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Boeing Taps GE Executive As Its New Commercial CEO
Boeing said on Monday it hired veteran General Electric aviation executive Kevin McAllister as chief executive of its commercial airplanes business, effective immediately. McAllister, 53, will succeed...
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Boeing Could Be Sanctioned This Week Over Illegal Tax Breaks
The World Trade Organization is set to rule this week that Boeing ba received illegal tax breaks from Washington state, according to reports in The Telegraph and The Wall Street Journal. The Journal...
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WTO Rules Against Tax Break for Boeing’s 777X Jet
The World Trade Organization (WTO) ruled on Monday a tax break from Washington state to help Boeing develop its new 777X jetliner was a prohibited subsidy, in a setback for the U.S. plane maker as it...
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Why Donald Trump’s Air Force One Tweet Didn’t Spook Boeing’s Investors
In the wake of the 2016 election, it might seem cavalier to shrug off a tweet from President-elect Donald Trump, but that’s what Boeing investors did today. Boeing’s stock dipped 1% following an early...
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Donald Trump Says He Can Get Boeing to Sell Him a Cheaper Air Force One
Donald Trump, who was named TIME Person of the Year on Wednesday, said he will work to bring down the cost of Air Force One planes being developed by Boeing. “The planes are too expensive, and we’re...
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Why Corporate America Should Be Afraid of Trump’s Presidency
Is Donald Trump a savvy businessman who as president-elect is wielding his commercial skills to benefit America? Or is he a combination Mafioso and swaggering banana republic commandante? He isn't even...
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Boeing Will Still Put up $1 Million for Donald Trump’s Inauguration Despite...
Boeing made headlines Tuesday after President-elect Donald Trump took to Twitter to criticize the amount of money the airplane-maker was spending on a new Air Force One. But despite this attack, Boeing...
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Thanks to Twitter, Donald Trump Will Soon Be the Cyberbully-In-Chief
When Donald Trump was just another candidate among the herd of Republican hopefuls aiming for the White House, his use of Twitter as a “bully pulpit” to denigrate his opponents often seemed...
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Iran Close to Airbus Deal, to Get First Jets in 2017
Iran is close to finalising a deal to buy dozens of passenger jets from Europe’s Airbus, having signed a $16.6 billion deal with Boeing earlier on Sunday, an Iranian official told Reuters. The Airbus...
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What to Do When Donald Trump Attacks Your Company On Twitter
President-elect Donald Trump has wasted no time setting his sights on corporations with whom he disagrees, taking to Twitter to criticize Boeing, Carrier, and now Lockheed Martin. Like it or not, we...
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Boeing Is Cutting Down on One of Its Biggest Cash Cows
Boeing ba said on Monday that it will cut production of its twin-aisle 777 jetliner to five a month in August 2017, a 40% reduction from the current rate of 8.3 a month. The cut to one of Boeing’s...
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When Donald Trump Hate-Tweeted Lockheed Martin, Hedge Funds Were Ready
Even before Donald Trump went on Twitter and posted his market-cratering tweet lambasting Lockheed Martin‘s F-35 fighter jets, the company’s stock was already falling. At 8:26 a.m. on Monday, Trump...
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Why This Airline Is Planning to Replace Nearly Half Its Fleet
Cathay Dragon, the sister airline of Hong Kong’s Cathay Pacific cpcay , on Friday said it intends to replace its existing narrowbody fleet of 23 Airbus Group planes as part of a modernization plan. The...
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Iran Finalizes a 100-Jet Deal with Airbus
Iran has finalized an agreement with Airbus to acquire 100 jetliners, the first of which is tentatively expected to be delivered in mid-January, a senior official said on Monday. The deal, split...
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Boeing’s Commercial Jets Unit Is Cutting More Jobs Next Year
Boeing’s commercial airplanes unit said on Monday it would reduce its workforce in 2017, adding to the about 8% jobs the company has cut since the beginning of 2016. The company is offering a voluntary...
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Israel’s Spacecom Buys Boeing Satellite for $161 million
Israeli satellite operator Space Communications said on Wednesday it would launch a new telecommunications satellite in 2019 after losing a prior one in an explosion. Spacecom said it was buying a...
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Donald Trump Piles Twitter Pressure on Lockheed
U.S. President-elect Donald Trump heaped pressure on Lockheed Martin lmt on Thursday, saying he viewed costs for the aerospace company’s F-35 fighter as too high and had asked Boeing ba to offer a...
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Iran Says It’s Getting Planes From Boeing at Half the Price
Iran said on Sunday it had negotiated to pay only about half the announced price for 80 new Boeing airliners in an order that the American planemaker had said was worth $16.6 billion. Boeing and its...
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Boeing Internal Memo Warns of Layoffs This Year
Boeing warned on Tuesday that it will conduct involuntary layoffs of engineers, part of an ongoing cost-cutting drive as the aerospace and defense company responds to increasing competition amid...
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Boeing CEO Praises ‘Excellent Conversation’ with Donald Trump
Boeing’s chief executive said on Tuesday that he and President-elect Donald Trump “made progress” on lowering the cost of the Air Force One presidential aircraft fleet and on a potential sale of Boeing...
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