanding aerospace industry. The J-35A, which uses airstrips to take off and land, is a variant of the J-35, a stealthy aircraft China is developing for use on aircraft carriers. Diplomats and security analysts have closely watched the evolution of J-35 variants given the importance of the plane to China’s aircraft carrier program, which seeks to expand jets’ range and payload to project power beyond China’s home waters. Monday marks the 75th anniversary of the PLAAF, which will have its largest presence at the airshow, according to Xinhua, China’s state-run news agency. This year’s Zhuhai airshow is its first post-pandemic edition since Beijing lifted its zero-Covid policy and travel restrictions in 2023.

Persons: Donald Trump, Lockheed Martin, China’s, Kelly Ortberg, COMAC Organizations: China International Aviation, Aerospace, ”, People’s Liberation Army Air Force, Shenyang Aircraft Corporation’s, SU, Lockheed, People’s Liberation Army, Diplomats, Airbus, Embraer, Boeing, Industry, U.S Locations: Beijing, Greater Bay, Zhuhai, Taiwan, South China, China, Russia, West, Xinhua, China’s

Unionized Boeing workers on Monday voted to accept a contract proposal, ending a seven-week strike. AdvertisementBoeing union workers approved a labor contract proposal on Monday that will increase pay by 38% over four years and end a seven-week strike. This was after Boeing union leaders endorsed the offer on Thursday. The first was when over 30,000 union workers voted to strike after being displeased with the 25% pay increase they were originally offered. The company's second offer with a 30% pay increase was withdrawn after talks broke down.

Persons: —, Jon Holden, Brandon Bryant, Boeing machinists, Brian Bryant, Kelly Ortberg, Ortberg Organizations: Bank of America, Boeing, Service, International Association of Machinists, Aerospace Workers, IAM, BI Locations: Seattle

☆ This radical plane concept with an all-in-one wing could be the future of flight. See the leading designs from startups and Airbus.
▼ + stars: | 2024-11-02 | by ( Taylor Rains | ) www.businessinsider.com time to read: +2 min

"Blended-wing" aircraft could be the future of commercial aviation. Airbus and startups JetZero and Natilus lead the development of these more efficient flying wings. Among the most likely concepts is a "blended-wing" body aircraft, which combines the fuselage and wing into one. A handful of companies have announced plans to build these unique vessels by the 2030s, including startups JetZero and Natilus and long-standing planemaker Airbus. The company has decades of experience designing commercial airplanes — leading the industry with its best-selling Airbus A320 family of similar capacity.

Persons: — Organizations: Airbus, Service, Aircraft, US Air Force, Boeing, Pathfinder

☆ Boeing dismantles diversity department, Bloomberg news reports
▼ + stars: | 2024-11-01 | by ( ) www.nbcnews.com time to read: +1 min

Boeing has dismantled its global diversity, equity and inclusion department, Bloomberg news reported on Thursday, citing people familiar with the matter. Sara Liang Bowen, who was a vice president in the department, announced earlier in the day on LinkedIn that she had left the company. “It has been the privilege of my lifetime to lead Equity, Diversity, and Inclusion at the Boeing company these past 5+ years. Our team strived every day to support the evolving brilliance and creativity of our workforce,” she said in the post. Earlier this month, the company also said that it planned to cut 17,000 jobs, which represent 10% of its global workforce.

Persons: Sara Liang Bowen, ” Organizations: Boeing, Bloomberg, Equity, Diversity Locations: Boeing’s

☆ Airbus' new plane is the answer to an aging, inefficient Boeing jet that airlines are scrambling to replace
▼ + stars: | 2024-11-01 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

Some airlines have bought Airbus' new extra-long-haul A321XLR to replace their aging Boeing 757s. That's about 800 miles further than its predecessor and at least 880 miles further than its closest competitor: the aging, out-of-production Boeing 757. Carriers like United Airlines and Icelandair are lining up for the new jet, putting in more than 550 orders so far. Continental Airlines, now United Airlines, switched its 757-300 order to the newer 737-800 in 2003, for example. Icelandair will also replace its 757 fleet with the A321XLR, abandoning the largely all-Boeing fleet it has operated for decades.

