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...up the value chain in technology and providing more of a challenge to its western rivals — particularly at a moment when Boeing’s safety record is under scrutiny after a door panel blew out on a plane in...
...Boeing’s largest labour union is seeking a board seat at the plane maker, saying “we have to save this company from itself” as quality control concerns draw scrutiny from customers, passengers and regulators...
...“To fix Boeing’s issues the company needs a strong engineering lead as its head coupled to a governance model which prioritises safety and quality,” Clark told the Financial Times on Tuesday....
...The Chicago-based airline posted a pre-tax loss of $164mn, which the carrier said reflects “the approximately $200mn impact from the Boeing 737 Max 9 grounding, without which the company would have reported...
...The Chicago-based airline had a pre-tax loss of $164mn, which the carrier said reflects “the approximately $200mn impact from the Boeing 737 Max 9 grounding, without which the company would have reported...
...Boeing benchmarks executive pay against packages at other big US companies such as ExxonMobil....
...Sam Salehpour, a quality engineer at the company, said he was berated by a manager in response to repeatedly questioning the safety of the 777 and 787 aeroplanes....
...Also likely to be of interest is troubled aircraft manufacturer Boeing, reporting first-quarter figures on Wednesday, a day ahead of its European rival Airbus....
...Boeing has a company-wide problem with employees fearing retaliation for speaking up, testified Javier de Luis, an aerospace engineer at Massachusetts Institute of Technology who sat on an expert panel that...
...The company said the claims were “inaccurate”. “Voluntary reporting without fear of reprisal is a critical component in aviation safety,” the Federal Aviation Administration told the Financial Times....
...The regulator has limited the number of 737 Maxes Boeing can build per month to 38 and given the company until the end of May to submit a plan to improve quality....
...Dave Calhoun, the chief executive of Boeing, is to step down at the end of this year, as part of a sweeping overhaul of the management at the US plane maker....
...The company is in a reputational crisis. This C-suite shake-up should be welcomed....
...The US Federal Aviation Administration said it would investigate a fresh mishap involving a Boeing aircraft, after a piece of engine housing fell off a Southwest Airlines plane on Sunday morning....
...Boeing needs to be an engineering and manufacturing-driven company. The 1997 reverse merger with McDonnell Douglas put profit and cost controls above all else....
...But five years after twin Boeing 737 Max 8 plane crashes killed 346 people, and two months after a door panel on another model blew out mid-flight, the company’s woes seem to be deepening....
...Boeing has disclosed a $32.8mn pay award for outgoing chief executive Dave Calhoun, a 45 per cent increase from the previous year even as the aircraft manufacturer struggles to contain a crisis of confidence...
...“To fix Boeing’s issues, the company needs a strong engineering lead as its head coupled to a governance model which prioritises safety and quality,” said Clark on Tuesday....
...The settlement between the company and the state department covers a range of incidents, including unauthorised exports and retransfers of technical data to foreign employees and contractors, unauthorised...
...This is a lucrative but often overlooked side business that should help to insulate the company against some of the aforementioned cyclical problems....
...While at Qualcomm, the company faced lawsuits from the US Federal Trade Commission, a hostile takeover bid and pressure from activist shareholders....
...They have decreased 23 per cent to $191.40 in the wake of the door-panel incident, giving the company a market value of $116.8bn....
...“As the company continues its efforts to restore stability and public confidence during a pivotal period of transition for Boeing, it bears emphasis that Calhoun’s 2023 awards were designed to emphasise...
...He noted that, like BP or Volkswagen, Boeing is a very large, important company with a tradition of excellence and influence....
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