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Reuters - 3 days ago

The flight path of Airline M&A since 2001

FACTBOX-The flight path of Airline M&A since 2001 July 3 (Reuters) - The European Commission approved a long-awaited deal for Lufthansa LHAG.DE to take a 41% stake in Italy's ITA Airways on Wednesday , in Europe's latest major consolidation. The European sector has experienced a wave of consolidation in the last 20 years as small national airlines struggle to compete with larger global groups and budget carriers.
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Reuters - 4 days ago

Alaska Airlines flight attendants set for 32% average pay rise in new tentative contract

Alaska Airlines flight attendants set for 32% average pay rise in new tentative contract July 3 (Reuters) - Alaska Airlines' ALK.N flight attendants are set for an average pay increase of 32% as part of a new three-year tentative labor agreement with the airline, a union representing the employees said. The agreement, yet to be ratified by the Associate of Flight Attendants union members, is also the first to make boarding pay legally binding for unionized flight attendants, the union said on Tu
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Reuters - 5 days ago

How a Boeing plea deal could affect the planemaker

EXPLAINER-How a Boeing plea deal could affect the planemaker By Chris Prentice, Mike Spector July 1 (Reuters) - The U.S. Justice Department will criminally charge Boeing BA.N with fraud over two fatal crashes and ask the planemaker to plead guilty or face a trial, people familiar with the matter said on Sunday . Boeing will have until the end of the week to respond to an offer of a plea deal from the Justice Department, the sources said.
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Reuters - 5 days ago

How jetmakers divided up struggling supplier Spirit AeroSystems

How jetmakers divided up struggling supplier Spirit AeroSystems Boeing agrees $4.7 billion deal to buy back Spirit AeroSystems Airbus sought compensation to take over loss-making activities Spirit to seek buyers for some assets to cover payment to Airbus By Mike Stone, Tim Hepher, Abhijith Ganapavaram WASHINGTON, July 1 (Reuters) - Hashed out in three-way talks between plane giants and one of their key suppliers, Boeing's BA.N $4.7 billion deal to buy back Spirit AeroSystems SPR.N is a rare tria
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Reuters - 6 days ago

Boeing to buy Spirit Aero for $4.7 bln in effort to tackle quality lapses

TIMELINE-Boeing to buy Spirit Aero for $4.7 bln in effort to tackle quality lapses Updates with background from last few months July 1 (Reuters) - Boeing BA.N has agreed to buy back Spirit AeroSystems SPR.N for $4.7 billion in stock, ending the near-two-decade independence of the world's largest standalone aerostructures company. Boeing's arch-rival, Airbus AIR.PA , which became a Spirit customer after Boeing spun it off, will take on the supplier's loss-making Europe-focused activities in retur
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Reuters - 6 days ago

Boeing agrees to buy Spirit Aero for $4.7 billion, sources say

EXCLUSIVE-Boeing agrees to buy Spirit Aero for $4.7 billion, sources say Boeing to pay $37.25/share for Spirit Aero - sources Planemaker hopes deal can help ease safety crisis Some Spirit assets to go to Airbus as part of deal Changes headline By Mike Stone and Allison Lampert WASHINGTON, June 30 (Reuters) - Boeing BA.N agreed on Sunday to acquire Spirit AeroSystems SPR.N for more than $4 billion, two people familiar with the matter said, ending months of talks over a deal the U.S.
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Reuters - 6 days ago

Boeing agrees deal to buy Spirit Aero for $4.7 billion, sources say

EXCLUSIVE-Boeing agrees deal to buy Spirit Aero for $4.7 billion, sources say Boeing to pay $37.25/share for Spirit Aero - sources Planemaker hopes deal can help ease safety crisis Some Spirit assets to go to Airbus as part of deal Changes headline By Mike Stone and Allison Lampert WASHINGTON, June 30 (Reuters) - Boeing BA.N agreed on Sunday to acquire Spirit AeroSystems SPR.N for more than $4 billion, two people familiar with the matter said, ending months of talks over a deal the U.S.
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Reuters - 6 days ago

Boeing agrees deal to buy Spirit Aero for $4.7 billion - sources

EXCLUSIVE-Boeing agrees deal to buy Spirit Aero for $4.7 billion - sources Boeing to pay $37.25/share for Spirit Aero - sources Planemaker hopes deal can help ease safety crisis Some Spirit assets to go to Airbus as part of deal Adds criminal case, details on deal By Mike Stone and Allison Lampert WASHINGTON, June 30 (Reuters) - Boeing BA.N agreed on Sunday to acquire Spirit AeroSystems SPR.N for more than $4 billion, two people familiar with the matter said, ending months of talks over a deal t
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Reuters - 6 days ago

Boeing agrees deal to buy Spirit Aero for over $4 billion - sources

EXCLUSIVE-Boeing agrees deal to buy Spirit Aero for over $4 billion - sources Boeing to pay $37.25/share for Spirit Aero - sources Planemaker hopes deal can help ease safety crisis Some Spirit assets to go to Airbus as part of deal Adds details, background By Mike Stone and Allison Lampert WASHINGTON, June 30 (Reuters) - Boeing BA.N agreed on Sunday to acquire Spirit AeroSystems SPR.N for m ore than $4 billion, two people familiar with the matter said, ending months of talks over a deal the U.S.
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Reuters - 6 days ago

