Flights: Boeing to cut up to 12,000 jobs in latest blow to plane industry

Flights: Boeing to cut up to 12,000 jobs in latest blow to plane industry

Boeing received no orders in April which was the second month this year it has happened.

Another 108 orders were cancelled for the 737 Max, after being grounded due to concerns following the fatal crashes.

In January, before the virus became widespread, Boeing posted its first annual loss in more than two decades.

Last month, Boeing raised $25 billion in a bond offering that it allowed it to avoid taking government aid.

Published at Wed, 27 May 2020 23:26:00 +0000