Boeing HQ
Today’s key Boeing news items focus on what happens after the IAM strike, and what is next as the company’s turnaround efforts continue. The company had to make concessions to end the strike, and tallying up the contract changes underscores the strong position the IAM had in its negotiations. The company is also expected to burn cash in 2025, a sign that the recovery will be lengthly.
Underscoring that conclusion, an industry analyst predicts that it could be a decade before Boeing returns to normal. The company and its CEO is battling to mend rifts after the bitter strike ends. Our take is that trust is the first thing Boeing needs to restore, with employees, suppliers, customers, regulators, shareholders, and Wall Street to execute the turnaround.
Finally, it appears that Cathay Pacific is on the verge of a major aircraft order for both 787 and 777-9 aircraft, which would boost Boeing’s order book, and provide a vote of confidence for the company.
Links to key news follow:
- What Boeing gave up to end the costly machinists strike – Quartz
- Boeing expects to burn cash in 2025 in sign of lengthly recovery – Bloomberg via MSN
- Could be a decade before Boeing is back to normal, analyst says – KUOW Public Radio
- Boeing CEO in battle to mend rifts after bitter strike ends – Reuters via MSN
- Trust is the first thing Boeing needs to restore – AirInsight
- Cathay Pacific eyes new wide-body order for Boeing 787, 777X – Aviation A2Z
Views: 2
