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Cash-starved Boeing, contending with massive financial losses from a crippling strike and years of operational and safety problems, is turning to major banks and Wall Street to raise tens of billions of dollars in cash. In a regulatory filing early Tuesday, the company announced plans to borrow $10 billion from a consortium of banks. It also separately announced plans to raise $25 billion by selling stock and debt. The $10 billion borrowing plans would be included in the $25 billion that Boeing filed to raise. The company’s debt surged in the last six years as Boeing reported core operating losses...

Two US Navy SEAL's who died during an operation off the coast of Somalia... The United States expanding sanctions against Iran's oil and petrochemical industries... Israel urged to stop shooting at UN peacekeepers in southern Lebanon... Boeing cutting its workforce by ten percent (17,000 jobs)... Tonight France's credit rating lowered... Ireland's High Court sending teacher Enoch Burke back to jail... In the Netherlands 2.7 million people nearly 18 percent of the population 15 years and older classified as "LGBTQIA"... Hezbollah fired a barrage of 100 rockets... The Lebanese army says two soldiers were killed and three others wounded in an...

Boeing also announced it will further delay the launch of its new model 777X plane.. Boeing has announced it will lay off 10 percent of its workforce in the coming months and end production of its 767 cargo airplane after it completes current orders for some two dozen jets. Around 17,000 jobs will be cut as part of the reduction, with Boeing also announcing it will further delay the launch of 777X, a new model that is already several years behind schedule. The announcement, made by Boeing CEO Kelly Ortberg said in an Oct. 11 memo to employees, comes amid...

The US Federal Aviation Administration with a new safety alert for Boeing 737 and 737 MAX aircraft... After compliance with the orders of controversial Brazilian Supreme Court justice Alexandre de Moraes... An Israeli media report speaks of a US diplomatic initiative for a ceasefire on 'all war fronts'... Tomorrow's planned visit to Washington by Israel's Defense Minister...postponed... In Germany six arrests in connection with a multinational child pornography ring... A censure motion against the government falling well short in France's National Assembly... Seven killed and 11 wounded in an Israeli airstrike in Damascus... "take back your country" Israeli Prime Minister...

The Federal Aviation Administration issued a safety alert to airlines regarding Boeing 737 airplanes equipped with certain rudder components. The air-safety regulator said Tuesday the operators of Boeing 737 NG and 737 MAX airplanes with SVO-730 rudder rollout guidance actuators should instruct flight crews that the rudder control system could potentially become jammed or restricted in flight or during landing. Boeing said in a statement it has reminded operators of the proper actions that flight crews should take if they encounter rudder restriction, and has also shared technical guidance from its supplier.

(The Epoch Times)—A federal agency on Monday warned that dozens of foreign plane operators may be using Boeing 737s with suspect rudder control parts that could pose potential safety risks. The U.S. National Transportation Safety Board (NTSB)’s chairwoman, Jennifer Homendy, said that 271 impacted parts could be installed on aircraft in service operated by at least 40 foreign air carriers. Sixteen of the impacted parts may still be installed on U.S.-registered aircraft and up to 75 such parts may have been used in aftermarket installation, she wrote in a Sept. 30 letter to the Federal Aviation Administration (FAA). On Sept....

The SpaceX crew that will ferry back in February two astronauts stranded on the International Space Station docked with the orbiting laboratory on Sunday, a live stream of the mission showed. The Falcon 9 rocket took off at 1:17 pm (1717 GMT) from Cape Canaveral, Florida on Saturday, with the Crew-9 mission aboard a Dragon spacecraft making contact with the ISS at 5:30 pm Sunday. After docking was completed, NASA astronaut Nick Hague and Russian cosmonaut Alexander Gorbunov boarded the station just after 7:00 pm, embracing their floating colleagues. "I just want to say welcome to our new compadres from...

CAPE CANAVERAL, Fla. (AP) — SpaceX launched a rescue mission for the two stuck astronauts at the International Space Station on Saturday, sending up a downsized crew to bring them home, but not until next year. The capsule rocketed into orbit to fetch the test pilots whose Boeing spacecraft returned to Earth empty earlier this month because of safety concerns. The switch in rides left it to NASA’s Nick Hague and Russia’s Alexander Gorbunov to retrieve Needham native Suni Williams and fellow astronaut Butch Wilmore. Because NASA rotates space station crews approximately every six months, this newly launched flight with...

CNN — The National Transportation Safety Board is issuing “urgent safety recommendations” for some Boeing 737s—including the embattled 737 MAX line— warning that critical flight controls could jam. The independent investigative agency is issuing the warning that an actuator attached to the rudder on some 737 NG and 737 MAX airplanes could fail. The move comes after the NTSB investigated a February incident where the pilots of a United Airlines MAX 8 landing in Newark reported their rudder pedals “stuck” in the neutral position. The warning is the latest black eye for Boeing. The company has seen a string of...

