Boeing to lay off 10 per cent of employees as factory strike cripples production Transport and infrastructure Boeing plans to lay off about 10 per cent of its workers in the coming months as it continues to lose money and tries to deal with a strike that is crippling production of the company’s best-selling airline planes. New chief executive Kelly Ortberg told staff in a memo on Friday that the job cuts [...]
Senior shares tumble as lower Boeing and Airbus output triggers profit warning Transport and infrastructure Shares in FTSE 250 aerospace parts supplier Senior tumbled on Tuesday after the firm warned on earnings and revealed cost-cutting measures in response to lower output at Boeing and Airbus.
Boeing expects 787 suppliers to catch up by year’s end Business Boeing expects delayed suppliers to catch up on parts that have slowed production of its 787 jets to below a rate of five a month.
Ryanair passenger numbers near 20m as Europe’s record summer kicks off June 5, 2024 Some 18.9m passengers flew with the Irish budget carrier over the month, up 11 per cent year-on-year as it operated 105,000 flights.
Boeing and Airbus supply chain woes cause aircraft deliveries to tumble May 31, 2024 Aircraft deliveries fell in the first quarter as suppliers struggle to meet booming travel demand amid a dearth in workers.
Boeing shareholders approve chief’s $33m compensation as company faces investigations May 18, 2024 Boeing shareholders approved chief executive officer David Calhoun’s $32.8m (£25.8m) compensation on Friday and heard leaders explain what the troubled aircraft maker is doing to improve the quality and safety of its planes.
Boeing crisis: New whistleblower claims ‘up to 200 defects’ found with parts headed to planemaker May 9, 2024 A Boeing whistleblower has claimed he often found up to 200 defects on parts being readied for shipping to the planemaker by Spirit AeroSystems.
Boeing posts £285m loss as 737 Max production dips amid fallout from Alaska disaster April 24, 2024 Boeing reported a net loss of $355m (£285m) in the first quarter as production of its 737 Max jets decreased.
Boeing whistleblower ‘ignored’ after flagging alleged manufacturing shortcuts April 18, 2024 A Boeing whistleblower has claimed that he was repeatedly ignored after raising concerns about alleged manufacturing shortcuts at the airplane maker.
Here’s what it would take for Embraer to break the Boeing-Airbus duopoly April 11, 2024 The crisis engulfing Boeing is showing no signs of abating. City A.M. explores whether the Boeing-Airbus duopoly could ever be broken.