Persons: —, Bjorn Fehrm, Boeing's, Icelandair, it's Organizations: Airbus, Boeing, United Airlines, Delta Air Lines, Service, Carriers, Iberia, Continental Airlines, Leeham, Seattle Times, Max, United, Business Locations: Spanish, France, North Africa

☆ Boeing union endorses sweetened contract deal after nearly 7 weeks on strike
▼ + stars: | 2024-10-31 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Boeing union workers have been on strike for nearly 7 weeks due to a dispute on wage increases. The planemaker proposed a new deal that includes a 38% pay increase over 4 years, the union said. Union leaders said it is recommending workers to approve the deal on Monday. AdvertisementBoeing union leaders are endorsing a sweetened contract offered by the airplane maker, signaling an end to a nearly seven-week strike that put a halt to the company's manufacturing operations. The union said it is endorsing the contract and recommends that its members approve the deal during Monday's vote.

Persons: —, Jay Timmons Organizations: Union, Service, Boeing, International Association of Machinists & Aerospace Workers, Workers, IAM, National Association of Manufacturers, Bank of America, Puget Locations: Pacific, America, United States

☆ 2 major airline CEOs have issued a clear message to Boeing in the past week: Do better
▼ + stars: | 2024-10-29 | by ( Kelsey Vlamis | Aditi Bharade | ) www.businessinsider.com time to read: +4 min

The CEOs of Southwest Airlines and American Airlines both want Boeing to deliver planes on time. "Boeing has been a great partner for the whole 53 years of Southwest Airlines, but we need Boeing to be strong. Southwest's fleet consists of 228 Boeing 737 Max 8s, 381 Boeing 737-800s, and 207 Boeing 737-700s, according to aviation website FlightRadar24. Southwest reported earlier this year that it expected to receive around 20 Boeing 737 Max 8. The manufacturer announced on Monday that it is offering 90 million common shares and about $5 billion worth of depositary shares for sale.

Persons: —, Bob Jordan, Robert Isom, Jordan, it's, Isom, they're, We've, he's, Kelly Ortberg, Goldman Sachs, JPMorgan Chase Organizations: Southwest Airlines, American Airlines, Boeing, Service, Southwest, Yahoo Finance, Max, CNBC, Alaska Airlines, SEC, Bank of America, Citibank, JPMorgan, Business

☆ Stocks making the biggest moves premarket: Exxon, Spotify, Boeing, McDonald's, TSMC and more
▼ + stars: | 2024-10-28 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Spotify — The music platform rose more than 2% after Wells Fargo named Spotify a top stock pick . Analyst Steven Cahall is particularly bullish on the company's rising margins, strong product mix and evolving record label relationships. Boeing — Shares of the planemaker slipped roughly 2% after Boeing launched a stock offering that could raise roughly $19 billion. McDonald's shares dropped more than 7.5% last week, marking its worst weekly performance since 2020. ON Semiconductor — Shares gained more than 3% after the semiconductor product maker posted adjusted earnings per share of 99 cents and revenue of $1.76 billion for the third quarter.

Persons: Wells, Steven Cahall, Kamala Harris, Donald Trump, FactSet, Canaccord Genuity, Nio, CrowdStrike, Sarah Min, Alex Harring, Lisa Kailai Han, Sean Conlon, Michelle Fox Organizations: Spotify, Boeing —, Boeing, Occidental Petroleum, Exxon, BP —, Citi, Exxon Mobil, BP, Taiwan Semiconductor Manufacturing, Huawei, Reuters, The, Delta Air Lines Locations: U.S, China, The U.S, Macquarie

☆ Boeing is looking for a $19 billion boost
▼ + stars: | 2024-10-28 | by ( Aditi Bharade | Pete Syme | ) www.businessinsider.com time to read: +3 min

Boeing is looking to raise nearly $19 billion to combat its lack of cash. It comes after Boeing reported a net loss of $6.1 billion in the third quarter. AdvertisementBoeing needs cash, and it's trying to raise almost $19 billion as the company looks to boost its liquidity. The planemaker announced Monday that it is offering 90 million common shares and about $5 billion of depositary shares for sale. Last Wednesday, Boeing reported a net loss of $6.1 billion in its third-quarter earnings.

Persons: —, Goldman Sachs, Max, Dave Calhoun, Ron Epstein Organizations: Boeing, Alaska Airlines, Service, planemaker, Bank of America, Citibank, JPMorgan Chase, Alaska Airlines Boeing

☆ Startup CEO shares his plan for a radical 'blended wing' jet to rival Boeing and Airbus
▼ + stars: | 2024-10-25 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

A startup planemaker announced a 200-passenger "blended wing body" plane to rival Airbus and Boeing. AdvertisementAircraft manufacturer Natilus wants to build a new type of airliner to rival Airbus and Boeing as the industry demands more efficient planes. Natilus said its Horizon plane would be up to 50% more fuel efficient per passenger. Natilus joins a growing list of BWB plane developers. Airbus announced its BWB jetliner in 2020, while JetZero unveiled its "Pathfinder" widebody BWB design in April.

