Key Boeing news centers about a new offer to the IAM that increases pay by 38%, but does not restore a pension. Union leadership has endorsed this offer, which both sides hope will end the strike. The proposed deal includes…
Cape Town, South Africa, welcomed yet another airline offering direct flights to its shores ahead of its peak Southern Hemisphere summer season. Norse Atlantic Airways undertook its inaugural direct flight between London (Gatwick) and Cape Town on Tuesday, October 25.…
Talks Resume Today’s news is focused on a productive meeting between Boeing and the IAM. The two sides spoke for the first time since the last offer was rejected, and are apparently making progress toward yet another proposal to be…
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Today’s key news for Boeing is their $21 billion capital raise to repair their balance sheet and provide adequate cash over the coming year. With significant scheduled debt repayment and funding of operating losses and cash deficits looming, the company…
The key news surrounding Boeing today is the company’s move to raise $19 billion in a share issue to shore up liquidity and maintain an investment grade credit rating. The no vote that resulted in a continuation of the IAM…