aviation
New York (AFP) - Boeing shareholders voted Friday to back outgoing CEO Dave Calhoun's pay deal and reelection to the board, in an endorsement of company leadership as it faces heavy scrutiny over safety problems. The company announced the preliminary vote results at its annual meeting, saying all 11 directors had been reelected and that shareholders backed Calhoun's planned $33 million compensation package. Advisory services firm Glass Lewis had urged shareholders to reject Calhoun's nomination, while Investor Shareholder Services (ISS) had recommended a "no" vote on Calhoun's compensation pac...
AFP
New York (AFP) - Since announcing plans in late March to replace CEO Dave Calhoun at the end of 2024, Boeing's problems have seemingly gone from bad to worse, complicating an already daunting executive search. In the ensuing weeks, Boeing has endured troubling congressional hearings with whistleblowers and safety experts, repeat delays to a space launch, and a steep decline in commercial plane deliveries that has deepened financial losses. On Tuesday night, the Department of Justice said Boeing had breached a 2021 criminal settlement over the 737 MAX crashes, opening the company up to possible...
AFP
New York (AFP) - The Department of Justice said that Boeing can be prosecuted for violating a 2021 criminal settlement over the certification of the 737 MAX. The DOJ determination, filed in US court in Texas on Tuesday, comes on the heels of a near-catastrophic Alaska Airlines flight in January that made an emergency landing after a panel on the fuselage blew out. US officials gave Boeing until June 13 to respond with input the United States "shall consider in determining whether to pursue prosecution of (Boeing)." What was the 2021 settlement?In January 2021, the Department of Justice announc...
AFP
San Francisco (AFP) - The US Justice Department on Tuesday said Boeing can be prosecuted for two subsequent 737 Max crashes that killed 346 people approximately five years ago. Boeing breached obligations under an agreement that had shielded it against legal proceedings for the accidents, department officials said in a letter to a federal court in Texas. Boeing told AFP "we believe that we have honored the terms of that agreement" and said that it plans to defend itself. US officials said in their letter that Boeing breached its obligations under a deferred prosecution agreement (DFA) by "fail...
AFP
New York (AFP) - The US Federal Aviation Administration, sharply criticized after the crashes of two Boeing planes in 2018 and 2019, is again being dragged into a maelstrom surrounding the major American aerospace manufacturer. The dramatic mid-flight blowout on January 5 of a fuselage panel on an Alaska Airlines plane precipitated the departures of a series of top Boeing officials -- including CEO Dave Calhoun, who is set to step down at year's end -- and the reduced production of the 737 MAX. But as Boeing faces multiple inquiries and audits in the United States and abroad, it has repeated...
AFP
Los Angeles (AFP) - Lawsuits are flying in a dispute between two California airports over the right to use the name "San Francisco" -- despite neither of them being in the city. San Francisco International Airport (SFO) is suing the recently renamed San Francisco Bay Oakland International Airport (OAK), insisting the similar sounding names might confuse potential passengers. Their lawsuit has been met with a counterclaim from The Port of Oakland asking a judge to rule its airport's new moniker -- which replaced "Metropolitan Oakland International Airport" -- is not a copyright infringement. "C...
AFP
Washington (AFP) - Dozens of American Airlines flight attendants demonstrated Thursday in front of the White House as they seek to be allowed to strike during protracted contract negotiations. The Association of Professional Flight Attendants organized the Washington rally along with parallel events at about a dozen US airports. "Flight Attendants are the only employees at American Airlines who have not had a raise in the past five years," said the APFA, which represents more than 27,000 workers at the big US carrier. "We've reached an impasse with American Airlines in our negotiations, and we...
AFP
New York (AFP) - US air safety authorities are investigating whether embattled aviation giant Boeing completed required inspections on its 787 aircraft and whether employees falsified records, officials said Monday. The issue centers on whether Boeing undertook required inspections to "confirm adequate bonding and grounding where the wings join the fuselage on certain 787 Dreamliner airplanes," the Federal Aviation Administration said in an email. The FAA said it opened the investigation after Boeing notified it that the company may not have completed required inspections, which are needed to ...
AFP
Washington (AFP) - They can't bring back their children, siblings or partners, but five years on, the families of the 2019 Boeing crash victims want to ensure a similar tragedy never happens again. "We've got French people, Canadians, Americans, Irish, British, we're all there together and we're fighting for something together," Naoise Ryan, holding a photo of her late husband Mick, told reporters on Wednesday. The Irishman was one of 157 killed when a Boeing 737 MAX operated by Ethiopian Airlines plunged into the ground minutes after take-off on March 10, 2019. Ryan is among hundreds of fami...
AFP
New York (AFP) - American Airlines reported a quarterly loss Thursday on an uptick in labor and other operating costs as the carrier confirmed its full-year financial forecast. The big US airline lost $312 million in the first quarter even as revenues rose 3.1 percent to $12.6 billion. Executives pointed to a recovery in business travel as a positive sign. But operating expenses jumped 6.9 percent. Categories with significant increases included salaries, wages and benefits; and maintenance, materials and repairs. Labor has been tight throughout the US aviation industry, leading to broad-based ...
AFP
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