Persons: —, Natilus, Aleksey Matyushev, Matyushev, it's, Natilus Matyushev, JetZero Organizations: Airbus, Boeing, Service, Aircraft, Airlines, Max, SAF, Emirates Locations: California, Europe, Hawaii, Kona

☆ Boeing had a tough 24 hours, but with CEO Kelly Ortberg's turnaround plan, analysts remain hopeful
▼ + stars: | 2024-10-24 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

CEO Kelly Ortberg has vowed to turn around the company and laid out a four-point plan. CEO Kelly Ortberg vowed to "return Boeing to its former legacy" and said the company would focus on changing its culture. However, restoring the traditional defined-benefit pension plan — replaced with a 401(k) in 2014 negotiations — has been a key issue for many on the picket lines. Bank of America analysts estimated that restoring this pension plan would cost up to $400 million annually. Boeing's production has been limited as it faces supply-chain constraints and renewed scrutiny from regulators in the wake of January's Alaska Airlines blowout.

Persons: Kelly Ortberg, —, Manuel Valdes, William Blair, Peter McNally, China's, McNally, Morningstar's Nicolas Owens, Ortberg Organizations: Boeing, Service, CNBC, Wall Street, Labor, Seattle Times, Bank of America, Anderson Economic Group, AP, Alaska Airlines, Airbus Locations: Seattle, Pacific Northwest

☆ Emirates has placed a fresh order for Boeing freight planes, just days after its chairman criticized ongoing delivery delays
▼ + stars: | 2024-10-21 | by ( Nora Redmond | ) www.businessinsider.com time to read: +3 min

Emirates has ordered five Boeing 777 freighters, eventually expanding its fleet to 21 of the planes. The order comes days after Emirates' boss criticized a fresh delay to Boeing's new passenger jet, the 777X. AdvertisementEmirates has announced a fresh order for Boeing 777 freight planes, just days after its chairman publicly criticized the embattled planemaker. Emirates is one of Boeing's biggest customers, so a fresh order of Boeing planes is not unusual. Emirates' Sir Tim Clark criticized the latest delays to the Boeing 777X last week.

Persons: —, Sheikh Ahmed bin Saeed Al Maktoum, Tim Clark, Sir Tim Clark, BRENDAN SMIALOWSKI, Clark Organizations: Emirates, Boeing, Service, Emirates Airline and Group, Getty, Al, Al Maktoum International, Business Insider Locations: Dubai, Emirates, AFP, Al Maktoum

☆ Spirit AeroSystems to furlough 700 workers as Boeing machinist strike continues
▼ + stars: | 2024-10-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Airplane fuselages bound for Boeing's 737 Max production facility await shipment on rail sidings at their top supplier, Spirit AeroSystems Holdings Inc., in Wichita, Kansas, on Dec. 17, 2019. Boeing supplier Spirit AeroSystems will furlough some 700 workers as a strike by machinists at the planemaker enters its sixth week, a spokesman for the supplier said Friday. Spirit AeroSystems had been scrambling to cut costs after more than 32,000 Boeing machinists walked off the job Sept. 13 after overwhelmingly rejecting a tentative labor deal with Boeing. "If the strike continues beyond November, we will have to implement layoffs and additional furloughs," spokesman Joe Buccino told CNBC on Friday. Spirit workers on Boeing's best-selling 737 Max are not affected, he added.

Persons: machinists, AeroSystems, Boeing machinists, Joe Buccino, Buccino, Max Organizations: Spirit AeroSystems Holdings Inc, Boeing, Spirit, CNBC, Reuters Locations: Wichita , Kansas

☆ Boeing strike enters second month as workers rally in Seattle
▼ + stars: | 2024-10-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

SEATTLE — Boeing factory workers held a large rally in Seattle on Tuesday to demand a better wage deal, mounting pressure on new CEO Kelly Ortberg to end a bitter strike that has plunged the planemaker further into financial crisis. “We’re not afraid of them.”A strike rally for the International Association of Machinists and Aerospace Workers in Seattle on Tuesday. U.S. Representative Pramila Jayapal, whose district includes downtown Seattle, addressed the cheering crowd on Tuesday, criticizing Boeing and calling on Ortberg to end the strike. “Let’s make Seattle Boeing town again!”‘NO PENSION, NO WRENCHING’IAM members have been holding smaller picket lines in front of Boeing sites throughout the strike. A Boeing spokesperson said on Monday the planned job cuts included both union and non-union workers, but striking IAM employees were not currently affected.

