All articles tagged with #safety crisis
Originally Published 1 year ago — by CNBC
Boeing CEO Dave Calhoun will testify before a Senate panel on June 18 to address whistleblower allegations and quality control issues amid a safety crisis. The hearing follows claims about the 787 Dreamliners' assembly and comes as Boeing faces scrutiny after recent incidents and past 737 Max crashes. Calhoun plans to step down by year's end as part of an executive shake-up.
Originally Published 1 year ago — by CNBC
Boeing's quarterly airplane deliveries dropped to 83, the lowest since mid-2021, as the company faces increased scrutiny following a safety crisis. The drop comes after an incident on Alaska Airlines Flight 1282, prompting the FAA to inspect Boeing's 737 Max production and restrict output until quality control is approved. Boeing is slowing production to improve quality control and avoid delays, with CEO Dave Calhoun set to step down by year's end. The company also compensated Alaska Airlines $160 million for a brief grounding of the 737 Max.
Originally Published 1 year ago — by NBC News
Boeing CEO and other executives are stepping down amid ongoing safety concerns following a series of incidents involving its passenger jets. The company has faced significant challenges and criticism over its handling of safety issues, including the grounding of the 737 Max and a $2.5 billion settlement over concealing information about the aircraft's MCAS system. The departure of the executives comes as the company continues to grapple with rebuilding trust and improving its internal culture and safety practices.
Originally Published 1 year ago — by The New York Times
Boeing's CEO, David Calhoun, will step down at the end of 2024 as part of a major management reshuffle, while Stan Deal, head of the commercial planes division, will retire immediately. The company's chairman, Larry Kellner, will not stand for re-election. This comes as Boeing grapples with safety crises, including a recent incident involving a Max 9 plane. The Federal Aviation Administration has grounded similar planes and imposed limits on Boeing's production increase, while an audit found lapses in Boeing's Max production.
Originally Published 1 year ago — by Fox News
According to a rally organizer, safety has become a "true crisis" in Athens. The organizer's comments were featured in a video on Fox News, where concerns about safety in the city were discussed.
Originally Published 1 year ago — by Reuters
Boeing's production pressures and an exodus of experienced workers have led to a series of manufacturing defects and a second safety crisis in five years, as revealed by a recent incident involving a missing door panel on a 737 MAX. The company's rush to increase output has raised concerns about quality control, with an independent study commissioned to address the issue. The pressure to produce, coupled with a shortage of experienced inspectors, has contributed to a slow-rolling industrial train wreck, prompting soul-searching about Boeing's recovery from back-to-back crises.
Originally Published 1 year ago — by Reuters
Boeing posted a narrower-than-expected quarterly loss and did not offer a financial forecast for 2024, focusing on delivering quality airplanes amidst the aftermath of a mid-air cabin-panel blowout on a 737 MAX aircraft. The company's shares rose 3.3% as it works to regain the confidence of regulators and customers, following an Alaska Airlines-operated MAX 9 jet incident. CEO Dave Calhoun apologized to United Airlines CEO Scott Kirby and emphasized the need for more work to strengthen safety and quality processes. Boeing reported better-than-expected revenue and free cash flow, but industry doubts persist regarding the company's ability to achieve its 2025-2026 cash flow and MAX production targets.