Boeing has reported third-quarter revenue of US$17.8 billion, with a GAAP loss per share of (US$9.97) and a core loss per share of (US$10.44), primarily due to the IAM work stoppage and charges on commercial and defence programmes. The company posted negative operating cash flow of (US$1.3 billion) and free cash flow of (US$2.0 billion). […]
Boeing reports US$17.8 billion revenue with significant Q3 losses Read More »
Emirates SkyCargo has announced an order for five additional Boeing 777 Freighters, further expanding its fleet of the twin-engine aircraft. This latest order, which was finalised in September, brings Emirates’ total Boeing wide-body aircraft orders to 249, including 14 of the 777 Freighters. The new acquisition builds on Emirates SkyCargo’s earlier purchase of five 777
Emirates SkyCargo expands fleet with additional 777 Freighters Read More »
Boeing has announced plans to cut 17,000 jobs in an effort “to align with our financial reality” as the aerospace giant faces ongoing challenges from a major strike and the fallout from its latest safety crisis, The Guardian reported. The the company also revealed it will delay the first delivery of its 777X commercial jetliner
Boeing to cut 17,000 jobs amid strike and safety crisis Read More »
Italian prosecutors have accused seven individuals and two sub-contractors of crimes including fraud and breaching aircraft safety regulations following an investigation into suspected flawed parts produced by an Italian company for Boeing, Reuters reported. The investigation, which began in late 2021, was launched after Boeing revealed that some parts for its 787 Dreamliner, supplied by
Italian prosecutors accuse seven of fraud over flawed Boeing parts Read More »
The first of eight Boeing AH-6 Little Bird light attack helicopters for the Royal Thai Army successfully completed its maiden flight on August 22, at Boeing’s facility in Mesa, Arizona. Following the delivery of the AH-6 fleet, Boeing will train the Royal Thai Army pilots at its Mesa site and the U.S. Army’s Yuma Proving
AH-6 Little Bird helicopter for Royal Thai Army completes maiden flight Read More »
Boeing has successfully completed the maiden flight of the UK’s E-7 Wedgetail for the Royal Air Force (RAF). A Boeing flight-test crew carried out functional checks during this first flight from Birmingham Airport, marking a significant milestone in the test and evaluation phase of the programme. Currently unpainted, this aircraft is one of three 737
Boeing completes first flight of UK’s E-7 Wedgetail Read More »
Ted Colbert, the head of Boeing’s Defence, Space & Security division, has been let go with immediate effect. Steve Parker, the division’s Chief Operating Officer, will temporarily assume the role while a search for a permanent replacement is conducted. This leadership change comes as Boeing grapples with significant challenges, including financial strain and issues with
Boeing Defence Head Ted Colbert to leave the company Read More »
Boeing’s 2024 Commercial Market Outlook (CMO) predicts that Africa’s commercial airplane fleet will more than double by 2043, driven by a growing, youthful population seeking increased travel opportunities. The region is expected to see deliveries of over 800 new single-aisle jets, contributing significantly to this expansion. According to Boeing, African passenger air traffic will grow
Boeing forecasts Africa’s commercial airplane fleet to more than double by 2043 Read More »
Boeing workers have initiated a strike following the rejection of a tentative deal that included a 25% pay rise. The strike, which began at midnight Pacific Time (07:00 GMT) on Friday, saw over 30,000 workers in Seattle and Portland downing their tools. This strike poses a significant challenge for Boeing, already grappling with mounting financial
Boeing workers strike after rejecting 25% pay rise Read More »
Boeing has announced a six-month delay in reaching a key production milestone for its 737 MAX, according to three industry sources. The revised timeline now aims to achieve an output of 42 MAX jets per month by March 2025, shifting from the previous target of September 2024. This delay underscores the ongoing difficulties Boeing is
Boeing delays 737 MAX production milestone by six months Read More »