Persons: Kelly Ortberg, Maria Cantwell, X, Patty Murray, Adam Smith, Rick Larsen, ”, Matthew Wright, We’re, Jason Redmond, Julie Su, Pramila Jayapal, “, “ Kelly Ortberg, Jon Holden, ” Holden Organizations: SEATTLE — Boeing, Reuters, Democrats, Boeing, U.S, West, International Association of Machinists, Aerospace Workers, Getty, Labor, IAM, Seattle Boeing, Seattle, Microsoft Locations: Seattle, Washington, West Coast, AFP, United States, America, Seattle —, ”

☆ Airbus plans to lay off up to 2,500 workers in its defense and space division
▼ + stars: | 2024-10-16 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

Airbus’ announcement comes against a backdrop of a global defense and space industry in flux, presenting both challenges and opportunities for companies. But large legacy defense firms like Airbus that should benefit from the boom in demand face stiff competition. Boeing said earlier this month that it would slash 10% of its global workforce over the coming months. The company’s own defense business posted a $913 million loss in the three months to the end of June. And in September, Ted Colbert, the head of the unit, called Defense, Space & Security, stepped down.

Persons: Mike Schoellhorn, —, ” Schoellhorn, Ted Colbert, Olesya Dmitracova Organizations: London CNN, Airbus, Boeing, Airbus Defence, Governments, Citi, Defense, Space & Security Locations: Ukraine, United States

☆ Delta unveiled a fresh cabin design as it modernizes aging planes amid further delays to new Boeing jets
▼ + stars: | 2024-10-16 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Delta Air Lines is set to update the cabins of its Boeing 757 and Airbus A350 jets. The 757s being updated are at least 20 years old as Delta waits on delayed new 737 jets. Courtesy of Delta Air LinesThe Max 10 is the largest version of Boeing's newest narrowbody jet, but is yet to be certified amid a difficult period for the embattled planemaker. Courtesy of Delta Air LinesIt will feature a "warmer and more modern color palette" that includes a red accent stripe and the airline's logo on seat tags, Delta said. Courtesy of Delta Air LinesIn Delta One, the airline's business class, the fabric seats are made from a lighter material that should help regulate a passenger's temperature.

Persons: —, It's, Delta, Max, Guy Organizations: Delta Air Lines, Boeing, Airbus, Service, Air Lines, Delta Air Locations: New, Delta

☆ Boeing prepares layoff notices for thousands of workers as turmoil deepens
▼ + stars: | 2024-10-15 | by ( ) www.nbcnews.com time to read: +5 min

While Su has previously spoken with Boeing and the striking West Coast factory workers’ union, it is her first time in Seattle meeting both sides in person. Roughly 33,000 workers have been on strike since Sept. 13, seeking a 40% wage increase over four years. Boeing will next month send out 60-day notices to thousands of workers including many in its commercial aviation division, meaning those staff will leave the company in mid-January, one source familiar with the matter said. A Boeing spokesperson said the company had shared information with managers including plans for 10% reductions at its commercial unit involving both union and non-union workers. “Boeing just turned its back on 17,000 of its own workers — the same people who carried Boeing through crisis after crisis, year after year,” he said in a statement.

Persons: Julie Su’s, Su, Jon Holden, ”, Brian Bryant, Nick Cunningham, Tim Clark, “, ” Clark Organizations: Boeing, Labor, Department of Labor, International Association of Machinists, Aerospace Workers, ” Boeing, White, Society of Professional Engineering Employees, Aerospace, Rivals, Partners, Alaska Airlines, Emirates, Air Locations: U.S, Seattle, West Coast

☆ Boeing's labor strike is so bad that the US Labor Secretary just flew to Seattle to help
▼ + stars: | 2024-10-15 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Julie Su is in Seattle to mediate Boeing worker strike to resume negotiations. Boeing's strike began after workers rejected a 25% pay raise, demanding 40% and other benefits instead. AdvertisementBoeing's worker strike appears to be in such a stalemate that the US's top labor official flew to Seattle to mediate. In separate Monday meetings, Acting Secretary of Labor Julie Su urged both parties to move forward, the labor union for aerospace workers said in a statement. Su mediated a 75,000-person healthcare worker strike against Kaiser Permanente in October 2023.

