Boeing machinists reject new labor contract, extending more than 5-week strike
Boeing machinists walked off the job on Sept. 13 after overwhelmingly rejecting an earlier proposal. Source link
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Aerospace and defense industry
Spirit Airlines extends debt refinancing deadline hours before expiration
Spirit Airlines on Friday again extended a deadline with its credit card processor to renegotiate more than $1 billion in
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Spirit AeroSystems to furlough 700 workers as Boeing machinist strike continues
Spirit AeroSystems had been scrambling to cut costs after more than 32,000 Boeing machinists walked off the job Sept. 13.
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United Airlines plans $1.5 billion share buyback, forecasts fourth-quarter earnings above estimates
United Airlines said it authorized a $1.5 billion share buyback, its first share repurchase since before the Covid-19 pandemic. Source
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Boeing to raise as much as $25 billion to shore up balance sheet
The equity or debt raise of up to $25 billion would be over three years Boeing said. Source link
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Delta pauses hot meal service on dozens of Detroit flights citing ‘food safety issue’ at caterer
Delta said its caterer "immediately shut down hot food production" and then suspended operations from the Detroit facility. Source link
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SpaceX catches Starship rocket booster in dramatic landing during fifth flight test
SpaceX launched its fifth test flight of its Starship rocket on Sunday. Source link
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Federal Aviation Administration approves SpaceX Starship 5 flight
The FAA said SpaceX has "met all safety, environmental and other licensing requirements for the suborbital test flight." Source link
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Boeing to cut 17,000 jobs as losses deepen during factory strike
Boeing said it will lay off about 10% of its workforce is losses deepen from an ongoing factory strike. Source
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