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A strike would add to turbulent times at Boeing
Read full article: A strike would add to turbulent times at BoeingA strike by the 33,000 factory workers who assemble some of Boeing’s best-selling planes would come as another blow to a company whose bottom line and reputation have taken plenty of hits this year.
Troubled Boeing stays close to the ground at a major UK air show
Read full article: Troubled Boeing stays close to the ground at a major UK air showEuropean planemaker Airbus plans to show off its newest passenger jet with daily flight demonstrations during one of the world’s biggest aviation trade fairs.
Boeing tells federal regulators how it plans to fix aircraft safety and quality problems
Read full article: Boeing tells federal regulators how it plans to fix aircraft safety and quality problemsBoeing officials have presented a plan for improving manufacturing quality and safety to federal officials.
Boeing shareholders approve CEO's compensation as company faces investigations, possible prosecution
Read full article: Boeing shareholders approve CEO's compensation as company faces investigations, possible prosecutionBoeing shareholders have approved CEO David Calhoun’s $32.8 million compensation.
Boeing's CEO got compensation worth nearly $33 million last year but lost a $3 million bonus
Read full article: Boeing's CEO got compensation worth nearly $33 million last year but lost a $3 million bonusBoeing CEO David Calhoun is getting compensation valued at $33 million for last year, nearly all of it in stock awards.
Boeing CEO to step down in management shake-up as manufacturing issues plague storied plane maker
Read full article: Boeing CEO to step down in management shake-up as manufacturing issues plague storied plane makerA leadership shake-up at Boeing is highlighting the difficult path facing the iconic aircraft manufacturer as it tries to navigate through another safety crisis.
Major airlines want to hear how Boeing plans to fix problems in the manufacturing of its planes
Read full article: Major airlines want to hear how Boeing plans to fix problems in the manufacturing of its planesThe heads of leading U.S. airlines want to meet with Boeing and hear the aircraft manufacturer’s strategy for fixing quality-control problems that have gained attention since a panel blew out of a jetliner in January.
Alaska Airlines cancels flights on certain Boeing planes through Saturday for mandatory inspections
Read full article: Alaska Airlines cancels flights on certain Boeing planes through Saturday for mandatory inspectionsAlaska Airlines is canceling all flights on Boeing 737 Max 9 planes until Saturday while it waits for new instructions on how to inspect and fix the planes.
Investigation into why a panel blew off a Boeing Max 9 jet focuses on missing bolts
Read full article: Investigation into why a panel blew off a Boeing Max 9 jet focuses on missing boltsFederal regulators are extending the grounding of some Boeing jets after an Alaska Airlines plane lost a side panel last week.
Boeing promotes insider to chief operating officer, putting her in the discussion about the next CEO
Read full article: Boeing promotes insider to chief operating officer, putting her in the discussion about the next CEOBoeing is promoting a woman to one of its top jobs, putting her in the discussion about possible successors to current CEO David Calhoun.
Boeing posts $3.3B loss on costs tied to defense programs
Read full article: Boeing posts $3.3B loss on costs tied to defense programsBoeing is reporting a $3.3 billion loss for the third quarter because of higher costs related to several government programs including building new Air Force One presidential planes.
Boeing settles with funds that sued after 737 Max crashes
Read full article: Boeing settles with funds that sued after 737 Max crashesCurrent and former Boeing directors have settled a shareholder lawsuit that accuses the directors of poor oversight before two of the company's jets crashed, killing 346 people.
Boeing CEO waived pay but got compensation worth $21 million
Read full article: Boeing CEO waived pay but got compensation worth $21 millionBoeing CEO David Calhoun declined a salary and performance bonus for most of 2020 but still received stock benefits that pushed the estimated value of his compensation to more than $21 million, according to a regulatory filing Friday, March 5, 2021. Calhoun, who became CEO in January 2020, received $269,231 in salary for the period before he disavowed his salary in March. AdThe company said Calhoun gave up about $3.6 million by declining most of his salary and a $2.5 million bonus. But most of Calhoun's compensation — valued by Boeing at more than $20 million — came in the form of stock benefits that will vest in the next few years, assuming he remains CEO. Calhoun, 63, was a longtime Boeing board member before being named CEO after the firing of Dennis Muilenburg in December 2019.
Boeing gets a boost from Ryanair order for 75 more Max jets
Read full article: Boeing gets a boost from Ryanair order for 75 more Max jetsIrish budget airline Ryanair said Thursday it is ordering 75 more Boeing 737 Max jets, a boost for Boeing just before its most important plane returns to flying after two deadly crashes. Before Ryanair’s order, the company had reported only five Max orders in 2020. Boeing CEO David Calhoun said he is confident that the Ryanair move is the beginning of the company's bid to rebuild its Max order book. CEO Michael O’Leary said that with the additional 75 planes, Max jets will make up one-third of Ryanair’s fleet in five years, up from 6% now. Boeing expects the pandemic to cast a pall over demand for airline jets for several years.
Troubles abound, Boeing losses bloom to $2.4 billion in 2Q
Read full article: Troubles abound, Boeing losses bloom to $2.4 billion in 2QBoeing lost $2.4 billion in the second quarter and the company will slow production and cut more jobs as demand for commercial aircraft shrinks during the coronavirus pandemic. Calhoun said the defense unit is hiring, and Boeing still expects a net workforce reduction of around 10%, or 16,000 people, by year-end. The $2.40 billion loss included more than $1.3 billion in write-downs for production slowdowns, severance payments and temporary closures because of virus outbreaks in Boeing factories. Revenue fell to $11.81 billion, down from $15.75 billion a year earlier. Boeing shares fell nearly 4% in midday trading.