Persons: Julie Su, Boeing's, —, Labor Julie Su, Su, Biden, Boeing Machinists Organizations: Boeing, Service, Labor, Anderson Economic Group, Reuters, Labour Union, International Association of Machinists, Aerospace Workers, Kaiser Permanente, United, Alaska Air, Emirates, RyanAir Locations: Seattle, Union, Gulf Coast, United Airlines

☆ Boeing is raising $10 billion from 4 major banks — and could sell another $25 billion in securities
▼ + stars: | 2024-10-15 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Boeing said it has entered a $10 billion credit agreement with four banks, it said in a filing Tuesday. In a separate filing, the planemaker said may also sell up to $25 billion in securities. AdvertisementBoeing plans to raise up to $35 billion to help steady its finances as a machinists' strike enters its fifth week. In a Tuesday regulatory filing, the planemaker said it had entered a $10 billion credit agreement with Bank of America, Citibank, Goldman Sachs, and JPMorgan Chase. Boeing also filed a prospectus stating that it may sell up to $25 billion in securities, including bonds, new shares, and stock options.

Persons: planemaker, —, Goldman Sachs, Ron Epstein, Julie Su, Sir Tim Clark, Max midflight, Dave Calhoun, Kelly Ortberg, Starliner Organizations: Boeing, Service, Bank of America, Citibank, JPMorgan Chase, Business, CNN, Anderson Economic Group, Labor, Emirates, Alaska Airlines, Space, NASA, SpaceX Locations: Seattle

☆ Why another delay of Boeing's new 777X plane is such a big deal
▼ + stars: | 2024-10-14 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

Boeing's 777X, its largest passenger plane, is delayed yet again. AdvertisementBoeing's future is dependent on the upcoming 777X, the world's largest passenger plane in production, which has been delayed once again. Boeing's last completely new widebody plane was the 787 way back in 2003. Qatar and Etihad have ordered 94 and 25 777-9s, respectively, for a collective 324 777X planes across the three airlines. The Boeing 777X's 10-abreast cabin mockup on display at Aircraft Interiors Expo in 2022.

Persons: —, planemaker, Kelly Ortberg, it's, Thiago B Trevisan, Julien de Rosa, ROSLAN RAHMAN, Max —, Max, Georg Wendt, Tim Clark, isn't, Clark, Richard Aboulafia, Aboulafia Organizations: Service, Boeing, British Airways, Emirates, Singapore Airlines, Airbus, Korean Air, Delta Air Lines, Lufthansa, Air New Zealand, Getty, Aviation, Etihad Airways, Etihad, Aircraft, Airlines Locations: Qatar, Emirates, Korean, AFP

☆ Emirates really isn't happy with Boeing — and will be having a 'serious conversation' about the latest 777X delay
▼ + stars: | 2024-10-14 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Emirates' president criticized Boeing over further delays to the 777X jet delivery. Emirates has ordered 262 of the 777X, making it the biggest customer of the much-delayed jet. AdvertisementThe president of Emirates, one of Boeing's biggest customers, has slammed the planemaker after it announced a further delay to its much-anticipated 777X jet. The Boeing 777X has revolutionary folding wingtips that are a first in commercial aviation. Related storiesSheikh Ahmed bin Saeed Al Maktoum, the Emirates CEO, previously said the 777X delays would force it to use existing jets for longer than planned, Reuters reported.

Persons: Tim Clark, —, Sir Tim Clark, Taylor Rains, Kelly Ortberg, Clark, Sheikh Ahmed bin Saeed Al Maktoum, Ortberg Organizations: Boeing, Emirates, Service, Business, Alaska Airlines, Boeing 777X, Reuters Locations: Seattle

☆ Tensions are rising in the Boeing strike after the planemaker filed a complaint against the union
▼ + stars: | 2024-10-11 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

The Boeing strike is growing increasingly ill-tempered as both sides have filed NLRB complaints. AdvertisementBoeing filed a complaint on Thursday with the National Labor Relations Board against the union representing 33,000 of its workers. Rising tensions are palpable, and a longer strike would continue to hurt Boeing. AdvertisementBank of America analyst Ron Epstein estimated that the strike is costing Boeing $50 million a day. "Given that position, further negotiations do not make sense at this point," Stephanie Pope, CEO of Boeing Commercial Airplanes, told employees in an email Tuesday.

Persons: —, Ron Epstein, Boeing's, Kelly Ortberg, Stephanie Pope, Mike Fitzsimmons Organizations: Boeing, Service, National Labor Relations Board, International Association of Machinists, Aerospace Workers, IAM, NLRB, Bank of America, Business, Airplanes, Seattle Times, BI Locations: Seattle

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