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Al Ghaith, meanwhile, suggested that regulatory limitations in Europe and the U.S. may be stifling innovation. “Look at Boeing—they’re now dealing with strikes that have further delayed production. Having more competition in the aircraft manufacturing sector would certainly benefit us all, and I welcome it with open arms,” he said.
The labor strife is costing the company about $100 million a day in lost revenue by some estimates, and the stoppage has shut down Boeing plants in Washington, Oregon and California. The fallout is also rippling through Boeing's suppliers. Spirit AeroSystems Holdings Inc. has said that it will furlough 700 workers, and that it might need to resort to layoffs if the strike continues into next month.

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