Dave Calhoun News

Boeing CEO Kelly Ortberg assured lawmakers on Wednesday that the company will not accelerate production of its 737 MAX aircraft until it establishes a «stable system.» Before the Senate Commerce Committee appearance, Ortberg stated Boeing remains dedicated to quality control while avoiding production increases. Immediately following the January 2024 mid-air emergency with the Alaska Airlines 737 MAX 9, Boeing decided to take action.

Lawmakers have been scrutinizing the company since a January 2024 mid-air emergency involving a new 737 MAX 9 that was missing four key bolts raised fresh questions about Boeing's quality and safety culture, as well as regulatory oversight. «New leadership at Boeing will get a chance to tell Congress how they are implementing new safety standards and creating a stronger safety culture,» said Senator Maria Cantwell, the top Democrat on the committee. Ortberg will tell senators Boeing made «serious missteps» in recent years but has since made «sweeping changes», according to a copy of prepared testimony seen by Reuters and confirmed by the planemaker. «Boeing has made serious missteps in recent years — and it is unacceptable. In response, we have made sweeping changes to the people, processes, and overall structure of our company,» Ortberg will say in his written testimony.

Briefing occurred Tuesday in Renton, Washington, detailing «defect» from supplier.

Boeing on Thursday it could lose its status as a party to the probe into a 737 MAX mid-air blowout after it violated rules by providing non-public information to media and speculating about possible causes. In a letter sent to Boeing CEO Dave Calhoun late on Thursday, NTSB Office of Aviation Safety Director Timothy LeBaron said an executive's comments this week during a factory tour attended by dozens of journalists «released non-public investigative information and made unsubstantiated speculations about possible causes of the Jan. 5 door plug blowout.» LeBaron said the NTSB had considered removing Boeing as a party to the probe and added further infractions could lead to Boeing losing its party status, which would bar it from participating in the investigation.

Boeing Co. whistleblower reports in the first five months of this year compared to all of 2023, according to data the agency shared with Bloomberg News. From Jan. 5 through May, 126 tips were reported to the regulator, compared to 11 in all of 2023, the FAA said in a statement Friday.

Emirates urged Boeing to pick an engineering and business heavyweight to lead a deep overhaul of the U.S. aerospace giant and said the task of ending the planemaker's recent confidence crisis «must get done».

Boeing has more parts trouble, but this time it doesn’t stem from manufacturing snafus or the 737 jet. The blame goes to Russia sanctions still rippling through the jet maker’s supply chain. In the opening days of Russia’s invasion of Ukraine, a maker of a temperature-regulating part for Boeing’s 787 Dreamliner ceased its Russian operations and shifted production west.

Boeing on Wednesday reported its first quarterly revenue drop in seven quarters, but the U.S. planemaker beat Wall Street expectations that were lowered after a January mid-air blowout of a cabin door prompted it to slow production of its strongest-selling jets.

revenue to $16.57 billion, the first drop in seven quarters, as the U.S. planemaker slows production of its strongest-selling jets following a January mid-air blowout. The U.S. planemaker said its first-quarter cash burn, a metric closely watched by investors, was $3.9 billion, compared with negative $786 million a year ago.

Boeing has flown into rough weather again. CEO Dave Calhoun — brought in to revive the aerospace and defence giant in January 2020 from the tailspin of the two 737 Max 8 aircraft crashes in 2018 and 2019 — announced his planned December exit last month. The many pun-laced stories regarding the turbulence enveloping Boeing shouldn't distract from the bleak point that this is just another instance of a giant corporation betraying the trust of the public — and that, sadly, this won't be the last. As the findings of many investigations and committees conclude — even as the company faces fresh safety scrutiny after a Boeing engineer emerged this week alleging 'major flaws' in 777 and 787 Dreamliners — Boeing may have gotten away with shoddy design of the Max 8. The design was cleared by the Federal Aviation Administration (FAA), as per aircraft certification guidelines applicable at the time. This means no one did anything wrong intentionally. Lack of any criminal convictions thus far also appears to support this conclusion. Reduced oversight creates a swamp wherein the shady thrive, and even the scrupulous can lose their sense of ethics. Without oversight, even Atlas could be tempted to shrug and drop the heavens he bears on his shoulders.

Alaska Airlines 737 MAX 9 passengers may be 'crime victims': FBI Biden's remarks came during a high-dollar campaign fundraiser at Radio City Music Hall. Boeing is under fire following relentless episodes of callousness pertaining to the safety of the passengers. Earlier this year, a door of a Boeing 737 Max 9 plane operated by Alaska Airlines blew out midair.

Boeing's troubled commercial airplane unit said the planemaker faces a «pivotal moment» as it works to boost quality and address significant concerns from regulators and airline customers after a panel flew off a 737 MAX 9 jet in January. «This is a pivotal moment for us, and we have serious work ahead to build trust and improve our operations,» said Stephanie Pope, who was named president and CEO of Boeing Commercial Airplanes on Monday, in an email to employees on Wednesday seen by Reuters.

By Allison Lampert and Tim Hepher

choose a new CEO from outside its ranks as it navigates operational and legal challenges under 66-year-old Dave Calhoun, as per a Reuters report. Calhoun is set to step down by 2024-end to make way for a new CEO.

By Stephen Culp

Investing.com-- The S&P 500 closed lower Monday as big tech took breather ahead of key market-moving events this week including an update on inflation and remarks from Federal Reserve officials.  

By David Shepardson and Allison Lampert

Stocks that are trading heavily or have substantial price changes on Monday: United Airlines, Dyne Therapeutics fall; Lucid Group, Century Aluminum rise

Arvind Kejriwal. The display picture campaign was announced by Delhi Minister Atishi on Monday afternoon. All party leaders and volunteers are now changing their profile picture on X, Facebook, WhatsApp and other social media accounts to an image featuring Kejriwal behind bars with the caption ‘Modi Ka Sabse Bada Dar Kejriwal’.

Antitrust crackdown looms over Big Tech: How Apple, Google are likely staring at break-up orders in US and EU Dave Calhoun assumed the role of chief executive in early 2020 following the ousting of his predecessor, Dennis Muilenburg, in the wake of a significant scandal. This scandal unfolded when two new 737 Max aircraft were involved in nearly identical accidents within five months, resulting in the tragic loss of 346 passengers and crew.

Boeing CEO Dave Calhoun, other senior executives to step down after series of high-profile safety incidents CEO Dave Calhoun wrote a personal message to the employees. Team, As you all know, the Alaska Airlines Flight 1282 accident was a watershed moment for Boeing. We must continue to respond to this accident with humility and complete transparency.