Sept 15, V7N -The ongoing Boeing strike, which started on Friday, has the potential to be prolonged as workers, represented by the International Association of Machinists and Aerospace Workers (IAM), push for higher wages and the restoration of a defined-benefit pension scheme. Union leader Jon Holden has stated that the union members feel confident and prepared to stand together for better terms, even though Boeing had initially offered a 25% pay raise spread over four years and a commitment to build the next commercial jet in Seattle if the program is launched within the contract period.

This strike could significantly impact Boeing's finances, which are already strained by a $60 billion debt, as well as disrupt the airline industry and suppliers worldwide. For countries like Bangladesh, which are seeing rapid growth in air travel, the potential delay in jet production could indirectly affect the aviation sector, especially for airlines that rely on Boeing aircraft. Bangladesh’s growing aviation market might face delays in deliveries or servicing of new planes, creating a ripple effect on travel and tourism.

It remains to be seen how long the strike will last, but with tensions rising over stagnant wages and living costs, it's clear that both sides are far from reaching an agreement.

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