Boeing investors’ modest hope is that nothing terrible happens for a while. Crashes of 737 Max aircraft in 2018 and 2019, killing 346, exposed design flaws and grounded the model worldwide for more than a year. Then, as the plane gradually reentered service in early 2020, the pandemic virtually halted global air travel. With travel resuming in the spring of 2021, electrical problems with the 737 Max grounded about 100 of the planes, and Boeing “paused” deliveries. In the midst of it all—late 2019—the board of directors ousted CEO Dennis Muilenburg and gave the job to nonexecutive board chairman Dave Calhoun, who’s focused on stabilizing the company and getting it back on a growth trajectory. With his 65th birthday approaching in 2022, the board extended his retirement age to 70.
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Latest news for Boeing
- TechInside the Rolls-Royce plane that just smashed the electric-flight speed recordDecember 4, 2021 2:31 PM UTC
- EnvironmentThe airline industry pledges to get to net zero by 2050—but it’s already running out of timeNovember 9, 2021 6:30 PM UTC
- Leadership11,000 Boeing employees have asked for exemption from COVID-19 vaccine mandateNovember 9, 2021 3:14 AM UTC
- InternationalRyanair hits out at its longtime supplier Boeing: Your 737 Max prices are ‘delusional’November 1, 2021 1:13 PM UTC