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...Regarding the board seat, Boeing said it would “continue to review all of the union’s proposals and plan to discuss them at the bargaining table”....
...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....
...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....
...Boeing warned this month that it would burn more cash in the first quarter than previously expected. Production delays mean plans to reach a $10bn cash flow target by 2025-26 look doubtful....
...Whitaker said the plan should incorporate the findings of an expert panel and the FAA’s ongoing audit of the company’s manufacturing and quality processes....
...A US banking regulator has paused plans to rein in the influence of large investors on individual lenders after it became clear at an open meeting that neither of two rival proposals had majority support...
...a plan to fix quality issues....
...This is a lucrative but often overlooked side business that should help to insulate the company against some of the aforementioned cyclical problems....
...But the plan, to be delivered in 90 days, must include steps to “mature” the safety management system the company committed to five years ago, the FAA said....
...He was giving the board “plenty of notice” to plan his succession....
...For the year, Boeing’s free cash flow will be in the “single-digit billions of dollars,” West said. The company reported $4.4bn of free cash flow in fiscal 2023....
...O’Leary, whose growth ambitions for Ryanair are reliant on Boeing aircraft, has been consistently supportive of the company’s top executives despite the production problems....
...The company said the security services were “in the interests of the company and its shareholders”, owing to the “critical value” the pair provided....
...brooke.masters@ft.com Follow Brooke Masters with myFT and on X...
...There are plenty of companies — and people — trying to find a path back at the moment. 1) The biggest fightback of them all is required from Boeing....
...“My plan is to have a vote at the next [FDIC] board meeting, and I have put that on the proposed agenda....
...Taiwan Semiconductor Manufacturing Co, the world’s largest chipmaker, has upgraded plans for production in Arizona, in a boost to the Biden administration’s efforts to bring the semiconductor supply chain...
...Under its current plans it does not expect to receive the first Max 10 until 2027, but O’Leary said he would talk to Boeing about earlier deliveries if other airlines backed away from the plane....
...The FAA ordered the model grounded until extensive inspections and maintenance took place. The halt to increased Max production will impede Boeing’s plans for the narrow-body jet....
...Calhoun’s plans to ramp up production of its best-selling 737 Max aircraft were meanwhile foiled this week by the Federal Aviation Administration, as the US regulator probes the company’s manufacturing and...
...“Today in America, the retirement message that the government and companies tell their workers is effectively: ‘You’re on your own.’”...
...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...
...Last year, the chancellor announced plans to channel more money into unlisted companies....
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