Sept 8 (Reuters) -
Boeing ( BA ) has reached a tentative deal with a union
representing more than 32,000 workers in the U.S. Pacific
Northwest, an early win for new Boeing ( BA ) CEO Kelly Ortberg that
could help avert a possible crippling strike as the troubled
planemaker looks to restore confidence with regulators, the
industry and the public.
Boeing ( BA ), one of two global planemaking giants, has faced
a reputational and safety crisis after a Jan. 5 mid-air panel
blowout on a 737 MAX 9 jet, that led to the eventual resignation
of CEO Dave Calhoun.
Here is a timeline of recent issues surrounding Boeing ( BA ):
OCTOBER 2018: A Lion Air MAX plane crashes in Indonesia,
killing all 189 people on board.
NOVEMBER 2018: The FAA and Boeing ( BA ) say they are evaluating
the need for software or design changes to 737 MAX jets
following the Lion Air crash.
MARCH 2019: An Ethiopian Airlines MAX crashes, killing all
157 people on board. China's aviation regulator becomes the
first in the world to ground the MAX, followed by others
including the U.S. Federal Aviation Administration.
APRIL 2019: The FAA forms an international team to review
the safety of the 737 MAX. Boeing ( BA ) cuts monthly production by
nearly 20%.
JULY 2019: Boeing ( BA ) posts its largest ever quarterly loss.
SEPTEMBER 2019: Boeing's ( BA ) board of directors creates a
permanent safety committee to oversee development, manufacturing
and operation of its aircraft.
OCTOBER 2019: Boeing ( BA ) fires Kevin McAllister, the top
executive of its commercial airplanes division.
DECEMBER 2020: The company fires CEO Dennis Muilenburg in
the wake of the twin crashes.
JANUARY 2020: Boeing ( BA ) suspends 737 production, its biggest
assembly-line halt in more than 20 years.
MAY 2020: Boeing ( BA ) resumes 737 MAX production at a "low
rate."
JUNE 2020: Boeing ( BA ) begins a series of long-delayed flight
tests of its redesigned 737 MAX with regulators at the controls.
SEPTEMBER 2020: An 18-month investigation by a U.S. House of
Representatives panel finds Boeing ( BA ) failed in its design and
development of the MAX as well as its transparency with the FAA,
and that the FAA failed in oversight and certification.
NOVEMBER 2020: The U.S. FAA lifts the grounding order,
allowing the 737 MAX to fly again.
DECEMBER 2020: Congress passes legislation to reform how the
FAA certifies new airplanes, including requiring manufacturers
to disclose certain safety-critical information to the FAA.
JANUARY 2021: The European Union Aviation Safety Agency
approves the MAX's return to service in Europe.
MARCH 2021: China's aviation regulator says major safety
concerns with the MAX needed to be "properly addressed" before
conducting flight tests.
APRIL 2021: Boeing ( BA ) halts 737 MAX deliveries after electrical
problems re-ground part of the fleet.
NOVEMBER 2021: Current and former Boeing company directors
reach a $237.5 million settlement with shareholders to settle
lawsuits over safety oversight of the 737 MAX.
OCTOBER 2022: The FAA tells Boeing ( BA ) that some key documents
submitted as part of the certification review of the 737 MAX 7
are incomplete and others need a reassessment.
DECEMBER 2022: Congress agrees to extend a deadline for new
standards for modern cockpit alerts stemming from the 2020
legislation after intense lobbying from Boeing ( BA ).
APRIL 2023: Boeing ( BA ) pauses deliveries of some 737 MAXs to
deal with a new supplier quality problem involving non-compliant
fittings.
JULY 2023: Boeing's ( BA ) first delivery of the 737 MAX 7 is
delayed to 2024.
AUGUST 2023: Boeing ( BA ) identifies a new 737 MAX supplier
quality problem involving improperly drilled holes on the aft
pressure bulkhead.
SEPTEMBER 2023: Boeing 737 MAX deliveries fall to their
lowest levels since August 2021.
DECEMBER 2023: Boeing ( BA ) makes its first direct delivery of a
787 Dreamliner to China since 2019, seen as a precursor to China
potentially unfreezing deliveries of the 737 MAX.
JANUARY 2024: A mid-air cabin blowout compels Alaska Air ( ALK ) to
perform an emergency landing of its recently acquired 737 MAX 9
aircraft, prompting the FAA to ground 171 of these jets and
initiate an investigation. The FAA also bars Boeing ( BA ) from
increasing MAX output, but lifts the grounding of MAX-9s once
inspections were completed.
FEBRUARY 2024: The U.S. National Transportation Safety Board
(NTSB) published its preliminary report on the Alaska Air ( ALK )
incident involving a Boeing 737 MAX jet. According to the
investigation, the door panel that flew off the jet mid-flight
appeared to be missing four key bolts.
MARCH 2024:
** The FAA's 737 MAX production audit finds multiple
instances where Boeing ( BA ) and Spirit AeroSystems ( SPR ) allegedly
failed to comply with manufacturing quality control
requirements. This comes days after Boeing ( BA ) said it was in
preliminary talks to buy Spirit.
** The ongoing crisis may mean Boeing ( BA ) will need more time to
hit key financial targets for coming years, its CFO warns.
** Airbus clinches orders for 65 jets from two of
Boeing's ( BA ) key Asian customers, Japan Airlines ( JPNRF ) and Korean
Air.
** The U.S. planemaker says CEO Dave Calhoun will step down
and announces that Stan Deal, Boeing Commercial Airplanes
President and CEO, will be succeeded by Stephanie Pope.
MAY 2024
** The U.S. Department of Justice says Boeing ( BA ) breached its
obligations in a 2021 agreement that shielded it from criminal
prosecution over 737 MAX crashes in 2018 and 2019.
JULY 2024:
** Boeing ( BA ) acquires Spirit AeroSystems ( SPR ) back in an all-stock
deal for $4.7 billion in equity value. The deal comes as Boeing ( BA ),
which had sold Spirit in 2005 to cut costs, attempts to solve
its quality hurdles and accelerate jet deliveries.
** Boeing ( BA ) agrees to plead guilty to a criminal fraud
conspiracy charge and pay a fine of $243.6 million to resolve
the U.S. Justice Department investigation into the two 737 MAX
fatal crashes in 2018 and 2019.
** Boeing ( BA ) names former Rockwell Collins executive Kelly
Ortberg as its new president and CEO after a months-long search.
AUGUST 2024:
**Reuters reports Boeing ( BA ) and Lockheed Martin ( LMT ) are
in talks to sell their rocket-launching join venture United
Launch Alliance to Sierra Space, a deal that could value ULA at
around $2 billion to $3 billion, sources said.
SEPTEMBER 2024:
**Boeing's ( BA ) Starliner spacecraft lands uncrewed in a New
Mexico desert after technical issues left two astronauts it
ferried to the International Space Station marooned there until
February 2025, when a SpaceX vehicle is expected to return them
to Earth.
**Boeing ( BA ) said it had reached a tentative agreement with
a union representing more than 32,000 workers in the U.S.
Pacific Northwest, in a deal that could help avert a possible
crippling strike as early as Sept. 13. The proposed four-year
agreement must still be approved by union members.