WASHINGTON — Ted Colbert, chief executive of Boeing’s defense unit, exited the company today effective immediately amid the unit’s continued poor performance and crippling financial losses. Steve Parker, Boeing defense’s chief operating officer, will take on leadership at the unit while the company seeks out a permanent replacement, Boeing CEO Kelly Ortberg said in a memo to employees. “I want to thank Ted for his 15 years of service at The Boeing Company, supporting our customers, our people and our communities,” Ortberg said in the memo. “At this critical juncture, our priority is to restore the trust of our customers...

Boeing said Friday the head of the company’s troubled defense, space and security unit is leaving the planemaker effective immediately. New Boeing CEO Kelly Ortberg in his first significant move since taking over in August, said Ted Colbert would be leaving and Steve Parker, the unit’s chief operating officer, would assume Colbert’s responsibilities until a replacement is named at a later date. Boeing’s space business has suffered setbacks, notably NASA’s recent decision to send Boeing’s Starliner capsule home without astronauts that followed years of missteps. ...

Homeward Bound On Saturday morning, NASA's plagued Starliner spacecraft finally made it back to the ground. The capsule landed in the New Mexico desert after spending just over three months in space. But thanks to technical issues worrying NASA officials, it left behind the agency's two stranded astronauts Butch Wilmore and Suni Williams, bookending a disastrous first crewed flight attempt. The pair will have to wait for their ride back, on a SpaceX Crew Dragon spacecraft, until February. Signals on the capsule's return were mixed. On the one hand, according to NASA’s commercial crew program manager Steve Stich, it pulled...

Delta Airlines passengers were left with burst eardrums and bleeding noses after their flight suddenly lost pressure. Passengers aboard a flight from Salt Lake City, Utah, to Portland, Oregon, felt the cabin lose pressure before the plane rapidly descended, according to KSL. 'I looked over at my husband, and he had both of his hands over his ears, you know, kind of leaning forward,' flier Caryn Allen told the outlet. Allyn added that she 'looked about a row behind me, over on the other side of the aisle, and there was a gentleman that clearly had a very bad bloody...

When thousands of Boeing employees rejected a new labor contract, precipitating a strike that began Friday, they were at odds not just with management but also with the leaders of their union, who backed the proposed deal. Now, any attempt to reach an agreement must take account of the demands of the rank and file of the International Association of Machinists and Aerospace Workers. What they want — significantly larger pay raises and far more lucrative retirement benefits than their leaders and Boeing agreed to — may be too much for management. But labor experts said the strength of the...

Boeing factory workers went on strike early Friday morning after overwhelmingly rejecting a new union contract with the company. Around 33,000 machinists went on strike shortly after midnight on the West Coast after the International Association of Machinists and Aerospace Workers (IAM) union announced 94.6 percent of workers had voted to reject the proposal and 96 percent approved the stoppage. The work stoppage puts financial strain on the storied airplane maker, which has been struggling to repair its reputation after the door plug of a Boeing 737 Max 9 blew out during an Alaska Airlines flight in January, prompting regulatory...

If you think Boeing's doing a lousy job with Starliner, just wait until you hear the latest about SLS!Boeing is doing a worse job with SLS than it is with Starliner!!The latest from NASA OIG! | 17:18The Angry Astronaut | 145K subscribers | 37,566 views | August 10, 2024

Starliner has finally come home, more than three months after it launched on a planned 10-day mission.. Starliner's long space odyssey is over. The Boeing capsule, named Calypso, returned to Earth early this morning (Sept. 7), touching down in the New Mexico desert at 12:01 a.m. EDT (0401 GMT; 11:01 p.m. local time on Sept. 6). "Great landing of Calyspo!" NASA astronaut Suni Williams said on the agency's webcast. "I don't think that could have gone better." The landing was long-delayed, coming more than three months into an orbital mission originally expected to last about 10 days. And, while Starliner...

Boeing Co. is seeking to avert a crippling strike by its largest labor union as the clock runs out on the existing accord. Negotiations between the IAM District 751 union and the planemaker are always tense. This time though, the stakes are particularly high for Boeing, which make these contract talks particularly consequential. Here’s why. Maintaining labor peace is essential if Boeing wants to stabilize production and repair its battered finances. The aviation giant has been burning through cash, while its net debt has soared to $45 billion during five years of tumult. The company hasn’t reported an annual profit...

Sept. 5 (UPI) -- The beleaguered Boeing Starliner spacecraft that took two NASA astronauts to the International Space Station will attempt to make its uncrewed return to Earth on Friday evening, the company has announced. NASA on Thursday issued a timeline and a set of criteria for the Starliner's departure from the ISS and return to Earth. The space capsule has faced a host of issues since well before its launch, and continued to experience problems even after arriving at the ISS, which ultimately culminated in Boeing making a deal with competitor SpaceX to bring the astronauts back home in...

The good news is that Boeing was able to update the automated flight software on its troubled Starliner space capsule, allowing NASA to return it unmanned to Earth no sooner than Friday. The bad news — or at least the serious question — is whether Starliner will ever fly again. NASA decided last week not to fly astronauts Butch Wilmore and Suni Williams home on board the same ship they flew to ISS on due to safety concerns about the service module's malfunctioning thrusters. While an astronaut is sometimes scheduled in advance to return to Earth on board a different...