Plus, Dave Calhoun has 51 million reasons to hope his successor turns Boeing around
It’s been a turbulent week after a turbulent few months at Boeing $BA. 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 $BA 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 $BA’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 $BA,” 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 $BA, 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 $BA 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.
Ryanair’s CEO isn’t too concerned about who leads Boeing $BA — as long as the beleaguered airplane maker’s problems get resolved. Fast.
Airbus might be the best positioned company to benefit from the ongoing struggles at its American rival Boeing $BA — 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.
