A crippling strike. Five straight annual losses.
Boeing's travails keep piling up, and that list doesn't include a pair of fatal accidents in 2018 and 2019 that killed 346 people. The 108-year-old jet maker this summer agreed to plead guilty in a federal criminal case related to those crashes. The string of crises has left the company bleeding cash, mired in manufacturing problems and at odds with airlines, regulators and its own employees. On Dec. 29, 179 people were killed in a South Korean crash whose cause is now under investigation.
"We're at a low here, folks," Boeing's new CEO, Kelly Ortberg, told the company's employees in a November all-hands meeting.
There's a lot riding on Boeing's ability to pull out of its nose dive. Boeing is the biggest U.S. exporter and one of the world's two major manufacturers of large commercial jetliners, along with Europe's Airbus. Boeing makes jets, bombs and helicopters for the U.S. military. It makes rockets and spacecraft for NASA. It employs some 170,000 people around the world and is the central cog in a global supply chain of thousands of companies from small parts shops to multinational giants like GE Aerospace.
"Everybody wants us to succeed," Ortberg told workers. "They're all also expecting us to kind of clean up our act and, you know, deliver good products and not have these snafus." undefined Ortberg, who took the helm of Boeing in August, has signaled his intention to shrink the company and slash layers of bureaucracy. We asked dozens of people-current and former Boeing leaders, airline executives, employees, suppliers, safety regulators and others-in recent months what Boeing should do to turn itself around. Here's what they said.
1. Think big.
Bu hikaye Mint Mumbai dergisinin January 08, 2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Mint Mumbai dergisinin January 08, 2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Financing India's Future Growth Is a Challenge That Must Be Met
Policy should aim to boost private investments and deepen a corporate bond market in need of long-horizon participants
Working for women leaders: An invaluable privilege
Arriving 30 minutes late for a job interview three decades ago had left me out of breath, sweaty and close to a panic attack.
A Boycott of Costco for Its DEI Efforts Is Not Likely to Succeed
The US retailer has a loyal base of shoppers that it's unlikely to lose
Let's take cues from Piketty to raise India's tax revenue
When it comes to budgeting, there are some revenue streams that are linked with broader growth in the economy.
Wealth tax: Let's judge it by principles of taxation
Tax canons laid down by Adam Smith remain relevant, though his list has been extended. Test the idea of a wealth tax against these, lest we get carried away by progressive idealism
Hacked in 2024? India's privacy rules require you to take action
Draft digital personal data protection rules demand that data breaches be reported retrospectively
Cutting Through the Clutter: Key Focus Areas for Retail Investors in 2025
Remember that social media is for fun, and not serious topics such as personal finance advice
MFD, RIA, RA: Explore your career as a financial adviser
Understand the earning potential, licensing and compliance to choose your best suited path
Top 5 AI Trends To Watch In 2025
From agentic systems to humanoids, AI is everywhere. But ethical concerns remain over its growing role
Health insurance claims: How to ensure grievance redressal
My health insurer recently rejected my claim, citing my inability to provide key internal hospital papers that they require. Despite having submitted all other necessary documents, they are insisting on these specific papers, which I am unable to obtain from the hospital. I believe my claim is valid and that I have complied with all the necessary documentation required. What are my options to ensure that my grievance is handled fairly and my claim is reconsidered?