-
Boeing is exploring the sale of parts of its space business, including the troubled Starliner spacecraft, amid ongoing financial losses and operational challenges. The company has reported nearly $6 billion in losses, raising concerns about its future in the aerospace industry.
-
European airlines are grappling with declining profits amid rising operational costs and delivery delays from Boeing. Ryanair reported an 18% drop in profits, while Air France-KLM's earnings fell short of expectations due to reduced travel during the Paris Olympics. British Airways' parent company, IAG, posted strong profits, contrasting with its competitors' struggles.
-
Boeing workers have ratified a new contract, ending a seven-week strike that halted production. The International Association of Machinists and Aerospace Workers reported that 59% of members approved a deal featuring a 38% pay increase over four years, but the company declined to restore a frozen pension plan.
-
Comac's rebranded C909 regional jet aims to compete with Embraer's E2 series, focusing on short to medium-haul flights. Despite securing some orders, Comac faces challenges in international markets, particularly in the US and Europe, where certification remains a hurdle.
-
Boeing plans to lay off nearly 2,200 workers in Washington state as part of a broader strategy to reduce its workforce by 10%. The layoffs come amid ongoing financial struggles and production issues following a recent strike by machinists. Affected employees will remain on payroll until mid-January 2025.