The Latest Breaking News from Kelly Ortberg

Emirates Airlines frustrated with Boeing and Airbus over delays in aircraft deliveries. Boeing also facing operational challenges and financial strain.

Boeing's new CEO Kelly Ortberg had some brutal feedback for staff, telling them to stop complaining and start competing.

Boeing's problems are self-inflicted; they have nothing to do with outside pressure or the state of the market. Mismanagement, a lack of strategic vision, and giving short-term gains top priority over long-term development have destroyed public confidence and shareholder value.

Boeing has delivered layoff notices to more than 400 members of its professional aerospace labor union, part of thousands of cuts planned as the company struggles to recover from financial and regulatory trouble as well as an eight-week strike by its Machinists union

Boeing has announced significant layoffs, affecting 17,000 employees. This comes amidst a series of challenges for the aerospace giant.

Boeing said Tuesday that it delivered 14 aircraft in October, but production will likely take several weeks to return to normal after a worker strike that hit operations at two major assembly plants.

The planemaker's CEO, Kelly Ortberg, stated that while factory workers would be repaid for lost wages, the company would still go ahead with its plans to slash approximately 10% of its workforce globally.

Joe Biden congratulates company and union for reaching a deal, after direct mediation by the White House

Striking workers at Boeing approved a new contract proposal on Monday, ending a more than seven-week stoppage that had cost the beleaguered aviation giant billions.

A strike by 33,000 Boeing factory workers is coming to an end

The 33,000 workers who have been on strike since September could return to work this week