Boeing top boss Kelly Ortberg shows promise with tentative labor deal
Recasts lead with proposed labor deal, adds background in paragraph 2, adds Starlink landing and labor deal in paragraphs 40-42
Sept 8 (Reuters) - Boeing BA.N has reached a tentative deal with a union representing more than 32,000 workers in the U.S. Pacific Northwest, an early win for new Boeing CEO Kelly Ortberg that could help avert a possible crippling strike as the troubled planemaker looks to restore confidence with regulators, the industry and the public.
Boeing, one of two global planemaking giants, has faced a reputational and safety crisis after a Jan. 5 mid-air panel blowout on a 737 MAX 9 jet, that led to the eventual resignation of CEO Dave Calhoun.
Here is a timeline of recent issues surrounding Boeing:
OCTOBER 2018: A Lion Air MAX plane crashes in Indonesia, killing all 189 people on board.
NOVEMBER 2018: The FAA and Boeing say they are evaluating the need for software or design changes to 737 MAX jets following the Lion Air crash.
MARCH 2019: An Ethiopian Airlines MAX crashes, killing all 157 people on board. China's aviation regulator becomes the first in the world to ground the MAX, followed by others including the U.S. Federal Aviation Administration.
APRIL 2019: The FAA forms an international team to review the safety of the 737 MAX. Boeing cuts monthly production by nearly 20%.
JULY 2019: Boeing posts its largest ever quarterly loss.
SEPTEMBER 2019: Boeing's board of directors creates a permanent safety committee to oversee development, manufacturing and operation of its aircraft.
OCTOBER 2019: Boeing fires Kevin McAllister, the top executive of its commercial airplanes division.
DECEMBER 2020: The company fires CEO Dennis Muilenburg in the wake of the twin crashes.
JANUARY 2020: Boeing suspends 737 production, its biggest assembly-line halt in more than 20 years.
MAY 2020: Boeing resumes 737 MAX production at a "low rate."
JUNE 2020: Boeing begins a series of long-delayed flight tests of its redesigned 737 MAX with regulators at the controls.
SEPTEMBER 2020: An 18-month investigation by a U.S. House of Representatives panel finds Boeing failed in its design and development of the MAX as well as its transparency with the FAA, and that the FAA failed in oversight and certification.
NOVEMBER 2020: The U.S. FAA lifts the grounding order, allowing the 737 MAX to fly again.
DECEMBER 2020: Congress passes legislation to reform how the FAA certifies new airplanes, including requiring manufacturers to disclose certain safety-critical information to the FAA.
JANUARY 2021: The European Union Aviation Safety Agency approves the MAX's return to service in Europe.
MARCH 2021: China's aviation regulator says major safety concerns with the MAX needed to be "properly addressed" before conducting flight tests.
APRIL 2021: Boeing halts 737 MAX deliveries after electrical problems re-ground part of the fleet.
NOVEMBER 2021: Current and former Boeing company directors reach a $237.5 million settlement with shareholders to settle lawsuits over safety oversight of the 737 MAX.
OCTOBER 2022: The FAA tells Boeing that some key documents submitted as part of the certification review of the 737 MAX 7 are incomplete and others need a reassessment.
DECEMBER 2022: Congress agrees to extend a deadline for new standards for modern cockpit alerts stemming from the 2020 legislation after intense lobbying from Boeing.
APRIL 2023: Boeing pauses deliveries of some 737 MAXs to deal with a new supplier quality problem involving non-compliant fittings.
JULY 2023: Boeing's first delivery of the 737 MAX 7 is delayed to 2024.
AUGUST 2023: Boeing identifies a new 737 MAX supplier quality problem involving improperly drilled holes on the aft pressure bulkhead.
SEPTEMBER 2023: Boeing 737 MAX deliveries fall to their lowest levels since August 2021.
DECEMBER 2023: Boeing makes its first direct delivery of a 787 Dreamliner to China since 2019, seen as a precursor to China potentially unfreezing deliveries of the 737 MAX.
JANUARY 2024: A mid-air cabin blowout compels Alaska Air to perform an emergency landing of its recently acquired 737 MAX 9 aircraft, prompting the FAA to ground 171 of these jets and initiate an investigation. The FAA also bars Boeing from increasing MAX output, but lifts the grounding of MAX-9s once inspections were completed.
FEBRUARY 2024: The U.S. National Transportation Safety Board (NTSB) published its preliminary report on the Alaska Air incident involving a Boeing 737 MAX jet. According to the investigation, the door panel that flew off the jet mid-flight appeared to be missing four key bolts.
