Boeing’s leadership team must continue to ask the hard questions and look further to honestly assess company culture that could contribute to future problems.
Major aerostructures supplier Daher is prioritizing Airbus A320 component deliveries to help mitigate supply chain issues that have caused production delays.
Akasa is looking to enter agreements for about $300 million in structured debt—a change of direction from its previous plans to issue substantial new equity.
Ihssane Mounir, Boeing senior VP for global supply chain and fabrication, told a key supplier conference that suppliers and the OEM owe each other transparency.
Doug Ackerman, vice president for supplier quality at Boeing Commercial Airplanes, updated a key supplier conference on the nature of its supply chain problems.
For the leasing and air finance industry, the Boeing crisis seems to have sunk in to a degree as part of normal life in aerospace and for its customers.
The target of generating $10 billion in free cashflow per year by 2026 may slip as the company pays to fix its production processes and stabilize manufacturing.
Boeing is withdrawing its request for a time-limited exemption covering a de-icing system that would have allowed the 737-7 to be certified with a known noncompliance.
Holding 70% of the company’s outstanding shares, they could declare a crisis of confidence, challenge the status quo and demand a change in top management.