Tag: #Boeing
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Air New Zealand announced a significant downsizing
Air New Zealand (NZ) plans to ground their fleet of Boeing 777s for a year, and as a result plan to cut nearly 1000 cabin crew jobs from its international fleet. According to reports of Baaghi TV, this is to tackle what the airline is calling a ‘surplus’ of workers during the current travel downturn…
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US increasing tariffs on Airbus planes
Washington, Feb 15 (AFP/APP): The United States is increasing tariffs on Airbus planes imported from Europe to 15 percent beginning March 18, authorities announced Friday. The duties have been at 10 percent since October, when Washington hit $7.5 billion in European products with tariffs. The announcement from the office of the United States Trade Representative…
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Wall Street girds for ugly Boeing 4Q results
New York, Jan 29 (AFP/APP): Boeing, which remains mired in crisis following two fatal crashes of its top-selling 737 MAX, is set to report another ugly set of financial results on Wednesday. The aerospace giant, led by newly-installed Chief Executive David Calhoun, is expected to announce billions of dollars in additional costs connected to the…
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New CEO tells staff Boeing must be ‘transparent’
New York, Jan 13 (AFP/APP): New Boeing Chief Executive David Calhoun told employees on Monday the company must strengthen its culture, focus on “integrity” and be “transparent,” according to an email sent to staff. Calhoun, a longtime Boeing board member, officially took over on Monday as chief executive, replacing Dennis Muilenburg, who was ousted in…
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Lion Air crash report due
Jakarta, Oct 25 (AFP/APP): Indonesia’s air safety watchdog releases its final report Friday on the crash of a Boeing 737 Max operated by Lion Air that killed 189 people, with all eyes on possible problems with the brand new jet’s flight control system. The October 29 crash was followed just months later by a second…
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Boeing splits CEO, chairman role amid MAX crisis
Boeing 737 MAX announces its chairman as the new CEO
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EU opens probe into Boeing tie-ups with Brazil’s Embraer
Brussels, Oct 4 (AFP/APP):The EU said Friday it had opened an “in-depth investigation” into plans by US aviation giant Boeing to form joint ventures with the world’s number three planemaker, Brazil’s Embraer, citing competition concerns. The European Commission is “concerned that the proposed transaction may remove Embraer as the third largest global competitor in the…