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Boeing CEO presses turnaround at embattled planemaker
Boeing CEO presses turnaround at embattled planemaker as contract vote looms
(Reuters) -Boeing CEO Kelly Ortberg laid out a turnaround plan on Wednesday, including a push for a "fundamental culture change," as the struggling planemaker grapples with a crippling strike, mounting debt and heightened cash burn.
Boeing CEO Says Planemaker’s Problems Will Take Time to Fix
Boeing Co. Chief Executive Officer Kelly Ortberg provided an unvarnished view of his company at a crossroads, absorbed by challenges ranging from huge debt to serious performance lapses that it needs to address before it can consider developing a new aircraft.
Boeing CEO says planemaker is overstaffed, needs to adjust
"We need to right size and be efficient, and I think we need to continue to do that as we go forward," he told CNBC in an interview
5h
on MSN
Boeing Expects to Burn Cash Next Year as CEO Says There's No Quick Fix for Ailing Planemaker
(Reuters) -Boeing CEO Kelly Ortberg laid out a cautious path to turn the company around on Wednesday, calling for a ...
11h
on MSN
Boeing posts staggering $6B loss as CEO calls for ‘fundamental culture change’
CEO Kelly Ortberg said Boeing is now reviewing its businesses and may end up selling some assets, as it downsizes its ...
2h
on MSN
Boeing Q3 results: Planemaker reports $6.27 bn loss amid workers’ strike; CEO Ortberg aims to ‘reset’ labour ties
Boeing suffered a $6 billion loss in Q3 due to a workers’ strike that affected operations. CEO Kelly Ortberg aims to “reset” ...
14h
on MSN
Boeing CEO warns no quick fix to planemaker's crisis as losses balloon to $6 billion
By Abhijith Ganapavaram, Allison Lampert (Reuters) -Boeing CEO Kelly Ortberg laid out a cautious path to turn the company ...
New York Post
3d
Boeing seeks to sell off assets in desperate attempt to stay aloft
The
planemaker
last week reached an agreement to offload a small defense unit that makes surveillance equipment for the U.S. military, the paper reported, citing people familiar with the deal.
Business Insider
12d
Tensions are rising in the Boeing strike after the planemaker filed a complaint against the union
Bank of America analyst Ron Epstein estimated that the strike is costing Boeing $50 million a day. The
planemaker
is also ...
Reuters
7h
Boeing defense's business is 'core', but struggles abound for new CEO
WASHINGTON, Oct 23 (Reuters) - Boeing CEO Kelly Ortberg anticipates the
planemaker
's defense business will continue to ...
7d
on MSN
Planemaker Embraer spending $70 million to expand Fort Worth maintenance base
Embraer will invest up to $70 million in new MRO facilities for commercial jets at Perot Field Alliance Airport in Fort Worth ...
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