All articles tagged with #manufacturing quality
Hexcel Corp.'s shares plummeted after appointing Tom Gentile, who recently resigned as the head of Spirit AeroSystems Holdings Inc., as its new CEO, causing concern among investors due to Spirit AeroSystems' manufacturing quality issues. Gentile will take over as CEO on May 1, with current CEO Nick Stanage becoming executive chairman until his retirement at the end of the year.
The Federal Aviation Administration has given Boeing 90 days to come up with a plan to address quality problems and meet safety standards for building planes after a panel blew off a brand-new Boeing 737 Max jetliner last month. The FAA is currently completing an audit of assembly lines at the factory near Seattle, where Boeing builds planes, following an incident where bolts were found missing after repair work. Boeing CEO David Calhoun stated that the company has a clear picture of what needs to be done and will develop a comprehensive action plan to demonstrate the profound change demanded by the FAA.
The president of Emirates, Tim Clark, has criticized Boeing's manufacturing quality, stating that it has declined and the company is in "the last chance saloon." Emirates and Alaska Airlines are sending engineers to audit Boeing's production lines following incidents involving the 737 Max 9. United Airlines is considering excluding the 737 Max 10 from its acquisition plan. Boeing's CEO, Dave Calhoun, acknowledges the need to restore customer confidence and emphasizes the company's commitment to taking necessary actions. The FAA has completed inspections on nearly 94% of the 737 Max 9 fleet, with planes returning to service, while investigations into the recent incidents continue.