Reported about 1 month ago
Boeing's new CEO, Kelly Ortberg, is making significant cuts and restructuring the company to stabilize its precarious financial situation following a major strike and ongoing production issues. With plans to raise cash through asset sales and a focus on core business areas, Ortberg aims to navigate the company away from potential bankruptcy. Meanwhile, the airline industry is feeling the ripple effects of Boeing's troubles, as production delays affect parts suppliers and airline operations.
Source: YAHOO