Boeing cuts corporate jet flights by 85% and plans to cut 17,000 jobs amid financial strain.

Since August 2019, Boeing has slashed its corporate jet flights by 85%, from 146 to 29, under new CEO leadership. This cost-cutting move, made amid financial pressure and a strike, includes instructing executives to fly economy. Boeing aims to permanently reduce costs by eliminating 17,000 jobs and possibly selling non-core businesses.

November 29, 2024
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