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Tag: Boeing

Aviation

Boeing to assist Nigeria in securing aircraft insurance

Boeing International Corporation has expressed its willingness to support Nigerian airlines by helping them acquire aircraft and secure sufficient insurance coverage. This initiative would be facilitated through collaborations with reliable lessors and global financiers. The announcement was made during a meeting between Boeing and Nigerian aviation stakeholders in Dublin, Ireland, on Monday. Recall Boeing in […]

News

Boeing shares fall 3% after South Korea orders 737-800 inspections

Boeing shares fell over 3% in premarket trading on Monday after South Korea ordered an emergency inspection of all 737-800 planes operated by domestic carriers. This follows a deadly crash involving a Jeju Air flight over the weekend. South Korea’s Transport Ministry has been directed to inspect the entire airline operation system, with a specific […]

Hacker group Lockbit leaks Boeing data
News

Airline conference: Boeing to prioritise Nigerian aviation stakeholders

Boeing has announced plans to facilitate connections between Nigerian airlines and international investors at the upcoming Airline Economics Conference in Dublin, scheduled for January 12 to 15, 2025. This was disclosed in a letter to Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, dated October 24, 2024, where the director of Boeing’s commercial sales, […]

Boeing probes cyber attack
News

Boeing workers reject new 35% labour contract, continue strike

Boeing machinists have voted against a proposed labour deal that included a 35% wage increase over four years, their union announced Wednesday. This rejection, with 64% of voters opposing the contract, prolongs a strike that has disrupted most of the company’s aircraft production in the Seattle area for over five weeks, according to CNBC. The […]

News

Boeing makes new offer to union to end prolonged strike

Boeing and the union representing striking machinists have reached a new contract proposal aimed at ending a prolonged walkout that has severely impacted airplane production. The International Association of Machinists and Aerospace Workers announced plans for a ratification vote on Wednesday, according to AP News. The latest offer includes a 35% pay increase over four […]

Hacker group Lockbit leaks Boeing data
News

Boeing defense chief to step down from role

The head of Boeing’s defense unit, Ted Colbert is leaving the company effective immediately, according to CEO Kelly Ortberg. Ortberg made this disclosure in a staff memo on Friday, according to CNBC. This marks Ortberg’s first significant executive change since he assumed the role in early August, according to CNBC “At this critical juncture, our […]

Hacker group Lockbit leaks Boeing data
Aviation News

Boeing, workers reach deal to prevent strike

Boeing and the International Association of Machinists and Aerospace Workers have reached a new labour agreement, averting a potential strike. The deal includes a 25% wage increase over four years, improvements in health-care costs and retirement benefits, and a commitment from Boeing to manufacture its next airplane in the Pacific Northwest. Meanwhile, the agreement must […]

News

Nigerian airlines, Boeing partner to strengthen aircraft acquisition, safety practices

Major Nigerian airlines, represented by the Airline Operators of Nigeria, have entered into a Memorandum of Understanding with Boeing to enhance aircraft acquisition and safety standards in the country. The agreement, aimed at advancing various aspects of Nigeria’s aviation industry, was finalized on Wednesday in Seattle, Washington. Led by Nigeria’s Minister of Aviation and Aerospace […]

Aviation

Shareholders reject Boeing CEO’s 45% pay rise

The Institutional Shareholder Services called on Boeing Company investors to vote against a $32.8 million pay package for its chief executive officer, David Calhoun, citing concerns over a special equity award and a “sizable increase” in his long-term incentive grant. This was disclosed by the shareholder advisory firm at the company’s annual meeting, according to […]

Embattled Boeing CEO Dave Calhoun steps down
Aviation

Embattled Boeing CEO Dave Calhoun steps down

Boeing CEO Dave Calhoun announced on Monday his decision to step down at the end of 2024, alongside several other executives leaving their positions, amidst ongoing concerns regarding the safety of the company’s aircraft. Calhoun, who assumed the CEO role in 2020, referred to the Jan. 5 incident involving Alaska Airlines Flight 1282, where a […]