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...Moody’s downgraded Boeing’s senior unsecured debt rating to one notch above junk with a negative outlook, citing “inadequate performance” of the company’s commercial planes business....
...Given the level of government scrutiny facing Boeing and its manufacturing difficulties, aligning regulatory and commercial interests might seem sensible....
...Regulators have given the company until the end of May to submit a plan to improve....
...The company this week reported burning almost $4bn in cash in the first quarter....
...Boeing is being investigated by aviation regulators and the US Department of Justice after a door panel violently detached from the fuselage of an Alaska Airlines jet in mid-flight in January....
...Alaska — the fifth-largest US commercial carrier — will pay $18 a share for Hawaiian Holdings in an all cash deal....
...The Alaska Airlines blowout happened two days before the three-year probationary period expired....
...In cash terms, the Boeing boss took home $5mn in pay vs $7mn in 2022, according to the company. He also waived his right to a $2.8mn incentive payment after the Alaska Airlines incident....
...Boeing is replacing the executive in charge of manufacturing its 737 Max aircraft, weeks after a door panel blew out of one of the planes on an Alaska Airlines flight....
...The company also announced plans for a series of “quality stand downs” at all of its commercial aeroplane factories and fabrication sites, where it will halt production while employees take part in “working...
...The mid-air breach of the fuselage of an Alaska Airlines Boeing aircraft has put the spotlight on Spirit AeroSystems, one of the plane maker’s biggest suppliers....
...Stan Deal, head of the company’s commercial aeroplane division, which has been at the centre of the door-plug incident, is to retire immediately, Boeing added....
...Alaska — like JetBlue — will argue that consolidation is needed to create a stronger company to compete against the industry’s traditional Big Four airlines....
...That is more than Alaska’s 65, or the combined total of 52 at Copa Airlines, Aeroméxico and Icelandair....
...The company, a key Boeing supplier, installs the plugged door as part of the construction of the 737 Max fuselage....
...She rose through the ranks, becoming CFO of the services division, then taking the same role at the commercial planes business. In the same 2017 interview, she noted that “culture eats strategy....
...Deal, a Boeing veteran who joined the company in 1986, has been head of its commercial aircraft business since October 2019....
...company” with “my, and our, deepest gratitude” for his contributions to the company over nearly two decades....
...The most famous aerospace company in the US has a big credibility problem....
...Important customers, including Ryanair and aircraft lessor AerCap, have in recent weeks warned that the company needs to focus on safety and quality control....
...Spirit built the door plug that blew out on the Alaska aircraft in mid-air. The extra steps were outlined in a memo to employees from Stan Deal, Boeing’s head of commercial aeroplanes....
...The two companies have been at the centre of federal investigations probing last month’s mid-flight blowout of a section of the fuselage of an Alaska Airlines aircraft....
...The company, a crucial Boeing supplier, installs the plugged door as part of the construction of the 737 Max fuselage for some aircraft....
...commercial aircraft business....
...The company has cut the rate at which it produces 737 Max planes as it seeks to resolve manufacturing flaws, resulting in delivery delays that have forced some airlines to amend their flight schedules....
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