Photo: Anna Zvereva / Wikimedia Commons Turbine jet-powered airplanes are the highest maintenance vehicles on the planes, so being cut off from the necessary firehose of spare parts will have consequences. Currently, half of the Airbus A320neo and 321neo planes in Russia can’t fly due to maintenance issues. Most of the grounded aircraft desperately need … Read more
The statewide unemployment rate climbed slightly to 3.9% in October. While still lower than the national level, it’s been on a gradual increase for most of 2024. State labor officials announced that the unemployment rate grew by one-tenth of a percentage point month over month, landing 0.5 percentage points above where it was in October … Read more
ARLINGTON, Va., Nov. 15, 2024 /PRNewswire/ — The Boeing Company [NYSE: BA] Board of Directors today announced that it has elected Tim Buckley as its newest member, effective January 1, 2025. Buckley will serve on the Finance and Governance & Public Policy committees. Buckley, 55, previously served as Chair and CEO of The Vanguard Group, … Read more
Boeing has announced plans for a workforce reduction, notifying around 17,000 employees this week that they will be leaving the company in mid-January. The cuts, representing 10% of Boeing’s total workforce, come in the wake of a labor union strike. In a statement to FOX Business, Boeing said: “We are adjusting our workforce levels to … Read more
Southwest Airlines is offering buyouts and extended leaves of absence to airport workers to avoid what it calls “overstaffing in certain locations,” which it blames on a shortage of new planes from Boeing. The move on Monday comes as a hedge fund presses Southwest to increase profits and boost the stock price, which has fallen … Read more
Unionized machinists at Boeing voted Monday to accept a contract offer and end their strike after more than seven weeks, clearing the way for the aerospace giant to resume production of its bestselling airliner and generate much-needed cash. Leaders of the International Association of Machinists and Aerospace Workers district in Seattle said 59% of members who cast ballots agreed … Read more
I put my beloved BMW F800GS up for sale last week. I bought it nearly a year and a half ago for the same reason anyone buys an adventure bike: That dream of one day getting out there, away from everything, just you and your steel horse against the lush, green world. – Amber DaSilva … Read more
The great un-wokening of America appears to be progressing at an unrelenting pace. Last week, Boeing became the latest big company to ditch its so-called DEI Department, a group of corporate bureaucrats who performed the useless and illegal function of Diversity, Equity and Inclusion in hiring. It’s a fancy way of imposing racial and gender-based … Read more
By Tara Copp and David Koenig | The Associated Press Boeing overcharged the Air Force nearly $1 million for spare parts on C-17 cargo planes, including an 8,000% markup for simple lavatory soap dispensers, according to the Pentagon’s inspector general. The Defense Department’s auditor reviewed prices paid for 46 spare parts on the C-17 from … Read more
ARLINGTON, Va., Oct. 28, 2024 /PRNewswire/ — The Boeing Company [NYSE: BA] (“Boeing” or the “Company”) announced today the pricing of its previously announced separate underwritten public offerings of (i) 112,500,000 shares of common stock, par value $5.00 per share (“Common Stock”), of the Company at a public offering price of $143.00 per share (the “Common … Read more