MARCH 2024:
**The FAA's 737 MAX production audit finds multiple instances where Boeing and Spirit AeroSystems SPR.N allegedly failed to comply with manufacturing quality control requirements. This comes daysafter Boeing said it was in preliminary talks to buy Spirit.
**The ongoing crisis may mean Boeing will need more time to hit key financial targets for coming years, its CFO warns.
** Airbus AIR.PA clinches orders for 65 jets from two of Boeing's key Asian customers, Japan Airlines 9201.T and Korean Air 003490.KS.
** The U.S. planemaker says CEO Dave Calhoun will step down and announces that Stan Deal, Boeing Commercial Airplanes President and CEO, will be succeeded by Stephanie Pope.
MAY 2024
** The U.S. Department of Justice says Boeing breached its obligations in a 2021 agreement that shielded it from criminal prosecution over 737 MAX crashes in 2018 and 2019.
JULY 2024:
** Boeing acquires Spirit AeroSystems back in an all-stock deal for $4.7 billion in equity value. The deal comes as Boeing, which had sold Spirit in 2005 to cut costs, attempts to solve its quality hurdles and accelerate jet deliveries.
** Boeing agrees to plead guilty to a criminal fraud conspiracy charge and pay a fine of $243.6 million to resolve the U.S. Justice Department investigation into the two 737 MAX fatal crashes in 2018 and 2019.
** Boeing names former Rockwell Collins executive Kelly Ortberg as its new president and CEO after a months-long search.
AUGUST 2024:
**Reuters reports Boeing and Lockheed Martin LMT.N are in talks to sell their rocket-launching join venture United Launch Alliance to Sierra Space, a deal that could value ULA at around $2 billion to $3 billion, sources said.
SEPTEMBER 2024:
**Boeing's Starliner spacecraft lands uncrewed in a New Mexico desert after technical issues left two astronauts it ferried to the International Space Station marooned there until February 2025, when a SpaceX vehicle is expected to return them to Earth.
**Boeing said it had reached a tentative agreement with a union representing more than 32,000 workers in the U.S. Pacific Northwest, in a deal that could help avert a possible crippling strike as early as Sept. 13. The proposed four-year agreement must still be approved by union members.
INSTANT VIEW-Boeing CEO to step down in management shakeup ID:nL3N3G32EP
Boeing CEO Dave Calhoun to step down in shakeup amid safety crisis ID:nL2N3G30U0
FACTBOX-Boeing's Stephanie Pope to lead commercial airplanes unit in major reshuffle ID:nL3N3G32I4
FACTBOX-Who is Boeing's new CEO Kelly Ortberg? ID:nL4N3JN1QN
Reporting by David Gaffen, Nathan Gomes and Pratyush Thakur; Editing by Leslie Adler, Devika Syamnath, Saumyadeb Chakrabarty, Maju Samuel and Diane Craft
Actifs liés
Dernières actualités
Avertissement : Les entités de XM Group proposent à notre plateforme de trading en ligne un service d'exécution uniquement, autorisant une personne à consulter et/ou à utiliser le contenu disponible sur ou via le site internet, qui n'a pas pour but de modifier ou d'élargir cette situation. De tels accès et utilisation sont toujours soumis aux : (i) Conditions générales ; (ii) Avertissements sur les risques et (iii) Avertissement complet. Un tel contenu n'est par conséquent fourni que pour information générale. En particulier, sachez que les contenus de notre plateforme de trading en ligne ne sont ni une sollicitation ni une offre de participation à toute transaction sur les marchés financiers. Le trading sur les marchés financiers implique un niveau significatif de risques pour votre capital.
Tout le matériel publié dans notre Centre de trading en ligne est destiné à des fins de formation / d'information uniquement et ne contient pas – et ne doit pas être considéré comme contenant – des conseils et recommandations en matière de finance, de fiscalité des investissements ou de trading, ou un enregistrement de nos prix de trading ou une offre, une sollicitation, une transaction à propos de tout instrument financier ou bien des promotions financières non sollicitées à votre égard.
Tout contenu tiers, de même que le contenu préparé par XM, tels que les opinions, actualités, études, analyses, prix, autres informations ou liens vers des sites tiers contenus sur ce site internet sont fournis "tels quels", comme commentaires généraux sur le marché et ne constituent pas des conseils en investissement. Dans la mesure où tout contenu est considéré comme de la recherche en investissement, vous devez noter et accepter que le contenu n'a pas été conçu ni préparé conformément aux exigences légales visant à promouvoir l'indépendance de la recherche en investissement et, en tant que tel, il serait considéré comme une communication marketing selon les lois et réglementations applicables. Veuillez vous assurer que vous avez lu et compris notre Avis sur la recherche en investissement non indépendante et notre avertissement sur les risques concernant les informations susdites, qui peuvent consultés ici.
