Inspirato brought in a new CEO and chairman, Payam Zamani, who arrived with a deal for $10 million in equity financing for the struggling luxury vacation club.
31.07.2024 - 19:50 / thepointsguy.com / Dave Calhoun
Boeing will appoint Robert "Kelly" Ortberg as its new CEO, the company said on Wednesday. The announcement comes months after current CEO Dave Calhoun announced plans to step down by year's end amid a shake-up at the company stemming from its ongoing manufacturing crisis. Ortberg begins Aug. 8.
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Ortberg, 64, is a longtime aerospace industry veteran but a newcomer to Boeing.
Ortberg joined Rockwell Collins, a major aerospace component manufacturer and Boeing supplier, as a program manager in 1987. He rose through the ranks and became CEO in 2013. He ushered the company through a 2018 merger with United Technologies, which eventually led to it being absorbed by RTX, formerly known as Raytheon. He retired as CEO of RTX subsidiary Collins Aerospace in 2021.
He began his career as an engineer at Texas Instruments as an engineer, holds a bachelor's degree in mechanical engineering and is a former chair of the Aerospace Industries Association Board of Governors.
Ortberg assumes the lead at Boeing at a fraught time for the U.S. plane-maker.
Boeing has spent nearly the entirety of 2024 in crisis following the Jan. 5 decompression aboard an Alaska Airlines 737 MAX 9 that occurred when a door plug fell from the aircraft, leaving a hole in the fuselage. The subsequent investigation showed that the piece was removed and reinstalled by Boeing workers without crucial bolts to hold it in place during manufacturing. The pilots landed the plane a few minutes later without serious injuries among any passengers or crew members.
Read more: What to know about the Boeing 737 MAX 9 and the MAX series
The incident reopened intense scrutiny of Boeing that was mostly dormant since the 737 MAX reentered service in late 2020 following a 20-month global grounding of the fleet after the second of two fatal crashes. Public attention refocused on the plane-maker's safety and quality control processes, while everything from insignificant and routine maintenance issues to more serious mechanical issues generated breaking news headlines amid hyperfocus on air travel during the first few months of the year.
Boeing was already struggling to increase its production rates on its commercial airplane manufacturing lines, particularly the 737 MAX, when the latest crisis hit. Boeing lowered its production rates during a "safety stand-down" in order to develop and institute a new safety management process. The company is trying to reach its previous production target of 38 MAX jets per month and then increase from there, although the Federal Aviation Administration said it would have to approve rate increases beyond that initial target.
Boeing has also struggled
Inspirato brought in a new CEO and chairman, Payam Zamani, who arrived with a deal for $10 million in equity financing for the struggling luxury vacation club.
While most American cities aren’t considered easy to navigate by foot, a recent study by travel insurance experts AllClear ranked one popular Southern city as the most walkable in the country. AllClear examined topographical information for more than 240 cities around the world, taking into account average elevation and range, and assigned each city a score — and ultimately, it was New Orleans that was named the most walkable city in the U.S. and the fourth most walkable city globally.
The passenger experience at New York's John F. Kennedy International Airport (JFK) is about to get a major improvement.
Travelers flocking to the World of Hyatt loyalty program increasingly have new ways to earn and use points — and the Chicago-based hotel giant isn't done adding more variety to its offering.
The ultra-luxurious Park Hyatt New York is set to undergo a multimillion-dollar renovation targeting its suites and salon.
Sleeping under the stars is one of summer’s greatest pleasures. But you don’t have to rough it to enjoy some much needed R&R in the Catskills.
This as-told-to essay has been adapted from a conversation with Sophie Rae , a 27-year-old graphic designer and artist, who lives in both Boston and New York City. It has been edited for length and clarity.
Atlantis Resorts will name Paul Baker as its new president, according to an internal memo obtained by Skift that was written by Philippe Zuber, the CEO of Kerzner International, the operator of the Atlantis brand.
New York City hotels are notoriously expensive, but that doesn't mean there aren't good deals out there if you're willing to be flexible.
Aug 1, 2024 • 3 min read
July was a whirlwind — and, well, the news was nonstop. Between politics, that wild global computer fiasco (you know, the one that hit airlines hard) and the Olympics starting, you might have missed some big news on the hotel front.
Skift Global Forum on September 17-19 in New York City is the premier gathering for anyone in the online travel industry, bringing together the brightest minds and leading voices in OTAs and beyond.