A video has captured flames bursting from the wing of a Hainan Airlines Boeing jet that struck a bird following takeoff from Italy on Sunday.
Boeing's capital raise of $23.8 billion is crucial to address near-term cash needs and long-term debt maturities, ensuring financial stability through 2030. Despite recent setbacks, BA aims to improve its net debt position from $47.25 billion in 2024 to a net cash position by 2030. Free cash flow is expected to turn positive by 2026, with significant improvements in leverage and debt reduction projected by the end of the decade.
In 2027, Boeing will earn a lot more than it does in 2024 -- and a lot less than investors think.
The right engine of a Boeing 787-9 Dreamliner operated by Chinese carrier Hainan Airlines caught fire shortly after take-off from Rome's Fiumicino airport this morning, an Italian airport official said.
Boeing lost a bundle in Q3. And yes, that's a good reason not to buy Boeing stock.
Spirit AeroSystems and Boeing are close to reaching a funding agreement that would give a cash lifeline to the struggling Boeing supplier, an industry source familiar with the matter said.
Boeing is exploring a possible $6 billion sale of its Jeppesen navigation unit, Bloomberg News reported on Friday.
The plane maker will reimburse furloughed workers for lost wages during the recent labor strike.
British Airways owner IAG reported profits were up 15% from the same period last year. One analyst said the group avoided being affected by Boeing delivery delays like some rivals.
Boeing CEO Kelly Ortberg told workers furloughed during the seven-week strike that their lost pay would be repaid by the company, the Air Current editor Jon Ostrower said in a post on X on Thursday, citing an internal message.
Spirit AeroSystems might need more help from Boeing.
The Federal Aviation Administration said Thursday it will boost oversight as Boeing prepares to resume 737 MAX production following a 53-day strike that ended earlier this week.