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Boeing strike the current obstacle for struggling planemaker

Boeing's U.S. West Coast factory workers will stroll off the job after 96% voted on Thursday in favor of a strike, halting production of the planemaker's strongestselling jet as it wrestles with persistent output hold-ups and mounting debt. Here is a timeline of concerns surrounding Boeing:

OCTOBER 2018:

A Lion Air MAX aircraft crashes in Indonesia, eliminating all 189 individuals on board.

NOVEMBER 2018:

The FAA and Boeing say they are assessing the need for software application or style modifications to 737 MAX jets following the Lion Air crash.

MARCH 2019:

An Ethiopian Airlines MAX crashes, killing all 157 people on board. China's air travel regulator ends up being the first in the world to ground limit, followed by others consisting of the U.S. Federal Air travel Administration.

APRIL 2019:

The FAA forms a worldwide group to evaluate the safety of the 737 MAX. Boeing cuts month-to-month production by nearly 20%.

JULY 2019:

Boeing posts its largest-ever quarterly loss.

OCTOBER 2019:

Boeing fires Kevin McAllister, the magnate of its business aircrafts department.

DECEMBER 2019:

The company fires CEO Dennis Muilenburg in the wake of the twin crashes.

JANUARY 2020:

Boeing suspends 737 production, its biggest assembly-line halt in more than twenty years.

MAY 2020:

Boeing resumes 737 MAX production at a low rate.

SEPTEMBER 2020:

An 18-month investigation by a U.S. House of Representatives panel finds Boeing failed in its design and development of the MAX along with its openness with the FAA, which the FAA failed in oversight and accreditation.

NOVEMBER 2020:

The U.S. FAA lifts the grounding order, enabling the 737 MAX to fly again.

JANUARY 2021:

The European Union Aviation Safety Firm approves the MAX's. return to service in Europe.

APRIL 2021:

Boeing halts 737 MAX shipments after electrical problems. re-ground part of the fleet.

NOVEMBER 2021:

Existing and former Boeing company directors reach a $237.5. million settlement with investors to settle suits over. security oversight of the 737 MAX.

APRIL 2023:

Boeing stops briefly shipments of some 737 MAXs to handle a brand-new. provider quality issue involving non-compliant fittings.

AUGUST 2023:

Boeing determines a new 737 MAX supplier quality issue. including incorrectly drilled holes on the aft pressure bulkhead.

JANUARY 2024:

A mid-air cabin blowout forces Alaska Airlines to perform. an emergency landing of its recently obtained 737 MAX 9. aircraft, prompting the FAA to ground 171 of these jets and. initiate an investigation. The FAA likewise bars Boeing from. increasing MAX output, but lifts the grounding of MAX 9s once. examinations were finished.

FEBRUARY 2024:

The U.S. National Transportation Security Board (NTSB). releases its initial report on the Alaska Airlines. occurrence, discovering the door panel that flew off the jet. mid-flight appeared to be missing four crucial bolts.

MARCH 2024:

The FAA's 737 MAX production audit finds numerous instances. where Boeing and Spirit AeroSystems allegedly stopped working to. comply with producing quality assurance requirements. This. comes days after Boeing said it was in preliminary speak with buy. Spirit.

The continuous crisis might indicate Boeing will require more time to. hit crucial monetary targets for coming years, its CFO cautions.

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 states Boeing breached its. commitments in a 2021 contract that protected it from criminal. prosecution over 737 MAX crashes in 2018 and 2019.

JULY 2024:

Boeing acquires Spirit AeroSystems back in an all-stock offer. for $4.7 billion in equity worth.

Boeing agrees to plead guilty to a criminal fraud conspiracy. charge and pay a fine of $243.6 million to deal with the U.S. Justice Department investigation into the two 737 MAX deadly. crashes in 2018 and 2019.

Boeing names former Rockwell Collins executive Kelly Ortberg. as its new president and CEO starting in August after a. months-long search.

SEPTEMBER 2024:

Boeing's Starliner spacecraft lands uncrewed in a New Mexico. desert after technical issues left 2 astronauts it transported to. the International Spaceport station marooned there until February. 2025, when a SpaceX vehicle is expected to return them to Earth.

Boeing stated it had actually reached a tentative contract with a. union representing more than 32,000 workers in the U.S. Pacific. Northwest, but the contract was later rejected in a vote and the. workers said they would go on strike.

(source: Reuters)