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|    AVIATION    |    Aviation echo, airline-related news    |    717 messages    |
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|    Message 213 of 717    |
|    Aviation HQ to All    |
|    Boeing CEO quits    |
|    23 Dec 19 16:39:36    |
      MSGID: 2:292/854 122f213d       Boeing's chief executive Dennis Muilenburg resigns with immediate effect. The       American aviation concern reports this.               The board of directors found a change at the top needed to restore confidence       in the company, it is said.               Boeing is in a difficult position after two fatal crashes with his 737 Max       device. All aircraft of that type have been on the ground since March. That       will remain so until there is clarity about any technical defects. There is       still an investigation into the cause of the two crashes. Last week Boeing       announced that the production of the 737 MAX will be temporarily suspended       from January.               The pressure on Muilenburg became too great. At the end of October, Boeing's       senior executive still had to face the scrutiny of the American Congress.       There he did not go much further than apologizing to the families of the       victims.               Now he resigns. He is succeeded at the top of Boeing by David Calhoun. He will       not start until January 13, until then financial director Greg Smith will be       interim CEO. In the press release from Boeing, Calhoun says that he strongly       believes in the future of Boeing and - strikingly - the 737 MAX.               David Calhoun succeeded Muilenburg in October as chairman of the board of       directors, now he does the same as CEO.               The 737 Max, the aircraft manufacturer's best-selling aircraft, has been on       the ground since March after two fatal accidents with 346 victims. The       accidents, in Indonesia and Ethiopia, were caused by software that pushed the       nose of the planes down. The ban on having the 737 Max fly cost the aircraft       manufacturer more than 9 billion dollars - almost 8.1 billion euros. So far       Boeing has continued to produce 737 MAXs, around 42 a month.              --- D'Bridge 3.99        * Origin: AVIATION ECHO HQ (2:292/854)       SEEN-BY: 1/123 15/2 90/1 153/757 221/1 229/354 426 1014 240/5832 249/317       SEEN-BY: 249/400 261/38 280/464 292/854 8125 317/3 322/757 335/364       SEEN-BY: 342/200 396/45 633/280 801/188       PATH: 292/854 229/426           |
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