EconomyLens.com
No Result
View All Result
Monday, September 1, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Business

Boeing expects post-strike output recovery to take several weeks

Thomas Barnes by Thomas Barnes
November 12, 2024
in Business
Reading Time: 6 mins read
A A
2
37
SHARES
468
VIEWS
Share on FacebookShare on Twitter

Aviation giant Boeing said it logged 14 aircraft deliveries in October. ©AFP

New York (AFP) – Boeing said Tuesday that it delivered 14 aircraft in October, but production will likely take several weeks to return to normal after a worker strike that hit operations at two major assembly plants. In the first 10 months of the year, Boeing said it delivered 305 airplanes, down from 405 in the same period last year. The company also received 63 gross orders in October.

Related

US Spirit Airlines files for bankruptcy again

Lay off our eggs market, French producers tell Ukraine

Qantas says profits up, strong travel demand ahead

Defence giant Rheinmetall opens mega-plant as Europe rearms

Qantas says profits up, strong travel demand ahead

About 33,000 workers in the US Pacific Northwest walked off the job on September 13 after overwhelmingly rejecting an initial contract offer, sparking the costliest strike in the United States this century. After a stoppage of more than seven weeks — costing the aviation giant billions — the International Association of Machinists and Aerospace Workers (IAM) District 751 said it approved a new contract proposal. Boeing staff could return as soon as November 6 and must be back on the job by November 12, according to the IAM. Production of the company’s best-selling 737 MAX, as well as the 777 jet, were halted by the strike. Production of the 787 Dreamliner carried on at a plant on the east coast of the United States.

Boeing said Tuesday that it would be several weeks before it fully restarts airplane production, given that restarting a manufacturing line is a multi-stage process. The company added that it was working on safely restarting operations in Washington and Oregon.

Boeing’s gross orders for October included 40 737 MAX 8 aircraft for Avia Solutions Group, in a transaction valued at about $4.9 billion. Avia’s first firm order with the aviation giant comes with an option to add another 40 jets later, Boeing and Avia said in a statement Tuesday. “We have committed to a strategic approach of expanding our capacity to meet our customers’ seasonal needs, and our first order with Boeing is a key pillar of this,” said Gediminas Ziemelis, chairman of the aviation services group. The versatile 737 family is Boeing’s best-seller. The 737 MAX 8 can seat 162 to 210 passengers — with a range of up to 6,480 kilometers (about 4,000 miles).

The US Pacific Northwest strike had exacerbated the company’s already precarious outlook after a January incident in which a fuselage panel blew out mid-flight on a 737 MAX operated by Alaska Airlines. Although there were no major injuries, the episode plunged Boeing back into crisis after two previous fatal MAX crashes, with US air safety regulators limiting production output until the company shows it has gotten its house in order.

Boeing announced a management shakeup in March that included the exit of CEO Dave Calhoun, who was replaced in August by former Rockwell Collins chief Kelly Ortberg. But as the strike dragged on, the stoppage threatened Ortberg’s turnaround efforts. With the strike in the rearview mirror, Boeing has overcome two major overhangs, after a successful push to raise more than $20 billion in capital, analysts earlier noted. All eyes are now on Boeing’s prospects for increasing commercial plane production.

© 2024 AFP

Tags: aviationBoeinglabor strike
Share15Tweet9Share3Pin3Send
Previous Post

Lindt disputes US lawsuit claims, stands by ‘excellence’ labelling

Next Post

Trump tariff worries trip up stocks rally, dollar climbs

Thomas Barnes

Thomas Barnes

Related Posts

Business

AI giant Nvidia shares slip despite record sales

August 27, 2025
Business

Norway wealth fund divests from Caterpillar over Gaza ‘rights violations’

August 27, 2025
Business

US restaurant chain Cracker Barrel cracks, revives old logo

August 26, 2025
Business

Trump joins backlash against US restaurant Cracker Barrel

August 26, 2025
Business

Norway wealth fund divests from Caterpillar over Gaza ‘rights violations’

August 25, 2025
Business

Trump advisor says US may take stakes in other firms after Intel

August 26, 2025
Next Post

Trump tariff worries trip up stocks rally, dollar climbs

UN carbon market inches closer after COP29 agreement

Climate cash should also go to nuclear, says UN atomic chief

Free Facebook in EU with less targeted ads

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
2 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

77

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Malawi’s fuel crisis hangs over upcoming elections

August 31, 2025

Uzbek workers fill gap as Bulgarian population shrinks

August 31, 2025

Alibaba soars but Asia markets dip

August 31, 2025

French PM says ‘fate of France’ at stake in confidence vote

August 31, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.