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737 Max Crisis

All articles tagged with #737 max crisis

businessaviation1 year ago•2 min saved

"Boeing's CEO Succession: Navigating a Pivotal Moment and Corporate Warning Signs"

Stephanie Pope, the new head of Boeing Commercial Airplanes, addressed staff about the company's "pivotal moment" following the 737 Max crisis and recent safety concerns. She emphasized the need to rebuild trust, improve operations, and prioritize safety and quality. This comes amid pressure from regulators to address systemic quality-control issues after a door panel incident on an Alaska Airlines flight and findings of manufacturing quality control failures.

via Fox Business|

#737-max-crisis #airplane-safety #aviation-industry

business1 year ago•2 min saved

Boeing CEO Dave Calhoun and Executives Step Down Amid Safety Crisis

Boeing CEO Dave Calhoun will step down at the end of 2024 as part of a management shakeup, with board chair Larry Kellner also resigning. Steve Mollenkopf will replace Kellner as chair, and Stephanie Pope will take over as president and CEO of Boeing Commercial Airplanes. The changes come amid increased scrutiny and calls for major changes at the company following a series of quality and manufacturing flaws, culminating in an incident involving a Boeing 737 Max 9.

via CNBC|

#737-max-crisis #aerospace #boeing

aviation-industry1 year ago•2 min saved

"Boeing's MAX Crisis Upsets Aviation's Power Balance"

The aviation industry's financiers are meeting in Dublin amid the aftermath of the Boeing 737 MAX safety crisis, with concerns about supply disruptions and regulatory risks. The recent partial grounding of the 737 MAX 9 following the Alaska Airlines incident has added a new layer of uncertainty to the industry, impacting production and future growth predictions. While leasing companies may benefit from higher returns on investments, airlines could face delays in receiving new technology and higher lease rates, potentially leading to higher fares. The conference will also test confidence in Boeing's leadership, with calls for executives to step aside, as the industry grapples with the implications of the recent safety crisis.

via Reuters|

#737-max-crisis #airline-economics-conference #aviation-finance