Tag Archives: Boeing Max

CNBC reports: For the first time in decades, Boeing’s commercial airplane business lost orders over the course of an entire year, a stark example of just how much the 737 Max crisis has hurt the company. For all of 2019, Boeing lost orders for 87 commercial airplanes, meaning it had more cancellations than new purchases, the company said Tuesday. The …

The New York Times reports: Dennis A. Muilenburg, who was ousted as Boeing’s chief executive last month as the company contended with the biggest crisis in its history, will depart with more than $60 million, the company said Friday. Mr. Muilenburg will not receive any additional severance or separation payments in connection with his departure, and Boeing said he had …

The New York Times reports: Boeing on Monday fired its chief executive, Dennis A. Muilenburg. It said Dave Calhoun, the chairman, would replace Mr. Muilenburg, on Jan. 13. Until then, Boeing’s chief financial officer, Greg Smith, will serve as interim chief executive, the company said. Boeing said in a statement that its board of directors “decided that a change in …

The Daily Beast reports: The Federal Aviation Administration’s own analysis reportedly showed Boeing 737 MAX jets could have one fatal crash every two or three years—but it decided to allow the planes to fly anyway. The Wall Street Journal reports that U.S. regulators carried out an analysis showing the MAX could become one of the most accident-prone airliners in decades …