✂ Fed’s first rate cut since 2020: Use our free Stock Screener to find new opportunities fastExplore for FREE

US transport chief says he's optimistic for Boeing labor resolution

Published 09/19/2024, 07:58 AM
Updated 09/19/2024, 08:00 AM
© Reuters. U.S. Transportation Secretary Pete Buttigieg speaks at the United Association Local 190 Training Center in Ann Arbor, Michigan, U.S., September 6, 2024. REUTERS/Craig Hudson/File photo
BA
-

© Reuters. U.S. Transportation Secretary Pete Buttigieg speaks at the United Association Local 190 Training Center in Ann Arbor, Michigan, U.S., September 6, 2024. REUTERS/Craig Hudson/File photo

WASHINGTON (Reuters) - U.S. Transportation Secretary Pete Buttigieg on Thursday said he believes both sides want to reach an agreement in the labor dispute at Boeing (NYSE:BA) in which 30,000 striking machinists have halted production of its best-selling 737 MAX and other airplanes.

"I do believe that both parties want to get to a resolution here, and hoping to see one that makes sense for the workers and it works for a company that really needs to find its way forward on so many fronts," Buttigieg told CNBC in an interview. Other airlines as well as the Biden administration are watching the situation closely, he added.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.