Boeing Financial News

SpaceX has launched a rescue mission for the two stuck astronauts at the International Space Station

SpaceX launched a rescue mission for the two stuck astronauts at the International Space Station on Saturday, sending up a downsized crew to bring them home but not until next year. The capsule rocketed into orbit to fetch the test pilots whose Boeing spacecraft returned to Earth empty earlier this month because of safety concerns. The switch in rides left it to NASA's Nick Hague and Russia's Alexander Gorbunov to retrieve Butch Wilmore and Sunita Williams. Since NASA rotates space station crews approximately every six months, this newly launched flight with two empty seats reserved for Wilmore and Williams won't return until late February. Officials said there wasn't a way to bring them back earlier on SpaceX without interrupting other scheduled missions.

Lawyers for Boeing and families of some people who died in two crashes of Boeing jetliners will go face to face in court next month

Subscribe to enjoy similar stories. Each year Airbus and Boeing, the two halves of the global aircraft duopoly, face off at the world’s most prestigious airshow, which alternates between Paris and Farnborough, in the countryside close to London. This year’s event in Farnborough, which opened on July 22nd, was a more subdued clash than usual.

The union representing Boeing’s striking factory workers in the Pacific Northwest says it expects to resume negotiations with the company on Friday

Federal safety investigators are making urgent recommendations to Boeing and the Federal Aviation Administration to prevent certain 737s from veering off the runway after landing

Representatives for NASA, Boeing Co. and the U.S. Coast Guard are slated to testify in front of investigators Thursday about the experimental submersible that imploded en route to the wreckage of the Titanic

Southwest Airlines leaders say they will provide more details about their plan to change the airline and increase profits

Boeing is giving the union for 33,000 striking workers more time, but it still wants a vote on its latest contract proposal

safety culture improvements at Boeing may take three to five years to complete. «It is not a six-month program — it is a three-year to five-year program,» FAA Administrator Mike Whitaker said, adding he has spoken to Boeing CEO Kelly Ortberg and the company's board of directors about the need for safety culture reforms. He said Boeing has made significant improvement in the short term. «On culture it is a long-term project… There is progress but they are not where they need to be.» Congress is holding two days of hearings on Boeing and the company's safety turnaround efforts.

Boeing is making what it calls a «best and final offer” to striking union machinists

Subscribe to enjoy similar stories. American Airlines Capt. Dan Carey knew his cockpit equipment was lying to him when an alert began blaring “pull up!" as his Boeing 777 passed over Pakistan in March—at an altitude of 32,000 feet, far above any terrain.

SpiceJet aims to have 100 aircraft by the end of 2026, its chairman and managing director Ajay Singh said, a day after the low-cost airline raised Rs 3,000 crore (about $360 million) through selling new shares. «SpiceJet is an airline that has strong fundamentals but was hamstrung by two black swan events one after the other — the worldwide grounding of Boeing 737 Max, followed by Covid pandemic,» Singh told ET in an interview. «But we have all the infrastructure ready to become a 100-strong fleet again… We have the airport slots, international traffic rights, pilots and crew, as well as the maintenance infrastructure,» he said.

Boeing is replacing the head of its defense and space business

Boeing has started rolling furloughs of nonunion employees as a week-old labor strike by 33,000 union machinists shows no signs of ending

Elon Musk is in conflict with the Federal Aviation Administration (FAA), which recently levied a fine of $633,009 against SpaceX for allegedly violating licensing regulations during two launches in 2023. According to the FAA, SpaceX utilized an unauthorized launch control room during the PSN SATRIA mission on June 18 and failed to conduct a required T-2 hour poll for another mission in May. FAA Chief Counsel Marc Nichols stated, “Safety drives everything we do at the FAA, including a legal responsibility for the safety oversight of companies with commercial space transportation licenses. Failure of a company to comply with the safety requirements will result in consequences."

Boeing said on Friday the head of its troubled space and defense unit is leaving the company immediately, in the first management change under new CEO Kelly Ortberg. Ortberg who took over in August said Ted Colbert would be leaving and Steve Parker, the unit's chief operating officer, would assume Colbert's responsibilities until a replacement is named at a later date. «At this critical juncture, our priority is to restore the trust of our customers and meet the high standards they expect of us to enable their critical missions around the world,» Ortberg wrote in an email to employees. «Working together we can and will improve our performance and ensure we deliver on our commitments.»

In a speech at the Central Bank Research Association in Lithuania today (20 September), the MPC member shared her case for the BoE to adopt an «activist policy strategy». This would entail maintaining a restrictive approach to monetary policy until «tail risks» to the inflation process have subsided, allowing the central bank to then «cut more aggressively» once it is certain the inflation target of 2% has been achieved «sustainably in the medium term». Mann explained the UK has a greater need for such an approach than the US and eurozone because, being a «small, open economy», it is ...

Swati Dhingra was the only member who did not want to keep rates at 5%, voting instead for a second 25 basis point cut. This follows the first rate cut from the BoE since August, which had been an incredibly close, split decision with five to four members in favour. Additionally, the MPC unanimously voted to reduce the stock of UK government bond purchases by £100bn over the next 12 months, bringing the total to £558bn. UK inflation holds firm at 2.2% as Bank of England decision beckons Andrew Bailey, governor of the Bank of England, said: «Inflationary pressures have continued ...

Subscribe to enjoy similar stories. The Bank of England left its key interest rate unchanged Thursday, taking a more cautious approach than the Federal Reserve in loosening the restraints it imposed on the economy to tame inflation. While it opted to stand pat, the U.K.’s central bank said that it is likely to follow up on an August cut over coming months in anticipation of a decline in inflation to its 2% target late next year, but also said it is concerned by the still-rapid pace at which services prices and wages are rising.

Boeing CEO Kelly Ortberg moved to Seattle while 33,000 of the company's workers took to the picket line. (Credit: Derrick Louie with Clarity Northwest Photography & Laura Halliday with Realogics Sotheby's International Realty and KCPQ)