The planemaker is in talks to sell as many as 500 jets to China, Bloomberg reported in August
IATA will also hold its annual general meeting in June in New Delhi
Boeing intends to cut almost 2,200 jobs in the US state of Washington, which is home to many of its oldest factories, according to a statement released Monday.
In the first 10 months of the year, Boeing said it delivered 305 airplanes, down from 405 in the same period last year
It originally involved six plaintiffs but until now all but one had settled, according to a source familiar with the case.
The contract includes a 38 percent wage hike, a $12,000 signing bonus and provisions to lift employer contributions to a 401K retirement plan and contain health care costs
64 percent of the members of the International Association of Machinists and Aerospace Workers District 751 rejected the contract, the union said on X
Boeing confirmed a tentative deal was reached and said it includes a 35 percent pay raise over four years and a one-time signing bonus of $7,000
The aviation giant must "reset our workforce levels to align with our financial reality," Chief Executive Kelly Ortberg said, adding that the cuts of 17,000 positions globally "will include executives, managers and employees."
64 percent of the members of the International Association of Machinists and Aerospace Workers District 751 rejected the contract, the union said on X
Boeing confirmed a tentative deal was reached and said it includes a 35 percent pay raise over four years and a one-time signing bonus of $7,000
The aviation giant must "reset our workforce levels to align with our financial reality," Chief Executive Kelly Ortberg said, adding that the cuts of 17,000 positions globally "will include executives, managers and employees."
About 33,000 Boeing workers in the Pacific Northwest have been on strike for nearly a month in a fight focused on higher wages and improved retirement benefits.
The union for striking Boeing workers said Friday that talks with the aviation giant "broke off" without agreement, after some 33,000 US employees walked out this month
Corrects to say the August China MAX deliveries were highest since December 2018, not December 2019, with error due to incorrect information from Boeing. Headline has been corrected, along with story
Boeing has been beset in recent years with concerns about safety and quality control, with a near-catastrophic incident on an Alaska Airlines Boeing 737 MAX in January bringing renewed pressure on the company.
Boeing's quality control practices will be placed under a microscope this week
The company also posted a bigger quarterly loss, as its troubled defense and space business exacerbated the financial strain on the US planemaker that has already scaled back commercial aircraft production to tackle a quality crisis.
Boeing has agreed to plead guilty to a criminal fraud conspiracy charge to resolve a US Justice Department investigation linked to two 737 MAX fatal crashes, a government official said on Sunday
