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Boeing has agreed to forward $425 million in advance payments to Spirit AeroSystems to help the supplier manage increased inventory levels and reduced cash flow. This financial assistance comes in response to the U.S. aviation regulator's decision to limit Boeing's 737 MAX production rates. The financial support aims to stabilize Spirit AeroSystems' operations as it [...]
Even as Boeing grapples with mounting scrutiny over safety issues plaguing its 737 series jets, two high-ranking executives are poised to receive substantial compensation packages. Despite announcing their departures from the company, these leaders stand to collect a combined total of $45 million, according to recent disclosures from Boeing. The significant payouts to these executives [...]
Boeing has offered updated insights into the near-term production rate outlooks for its 737 and 787 aircraft models, highlighting the critical factors influencing monthly output. According to Boeing, the availability of nearly flawless fuselages and an adequate supply of heat exchangers are the primary constraints determining the production rates of these aircraft. The meticulous manufacturing [...]
The Federal Aviation Administration (FAA) announced on Tuesday that it is looking into allegations made by a union regarding Boeing's alleged retaliation against two engineers who advocated for a re-evaluation of prior engineering work on 777 and 787 jets in 2022. According to the Society of Professional Engineering Employees in Aerospace (SPEEA), the two engineers, [...]
Spirit AeroSystems has disclosed a $425 million deal with Boeing to tackle issues such as inventory levels and cash flow challenges following the FAA's production cap on the planemaker's 737 MAX aircraft. This agreement, announced by Spirit on Tuesday, coincides with discussions between the two companies regarding Boeing's potential acquisition of the fuselage supplier, a [...]
Boeing's endeavor to regain ownership of Spirit AeroSystems Holdings, a move aimed at reversing a divestment made in 2005, is encountering challenges related to the valuation of factories producing components for Airbus. According to sources familiar with the situation, as reported by Bloomberg News on Tuesday, this hurdle has stalled Boeing's efforts to proceed with [...]
As Boeing prepares for a leadership change later this year, the incoming CEO faces an immense challenge: orchestrating a profound cultural shift within the company's vast workforce of over 170,000 employees, a significant portion of whom are engineers. The realm of modern air transportation stands as a testament to human ingenuity, where complex aircraft take [...]
Air India has successfully sold four Boeing 747-400 aircraft to the United States-based aftermarket aircraft broker, AerSale, as reported by The Economic Times. This sale concludes an extensive marketing effort by the flag carrier, which ceased operating these aircraft for revenue flights back in 2021. The sale was managed by the UK-based remarketing firm Skytech-AIC. [...]
United Airlines has reached a compensation agreement with Boeing over financial losses stemming from the grounding of its Boeing 737-9 fleet and delays in certifying the Boeing 737-10, according to a recent SEC filing by the airline. The specifics of the compensation, described only as "confidential," involve credit memos from Boeing that United will use [...]
Alaska Airlines has revised its aircraft delivery expectations from Boeing for 2024, with the airline now anticipating receiving between ten and twenty Boeing 737 MAX planes, down from the previously expected 23. The announcement was made by Ben Minicucci, President and CEO of Alaska Air Group, during a first-quarter investor call. Shane Tackett, CFO of [...]
