Niel Golightly resigned today as Senior Vice President of Communications at the Boeing Company. Boeing has initiated a search for his successor. In the interim, the communications function will report to Greg Smith, Executive Vice President of enterprise operations and chief financial officer until a permanent successor is named.
Niel’s decision to resign stems from an employee complaint that brought to the Company’s attention an article he wrote in 1987 while serving in the military, about whether women should serve in combat.
Boeing does not agree with the views expressed in the article, and it does not reflect Niel’s views today. “My article was a 29-year-old Cold War navy pilot’s misguided contribution to a debate that was live at the time. My argument was embarrassingly wrong and offensive. The dialogue that followed its publication 33 years ago quickly opened my eyes, indelibly changed my mind, and shaped the principles of fairness, inclusion, respect and diversity that have guided my professional life since. The article is not a reflection of who I am; but nonetheless I have decided that in the interest of the company I will step down,” said Golightly.
“Niel and I discussed at length the article and its implications for his role as the Company’s lead spokesman,” said David Calhoun, President and CEO. “I greatly respect Niel for stepping down in the interest of the company. I thank him for his contributions to the Boeing Company, which have been substantial even in a short time. Our Executive Council and I thank him and wish him all the best in his future endeavors.”
Mr. Calhoun added, “I want to emphasize our Company’s unrelenting commitment to diversity and inclusion in all its dimensions, and to ensuring that all of our employees have an equal opportunity to contribute and excel.”
Due to increased uncertainty surrounding the duration and scale of the Covid-19 outbreak, Air New Zealand has today announced that it will be withdrawing the full year 2020 earnings guidance it issued to the market on 24 February 2020 and reconfirmed at its interim results announcement on 27 February 2020.
Air New Zealand has taken numerous steps to mitigate the impact of reduced demand resulting from Covid-19, including reducing capacity on its Asia, Tasman and Domestic networks, redeploying its fuel efficient 787 Dreamliner fleet to drive operational efficiencies and using tactical pricing to stimulate demand on the impacted sectors. However, the airline now believes that the financial impact is likely to be more significant than previously estimated and with the situation evolving at such a rapid pace, the airline is not in a position to provide an earnings outlook to the market at this time. An update on earnings expectations will be provided when appropriate.
Over the course of the past week the airline has seen additional softness in demand with a decline in bookings across its network. The further spread of Covid-19 to countries outside of China, including New Zealand, has driven a downward shift in demand.
Chief Executive Officer Greg Foran says that it is increasingly clear that Covid-19 has created an unprecedented situation and it is difficult to predict future demand patterns.
“We have been continuously monitoring bookings and in recent days have seen a further decline which coincides with media coverage of the spread of Covid-19 to most countries on our network as well as here in New Zealand,” says Mr Foran.
In response the airline has implemented further capacity reductions to its network, which include extending the suspension of its Shanghai service through to the end of April, and additional consolidation of services across the Tasman, Pacific Islands and Domestic network in March and April.
As a result of these actions, Air New Zealand has reduced total capacity into Asia by 26 percent, and total overall network capacity by approximately 10 percent since the outbreak of Covid-19 started.
Like the vast majority of its industry peers, the airline is also pursuing a range of mitigations in response to the swift decline of demand. These include the deferral of non-urgent capital spend and non-critical business activity across operational and corporate functions.
Chief Executive Officer Greg Foran has voluntarily offered to reduce his base pay of $1.65 million by approximately 15% ($250,000) with the support of the Board, and Air New Zealand’s Executive team will extend their salary freeze that has been in place since May 2019. On top of this, the airline has implemented a hiring freeze for all roles that are non-critical and will offer operational staff the option to take unpaid leave in addition to managing annual leave balances.
“Air New Zealand is a strong and resilient business operated by a world-class team with deep experience having navigated prior shocks to our business and industry. While we have already made swift adjustments to our operations, we are prepared to take further actions to address the ongoing demand impact of Covid-19,” says Mr Foran.
Summary of Air New Zealand’s response since the Covid-19 outbreak
Overall capacity reductions of approximately 10% across the network, including: – Asia capacity reduction of 26% through June, including extension of Shanghai route suspension through April – Tasman capacity reductions of 7% through June – Pacific Islands capacity reductions of 6% through June – Reductions across the Domestic network of approximately 4%, with a 10% to 15% reduction in March and April
Various labour initiatives including a voluntary reduction in CEO pay, a hiring freeze for all non-critical roles and voluntary unpaid leave for operational staff
Deferral of non-urgent capital spend and any non-critical business activity
Teams at Stennis Space Center prepare for core stage hot-fire testing ahead of Artemis I lunar mission
Boeing [NYSE: BA] today delivered the core stage of NASA’s first Space Launch System (SLS) deep space exploration rocket, moving it out of the NASA Michoud Assembly Facility in New Orleans to the agency’s Pegasus barge.
The event marks the first time a completed rocket stage has shipped out of Michoud since the end of the Apollo program. SLS Core Stage 1 is the largest single rocket stage ever built by NASA and its industry partners.
The rollout follows several weeks of final testing and check-outs after NASA’s declaration of “core stage complete” during a December 9 Artemis Day celebration at Michoud.
NASA will transport the SLS core stage to its Stennis Space Center in Bay St. Louis, Mississippi, in the next few days for “Green Run” hot-fire engine tests later this year. After inspection and refurbishing for launch, the stage moves to Kennedy Space Center in Florida. At Kennedy, the core stage will be integrated with the Interim Cryogenic Upper Stage (ICPS) and NASA’s Orion spacecraft for the uncrewed Artemis I mission around the moon – the first launch of a human-rated spacecraft to the Moon since Apollo 17 in 1972.
“The Boeing SLS team has worked shoulder-to-shoulder with NASA and our supplier partners to face multiple challenges with ingenuity and perseverance, while keeping safety and quality at the forefront,” said John Shannon, Boeing SLS vice president and program manager.
SLS is the world’s most powerful rocket, evolvable and built to carry astronauts and cargo farther and faster than any rocket in history. Its unmatched capabilities will deliver human-rated spacecraft, habitats and science missions to the moon, Mars and beyond as part of NASA’s Artemis program.
“We are applying what we’ve learned from development of the first core stage to accelerate work on core stages 2 and 3, already in production at Michoud, as well as the Exploration Upper Stage that will power NASA’s most ambitious Artemis missions,” said Shannon.
Space Launch System Core stage 1 rollout from Michoud Assembly Facility to NASA’s Pegasus barge; for Green Run test. MSF20-0002 Series. Leanne Caret_President and CEO of Boeing Defense, Space & Security.
