The key story revolving around Boeing is the progress of the 10% global staff cuts. So fare, there have been 2,199 layoffs in Washington, 50 in Oregon, and 220 in South Carolina as the cuts that are projected to total…
Beleaguered Spirit AeroSystems, which is in financial difficulty prior to the completion of its acquisition by Boeing and spin-off of a portion to Airbus, is selling its Fiber Materials unit. The transaction with Tex-Tech Industries is an all cash deal…
It is a relatively quiet day for Boeing headlines, as airlines continue to react to delayed deliveries and Boeing begins its cost-cutting process. Southwest airlines has reduced its expected MAX deliveries in 2025 from 86 to 73 aircraft. With…
Today’s news about Boeing includes a new board member, a new defense executive, and a large agenda for CEO Ortberg. Tim Buckley, the former CEO of Vanguard, will join Boeing’s board. At 55, he is younger than most of…
As we move through November, here’s an update on the US airline fleet. Through yesterday, US Airlines have taken 185 single-aisle deliveries. United Airlines has the most deliveries by a wide margin; Southwest Airlines took the honors last year. Just…
Today is a relatively quiet day in the news for Boeing. The company has begun its 10% staff cuts and the process of delivering “pink slips” to impacted employees began yesterday. The company plans to become more productive, with a…