Boeing

Boeing posts sedond-biggest annual loss in its history

The American giant on Tuesday confirmed it had fallen $11.8bn (£9.5bn) into the red last year, a figure only exceeded during the pandemic when the aviation market ground to a halt overnight.…

2 months ago

by Abiodun Ogundairo

Boeing machinists vote to extend strike

Boeing workers have voted to continue their strike, with 64 percent of them rejecting the latest offer that included a 35 percent wage hike over four years. The strike, now running for…

5 months ago

Business

Strike-hit Boeing announces $6.2 billion loss in third quarter

Boeing has reported a staggering $6.2 billion loss for the third quarter, as it grapples with its ongoing financial, safety, and reputational problems. New CEO Kelly Ortberg said the American aerospace giant…

6 months ago

Business

Boeing to cut 17,000 jobs and delay first 777X delivery as strike hits finances

Boeing seeks to shore up its finances

Boeing signaled Tuesday that it could raise up to $25 billion in new stock or debt to shore up its balance sheet after years of heavy losses. The company said in back-to-back…

6 months ago

Business

Boeing to cut 17,000 jobs and delay first 777X delivery as strike hits finances

Boeing will cut 17,000 jobs, 10% of its global workforce, delay first deliveries of its 777X jet by a year and record $5 billion in losses in the third quarter, as the…

6 months ago

Business

Boeing announces hiring freeze and sweeping cost cuts as strike continues

Boeing annouonces hiring freeze and cost cuts as strike continues

Boeing announced a hiring freeze and costcutting measures amid a crippling strike at its assmbly plants that has brought production of its best-selling jets, including the 737 Max, to a virtual halt.…

7 months ago

Business

Boeing workers to vote on new union contract and strike action

Boeing workers in Washington and Oregon will be voting on Thursday night on whether to accept a new contract offer that increases wages by 25 percent over the next four years. If…

7 months ago

Business

Boeing’s CEO apologises to families of fatal 737 Max crashes at a US Senate hearing

Boeing's CEO David Calhoun has testified at a US Senate subcommittee investigating the planemaker's "broken safety culture". Relatives of some of the 346 victims of two fatal crashes involving the Boeing 737…

10 months ago

News

Crisis-hit Boeing reports quarterly revenue drop

Boeing said Wednesday that it lost $355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing scrutiny over the safety…

12 months ago

Business·News

Boeing to pay $2.5 billion to settle US criminal probe over 737 MAX crashes

The plane model was involved in two major crashes that killed hundreds of people in less than one year. The plane was grounded worldwide for months as updates were made on the…

4 years ago

Business·News

Boeing 737 MAX returns to US skies for first time in almost two years

The American Airlines flight was the first commercial flight in the US since Max was grounded in March 2019. Two plane crashes in Ethiopia and Indonesia meant authorities barred the plane from…

4 years ago

Business·News

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Boeing

Boeing posts sedond-biggest annual loss in its history

Boeing machinists vote to extend strike

Strike-hit Boeing announces $6.2 billion loss in third quarter

Boeing seeks to shore up its finances

Boeing to cut 17,000 jobs and delay first 777X delivery as strike hits finances

Boeing annouonces hiring freeze and cost cuts as strike continues

Boeing workers to vote on new union contract and strike action

Boeing’s CEO apologises to families of fatal 737 Max crashes at a US Senate hearing

Crisis-hit Boeing reports quarterly revenue drop

Boeing to pay $2.5 billion to settle US criminal probe over 737 MAX crashes

Boeing 737 MAX returns to US skies for first time in almost two years

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