ADVFN - Advanced Financial Network.
HOME» NYSE » B » BA Stock Price » BA Stock News

Boeing Share News

 Boeing Co. (the) Stock Price
BA Stock Price
 Boeing Co. (the) Stock Chart
BA Stock Chart
 Boeing Co. (the) Stock News
BA Stock News
 Boeing Co. (the) Company Information
BA Company Information
 Boeing Co. (the) Stock Trades
BA Stock Trades

Delta Air To Sublease Southwest's Boeing 717 Fleet

DOW JONES NEWSWIRES Delta Air Lines Inc. (DAL) will begin taking delivery of Boeing Co. (BA) 717 aircraft as early as 2013 and has agreed to sublease all 88 of Southwest Airlines Co.'s (LUV) Boeing 717s over three years. Delta reached a tentative labor agreement with the Delta Air Line Pilots Association. The contract, which covers more than 12,000 Delta pilots, will be presented for ratification through June 30. The agreement modifies the profit-sharing program for pilots to 10% of profits from 15% on the first $2.5 billion of profits, effective Jan. 1. The plan will continue to pay 20% of profits above $2.5 billion. A voluntary early-retirement option recently offered to Delta's other employee groups will also be available to Delta pilots upon ratification of the tentative agreement. If ratified, the agreement will accelerate Delta's domestic fleet restructuring strategy. To that end, Delta said it will lease 88 Boeing 717 aircraft currently in service at Southwest's AirTran Airways Inc. unit, primarily to replace 50-seat regional jets and some older DC-9 aircraft still in service. The agreement in principle with Southwest also gives Delta the flexibility to acquire up to 70 larger two-class, 76-seat regional jets as the Boeing 717 aircraft are delivered to Delta. Delta currently operates 255 larger two-class regional jets and the fleet will be increased to 325 aircraft. "These actions pave the way for us to restructure and upgauge our domestic fleet, which will lower our costs, provide more pilot jobs and improve the onboard experience for our customers," said Delta Chief Executive Richard Anderson. The tentative agreement between Southwest and Delta would transfer the 717s over three years at a rate of about three aircraft per month beginning in mid-2013 with completion in 2015. Southwest said it won't release any additional details about the deal at this time. "This is a very complex transaction that requires time and close coordination with multiple parties," said Southwest Chief Operating Officer Mike Van de Ven. "While we do have a tentative agreement with Delta, final details must be completed with all parties before a binding agreement between Delta and Southwest can be completed." --By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Stock News for Boeing (BA)
DateTimeHeadline
05/31/201609:06:00Airbus Ponders How to Blunt Boeing Range Advantage -- Update
05/31/201607:30:00Airbus Redoubles Efforts to Find New Ways to Retrieve Crash Data
05/31/201606:09:00Airbus Ponders How to Blunt Boeing Range Advantage
05/27/201618:15:00Delay for Boeing's New Aerial Tanker -- Update
05/27/201615:30:00Delay for Boeing's New Aerial Tanker
05/27/201615:28:00Boeing's Delivery of New Aerial Tankers to Air Force Will Be...
05/27/201606:01:48Specialized Disclosure Report (sd)
05/25/201611:00:00Boeing Defense, Space & Security CEO Caret to Speak at Deutsche...
05/25/201611:00:00Air China Introduces its First Boeing 787-9 Dreamliner
05/24/201610:40:00Boeing, Air Austral Celebrate Delivery of Airline's First 787...
05/24/201608:50:00Airbus Tackles Its Procrastination Problem
05/24/201603:03:00VietJet to Buy 100 Boeing Planes -- WSJ
05/23/201607:40:00Vietnam's VietJet to Buy 100 Boeing Planes
05/23/201607:18:00Vietnam's VietJet to Buy 100 Boeing Planes -- Update
05/23/201603:30:00Ryanair Sees Bumper Profits From Global Crude Slump
05/23/201601:39:00Vietnam's VietJet Signs $11 Billion, 100-Plane Order With Boeing
05/23/201600:58:00Boeing, Vietjet Finalize Vietnam's Largest Ever Commercial Airplane...
05/20/201614:36:00Boeing Celebrates Grand Opening of 777X Composite Wing Center
05/20/201611:00:00Boeing Chairman and CEO Muilenburg to Speak at Bernstein Strategic...
05/19/201616:20:44Statement of Changes in Beneficial Ownership (4)

Boeing and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad