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...He added that the union also would support a seat for the union of Boeing’s engineers, were they to pursue it....
...With up to an estimated $72bn of state-related support over the past 15 years, the development of the single-aisle aircraft is seen as a big step forward for President Xi Jinping’s vision of moving China...
...Disputes over state support for Airbus and its US rival Boeing have caused transatlantic tensions in the past....
...Boeing is going to need financial support from its investors. Engineering a better reputation will take a long time but it is crucial. pan.yuk@ft.com...
...It created a board-level aerospace safety committee and a chief safety officer role....
...He said that AutoFlight had “no direct support from state-owned funds or governments”, nor was it involved in Beijing’s military-civil fusion programme, expanded under President Xi Jinping to improve the...
...Southwest CEO Robert Jordan voiced some support for Boeing, saying: “I have absolute confidence they will work their way through this and address the issues.”...
...Boeing said: “We fully support the FAA and our customers in this action.”...
...We support all actions thatstrengthen quality and safety and we are taking actions across ourproduction system.”...
...“Boeing has a lot of risks out there,” says Bruce McClelland, senior contributing analyst at aerospace consultancy Teal Group....
...Boeing said it was aware of the incident and was “working to gather more information”. It said a “technical team” was ready to support the investigation....
...“The senior management of Boeing are in a shit storm again, which can’t be good for delivering aircraft,” he said. Still, he offered Boeing’s senior management his full support....
...The aerospace group said in a statement on Saturday that it supported the temporary grounding. “Safety is our top priority,” Boeing said....
...The aerospace companies published a report on Monday acknowledging that the UK government had supported the sector through initiatives such as the Aerospace Technology Institute, the body that allocates...
...Though aerospace manufacturers receive the bulk of their cash when they deliver planes to customers, Boeing reiterated its cash guidance for the year....
...Eyebrows will have shot towards hairlines, especially in the Arlington, Virginia, headquarters of rival Boeing. Its European rival has been performing strongly....
...Unlike other parts of the UK manufacturing base — hamstrung by the government’s failure to produce a coherent industrial strategy — aerospace has, on the whole, benefited from long-term state support for...
...“Xi has been talking about the need to accelerate defence modernisation and pushing for reforms that enable the economy to support a wartime footing....
...Airlines are having to replace older aircraft in their fleets as well as place orders to support future growth, said Stuart Hatcher, chief economist at consultancy IBA, who predicted significant deals at...
...That same month, gigabytes of data allegedly stolen from Boeing were leaked online after the aerospace group refused to pay a ransom....
...Only shares in Boeing, another big US defence contractor, have failed to rally....
...The US aerospace and defence group cannot “afford another slip-up” with its 737 Max aircraft, he told the FT. Read the full interview. 5....
...Global duopolies, where just two participants control the supply of a particular good or service, exist in some sectors such as aerospace, where most of the world’s largest commercial jets are made by Boeing...
...“At the beginning you’re going to have government support and assistance . . . to learn the efficiencies that need to go into ultimately getting that price down”, Vilsack told the Financial Times last week...
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