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Boeing’s CEO is scheduled to field questions about plane safety from U.S. senators

U.S. lawmakers are expected to press Boeing’s chief executive Tuesday about the company’s latest plan to fix its manufacturing problems, and relatives of people who died in two crashes of Boeing 737 Max jetliners plan to be in the room, watching him. CEO David Calhoun is scheduled to appear before the Senate investigations subcommittee, …

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FAA chief says Boeing oversight was ‘too hands off’ before 737 MAX 9 incident

The head of the Federal Aviation Administration said Thursday the agency was “too hands off” in oversight of Boeing before a January mid-air emergency in a new Alaska Airlines 737 MAX 9, as it pursued multiple investigations into the planemaker. FAA Administrator Mike Whitaker’s comments at a Senate Commerce Committee hearing mark …

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Activist investor takes $1.9 billion stake in Southwest Airlines, seeks to oust CEO and chair

Activist hedge fund Elliott Management has amassed a $1.9 billion stake in Southwest Airlines and plans to push for leadership changes at the airline that has lagged big rivals. The stake makes Elliott one of Southwest’s largest shareholders, according to FactSet. Shares of Southwest were up 7% in premarket trading Monday. The company had a market …

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Flight attendant union rejects American Airlines’ proposed 17% pay raise

The labor union that represents American Airlines flight attendants on Wednesday rejected a company proposal to immediately raise pay by 17%. CEO Robert Isom offered flight attendants immediate 17% wage increases earlier Wednesday as contract talks continue without a deal, bringing the prospect of a strike closer. The airline and the Association …

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Electric air taxi maker Archer Aviation gets key FAA sign-off

The Federal Aviation Administration has granted Archer Aviation a key certification that gets the electric air taxi maker closer to eventually flying travelers, the company said Wednesday. Archer is making electric vertical takeoff and landing aircraft, or eVTOLs, and won orders and backing in 2021 from United Airlines, which says the new technology could reduce …

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