US to criminally charge Boeing, seek guilty plea, sources say

UPDATE 3-US to criminally charge Boeing, seek guilty plea, sources say DOJ's proposed plea deal includes $487.2 million penalty, half credited from previous settlement Boeing may face three years of probation and independent safety audits Victims' families informed of DOJ's decision before Boeing Adds statement from victims' families in paragraphs 15-16 By Mike Spector and Chris Prentice June 30 (Reuters) - The U.S.
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Reuters - 6 days ago

US pushes for Boeing to plead guilty in connection with fatal crashes, sources say

EXCLUSIVE-US pushes for Boeing to plead guilty in connection with fatal crashes, sources say DOJ's proposed plea deal includes $487.2 million penalty, half credited from previous settlement Boeing may face three years of probation and independent safety audits Victims' families informed of DOJ's decision before Boeing Adds details on plea agreement in paragraphs 7-9, background in paragraphs 11 onward.
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Reuters - 1 week ago

Alaska Air formally returns Flight 1282 737 MAX 9 to Boeing

Alaska Air formally returns Flight 1282 737 MAX 9 to Boeing June 28 (Reuters) - Alaska Airlines ALK.N said on Friday that it has returned to Boeing BA.N the 737 MAX 9 plane that was involved in a mid-air door panel blowout in January. Reporting by David Shepardson and Urvi Dugar in Bengaluru; Editing by Leslie Adler
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Reuters - 1 week ago

NTSB says Boeing could lose 737 MAX probe status if it violates rules again

NTSB says Boeing could lose 737 MAX probe status if it violates rules again By David Shepardson June 27 (Reuters) - The National Transportation Safety Board warned Boeing BA.N on Thursday it could lose its status as a party to the probe into a 737 MAX mid-air blowout after it violated rules by providing non-public information to media and speculating about possible causes.
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Reuters - 1 week ago

Boeing woes will not erode workers' readiness to strike, union says

UPDATE 1-Boeing woes will not erode workers' readiness to strike, union says Adds comments from interview, context By Allison Lampert SEATTLE, June 27 (Reuters) - Boeing's BA.N financial and production challenges following a January mid-air panel blowout will not change its workers' readiness to strike to make gains in bargaining, a union local president said on Thursday.
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Reuters - 1 week ago

Afa-Cwa Reaches Tentative Agreement With Alaska Airlines

BRIEF-Afa-Cwa Reaches Tentative Agreement With Alaska Airlines June 27 (Reuters) - CWA- AFA-CWA REACHES TENTATIVE AGREEMENT WITH ALASKA AIRLINES
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Reuters - 1 week ago

US core capital goods orders fall sharply in May

US core capital goods orders fall sharply in May WASHINGTON, June 27 (Reuters) - New orders for key U.S.-manufactured capital goods unexpectedly fell in May, suggesting that business spending on equipment weakened in the second quarter as borrowing costs remain elevated. Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, dropped 0.6% last month, the Commerce Department's Census Bureau said on Thursday.
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Reuters - 1 week ago

Boeing to brief European regulators on new production plans after 737 MAX panel blowout

Boeing to brief European regulators on new production plans after 737 MAX panel blowout By Allison Lampert SEATTLE, June 27 (Reuters) - Boeing BA.N is planning a briefing for high-level European regulatory officials about changes to the way it makes planes, a senior company executive said, after a January mid-air panel blowout sparked a safety crisis.
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Reuters - 1 week ago

NTSB sanctions Boeing over release of 737 MAX investigation details

UPDATE 3-NTSB sanctions Boeing over release of 737 MAX investigation details Adds Boeing apology in paragraph 7, more quotes from executive, background By David Shepardson and Allison Lampert WASHINGTON/SEATTLE, June 27 (Reuters) - U.S. investigators on Thursday sanctioned Boeing BA.N for revealing details of a probe into a 737 MAX mid-air blowout and said they would refer its conduct to the Justice Department, prompting the embattled planemaker to issue an apology.
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Reuters - 1 week ago

NTSB sanctions Boeing over release of 737 MAX 9 investigation details

NTSB sanctions Boeing over release of 737 MAX 9 investigation details WASHINGTON, June 27 (Reuters) - The National Transportation Safety Board said early Thursday it is sanctioning Boeing for disclosing non-public details of the ongoing investigation into the Jan. 5 Alaska Airlines ALK.N 737 MAX 9 mid-air emergency. The NTSB said Boeing had "blatantly violated" the agency's investigative regulations "by providing non-public investigative information to the media and speculating about possible ca
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Reuters - 2 weeks ago

US says seven airlines eligible to apply for new daily Washington flights

UPDATE 1-US says seven airlines eligible to apply for new daily Washington flights Adds more details on flights sought, more from USDOT in paragraphs 4-12 By David Shepardson WASHINGTON, June 24 (Reuters) - The U.S. Transportation Department said on Monday that seven major airlines are eligible to apply for five new daily roundtrip flights from Washington Reagan National airport.
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