Texas AG launches probe into Boeing supplier operations, DEI commitments
Mike Boyd, president of Boyd Group International, and Stewart Glickman, CFRA’s deputy director of research, consider the consumer and market impact of Boeing’s recent unrelated safety incidents. Texas Attorney General Ken Paxton on Thursday released an investigation into Boeing parts supplier Spirit AeroSystems regarding the company’s operations and diversity, equity and inclusion (DEI) efforts. Spirit […]
Texas AG Paxton probes Boeing supplier, takes aim at DEI practices
Texas Attorney General Ken Paxton (R) has been investigating a major supplier to aerospace company Boeing over its flagship 737 MAX aircraft being linked to a series of fatal crashes since 2018. “The potential risks associated with certain aircraft models are extremely concerning and could be life-threatening to Texans,” Paxton said in a statement. Paxton […]
Boeing whistleblower’s mom lays blame for son’s apparent suicide in interview
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President Biden pokes fun at Boeing, quips, ‘I don’t sit by the door’ on Air Force One
President Biden joked on Thursday that he would not go near the door of the presidential jet made by Boeing, an aircraft manufacturer that has recently suffered a series of mid-flight accidents. At a big-ticket campaign fundraiser at Radio City Music Hall, Biden was asked by CBS “Late Show” host Stephen Colbert to give an […]
Boeing has ‘serious work ahead’ after Alaska Airlines mess: top exec
The new head of Boeing’s embattled commercial aircraft division is striving to improve quality and address serious concerns from regulators and aviation customers after panels flew off a 737 MAX 9 plane in January. The company said it was facing a “pivotal period” as it dealt with the situation. “This is a pivotal moment for […]
Boeing leadership shakeup raises questions after 737 Max 9 blowout
The resignation of Boeing CEO David Calhoun has cast doubt on the future of the beleaguered airline company as it navigates the aftermath of a high-profile bankruptcy earlier this year. Calhoun announced Monday that he will step down as CEO at the end of the year. Calhoun, who was deployed to assist Boeing with repairs […]
Boeing CEO Dave Calhoun to walk away with $24M payout despite failures
Boeing CEO Dave Calhoun ended the year with a huge paycheck, even though he was unable to complete his term due to the Alaska Airlines door explosion that tarnished the company’s reputation. He is planning to step down. When Mr. Calhoun took the top job in 2020, top executives at the beleaguered aerospace giant, which […]
Boeing CEO, top executives to step down amid safety scandal
Boeing announced that CEO Dave Calhoun and other executives will resign as part of a management restructuring sparked by safety and quality concerns over an in-flight door panel explosion earlier this year. CNBC News report. Calhoun told Boeing employees on Monday that he plans to leave the company at the end of 2024. “As you […]
Boeing CEO stepping down after series of accidents
Boeing CEO Dave Calhoun will step down from his role at the end of this year, the company announced Monday, as the aircraft manufacturer faces increased scrutiny following a series of high-profile accidents. calhounby letter On Monday, the company announced its plans to step down and said it had been “considering for some time” the […]
Boeing CEO to Resign at End of 2024 amid Safety Crisis
Boeing CEO Dave Calhoun will leave the troubled aircraft maker by the end of this year, the company announced Monday. His resignation comes amid Boeing’s biggest safety crisis since the crashes of two Max 8 jets in 2018 and 2019. Larry Kellner, chairman of Boeing’s board of directors, is also retiring. He will be replaced […]