David Calhoun to be the new CEO of Boeing
Boeing has made David Calhoun their CEO and he will officially take up the position in January. He will have the seemingly impossible task of steering the company through their current 737 MAX crisis. Calhoun is regarded as a 'turnaround specialist' in the industry and may be the perfect person for the job.
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India’s biggest airline to layoff 10% of staff
India's biggest airline IndiGo has become the latest carrier to reveal how hard it has been hit by the collapse in demand for flights due to Covid-19. The airline said it will shed 10% of its staff amid a slump in revenues. In a letter to investors, IndiGo's chief executive Ronojoy Dutta said: "It is impossible for our company to fly through this economic storm without making some sacrifices"
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Qantas to cut 6,000 jobs due to coronavirus pandemic
Australia’s national carrier Qantas announced that the airline will cut 6,000 jobs to survive the pandemic period. The cuts equate to about a fifth of the airline's workforce before the Covid-19 crisis. In March, it furloughed more than 80% of its staff. Qantas said the collapse in global air travel had devastated revenues. Last week, the Australian government said its border would most likely remain closed into next year
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Boeing CEO predicts a major airline to go bankrupt
Boeing CEO Dave Calhoun said in a recent interview that he thinks a major US airline will go out of business by September this year due to the coronavirus pandemic. “I don’t want to get too predictive on that subject, but yes, most likely,” he said in an interview on NBC’s “TODAY” show. “You know, something will happen when September comes around.” He didn’t name the airline though
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Boeing to restart commercial airplane production in Seattle
Boeing said on Thursday it will restart production of its commercial airplanes next week in the Seattle area, putting about 27,000 people back to work after operations were suspended because of the COVID-19 pandemic. Boeing operates two commercial aviation production facilities in the Seattle area, one in Everett and another in Renton. Operations at Boeing plants in South Carolina remain suspended, officials said.
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