Boeing ousts its CEO after two deadly 737 Max crashes - News Summed Up

Boeing ousts its CEO after two deadly 737 Max crashes


The company said Muilenburg departed immediately and its current chairman, David Calhoun, will take over as CEO on Jan. 13. Five months later, in March, an Ethiopian Airlines Max went down shortly after takeoff from Addis Ababa. Ababu Amha, who lost his wife, a flight attendant, in the Ethiopian Airlines crash, welcomed Muilenburg’s departure. Without the planes, airlines had to scale back on plans for more flying. Boeing has estimated it will spend at least $9 billion to compensate airlines and adjust the Max production schedule.


Source: thestar December 23, 2019 21:11 UTC



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