Boeing Posts Q3 Loss of $6.2 Billion As Worker Strike Continues
As 33,000 machinists continue their strike action, embattled US aerospace giant Boeing has posted a third quarter net loss topping $6 billion.
As 33,000 machinists continue their strike action, embattled US aerospace giant Boeing has posted a third quarter net loss topping $6 billion.
Boeing workers have voted to reject a new labor contract proposal, continuing a strike that has crippled aircraft production for nearly six weeks.
Airbus has partnered with Kansai Airports and Kawasaki Heavy Industries to explore hydrogen infrastructure development at 3 major Japanese airports.
Embraer has seen a 33% year-on-year aircraft delivery increase in Q3 2024, delivering 57 aircraft amid a record US$ 22.7 billion backlog.
Boeing and the IAM union have reached a tentative agreement which will now be put to a vote by 33,000 striking machinists on Wednesday 23 October.
Deutsche Aircraft will showcase its 40-passenger D328eco regional turboprop aircraft at the ATAC conference in Vancouver from November 5 to 7.
Boeing now plans to raise up to $35 billion to shore up its financial bottom line amid looming debt liabilities and an ongoing workers strike.
Britten-Norman will scale up its Islander production after securing substantial investment from Northern Ireland-based Beechlands Enterprises.
As strike action continues, Boeing has announced it will cut 17,000 jobs and will now delay deliveries on its 777X program to 2026.
Embraer's E190F E-Freighter has now received full certification from the Federal Aviation Administration (FAA).