It’s been a turbulent week after a turbulent few months at Boeing. CEO Dave Calhoun announced he will step down. But he’s financially tied up in the company for a long time to come.
United Airlines, meanwhile, is facing more oversight from the FAA, and Airbus is worried about a Boeing-style mess. Ever the colorful orator, Ryanair CEO Michael O’Leary, has something to say.
Check out those and more airlines news highlights.
Boeing CEO Dave Calhoun will step down from the aerospace giant by the end of 2024, the company said Monday, as Boeing navigates the fallout from a near-disastrous incident involving a 737 Max jet earlier this year and other safety issues it revealed.
Dave Calhoun announced he was stepping down as Boeing’s CEO. He’ll stick around until the end of the year, but he’ll be invested in the company for years to come.
“As you all know, the Alaska Airlines Flight 1282 accident was a watershed moment for Boeing,” Calhoun wrote in a message to employees on Monday that the company shared. “We must continue to respond to this accident with humility and complete transparency. We also must inculcate a total commitment to safety and quality at every level of our company.”
After a turbulent few months at Boeing, the aircraft manufacturer is hitting another bump: Moody’s Ratings has put two of Boeing’s ratings on review for a downgrade.
In an interview with CNBC on Monday, Calhoun gave an update about reported merger negotiations between Boeing and Spirit AeroSystems, the fuselage supplier behind the troubled 737 Max 9 plane that had a door plug blowout during a January flight by Alaska Airlines.
Airbus might be the best positioned company to benefit from the ongoing struggles at its American rival Boeing — but it’s still scared it could end up in the same boat.
United Airlines has had a turbulent month, marked by at least 11 safety incidents in the U.S. Now, the U.S. Federal Aviation Administration (FAA) is ramping up oversight of the nation’s second-largest airline by revenue.
