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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   
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