Saudi Arabian commercial aircraft lessor places order for up to 30 new Boeing 737 Max jets
RIYADH, SAUDI ARABIA—AviLease, a global aircraft lessor headquartered in Riyadh, Saudi Arabia, today announced that it has signed an agreement with Boeing for an order of 30 Boeing 737-8 aircraft—20 737-8 jets and options for 10 more. Deliveries are scheduled through 2032. The announcement came as Boeing CEO Kelly Ortberg is accompanying President Donald J Trump […]
Boeing Q1 Results: ‘737 production gradually’
ARLINGTON, Va.—The Boeing Company recorded first quarter revenue of $19.5 billion, GAAP loss per share of ($0.16) and core loss per share (non-GAAP) of ($0.49) (Table 1). The company reported operating cash flow of ($1.6) billion and free cash flow of ($2.3) billion (non-GAAP). Results primarily reflect improved operational performance and commercial delivery volume. Results also reflect only […]
Employment Security receives $2 million federal grant to help laid off Boeing workers
OLYMPIA—The Employment Security Department was awarded a $2 million grant from the U.S. Department of Labor to help more than 2,000 Boeing workers living in Washington who were affected by the company’s recent layoffs. Workforce Snohomish, Future Workforce Alliance of Snohomish County and the Workforce Development Council of Seattle-King County, in partnership with Employment Security, […]
Boeing reports $11.8 billion annual loss in latest quarterly results
ARLINGTON, VA—The Boeing Company delivered its fourth quarter results on Tuesday, January 28, clocking a 31% decrease in revenue from 2023 which it says was driven by the IAM strike and other factors. Net earnings for the quarter were a loss of $3.9 billion for an annual earnings loss of $11.8 billion. Annual revenues for […]
Boeing Reports Preliminary Fourth Quarter Results
ARLINGTON— The Boeing Company announced on Thursday, January 23, it will recognize impacts to its financial results related to the IAM work stoppage and agreement, charges for certain Defense, Space & Security programs and costs associated with workforce reductions announced last year when it reports fourth quarter results on January 28. The company expects to […]
Boeing announces over 4,000 layoffs across the country
ARLINGTON, Va.—According to Worker Adjustment and Retraining Notification Act (WARN) announcements throughout the country, compiled by the Lynnwood Times, The Boeing Company as of December 9, has announced 4,272 layoffs in 10 states with Washington, by far, having the largest job cuts. The first WARN notifications appeared in Washington, Oregon, and South Carolina on November […]
Boeing lays out ramp up plan as 33,000 machinists return to work
EVERETT—Tens of thousands of International Association of Machinists (IAM) 751 & W24 union members returned to work Tuesday, November 12, following approval of a historic agreement with Boeing on November 4, ending a 53-day strike that cost the aerospace juggernaut billion dollars in lost revenue. The Boeing Production System follows a lean methodology utilizing Just-in-Time, […]
Third time is the charm: IAM union approves contract
SEATTLE—International Association of Machinists 751 & W24 union members voted, 59 percent, on Monday, November 4, to accept the latest October 31 contract offer from Boeing—the strike has ended. “This is time for us to come together, this is a victory,” International Association of Machinists 751 President Jon Holden said to cheers and a few boos from […]
Boeing and IAM announce new contract vote for Nov 4
EVERETT—With the assistance of Secretary of Labor Julie Su, the International Association of Machinist (IAM) 751 & W24 will be allowing its 33,000 members on Monday, November 4, to vote on an updated contract offer by Boeing with hopes to ending a 49-day strike that has cost billions of dollars in lost revenue. “Your Union […]
Boeing announces stock offerings of $22 billion to pay debt and raise capital
ARLINGTON—Less than a week after reporting $6.2 billion in third quarter losses and machinist union members rejecting its latest contract offer, Boeing announced on October 28, stock offerings to raise up to $22 billion to help ease its financial woes. “Boeing intends to use the net proceeds from the Offerings for general corporate purposes, which […]
