The Latest Breaking News from Boeing

The new offer includes an immediate 13% raise, followed by 9% hikes in each of the next two years, and a 7% increase in the fourth and final year of the contract, resulting in a total pay increase of over 43%. Additionally, workers will also receive a $12,000 ratification bonus.

International Association of Machinists votes to approve latest contract offer after rejecting two previous proposals.

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

Boeing unionized workers vote on contract offer after 7-week strike. Proposed deal includes 38% pay raise over 4 years.

Problems with delivery of 737 aircraft left airline ‘over-crewed and over-costed’, says CEO Michael O’Leary

Irish budget airline Ryanair reported falling net profit for the second quarter on Monday and revised down its passenger growth target following delays in deliveries of Boeing aircraft.

The low-cost airline said more consumers are switching to Ryanair from rival brands.

Investors are braced for volatility as they await the outcome of the US election and this week’s meetings of the Bank of England and Federal Reserve.

Unionized factory workers at Boeing are voting on Monday whether to accept a contract offer or to continue their strike