Dennis Muilenburg stuck to a script that the company “owns” some responsibility, but stopped short of accepting any design flaws.
By Douglas MacMillan Douglas MacMillan Reporter covering corporate accountability Email Bio Follow April 29 at 1:41 PM At Boeing’s annual meeting for shareholders, one investor challenged CEO Dennis Muilenburg to explain why the company built the 737 Max with a single sensor that was vulnerable to failure.
Boeing’s CEO and board of directors confronted difficult questions from investors and the media on Monday, the first time since two crashes of the 737 Max jet threw the company into chaos. Speaking to a half-empty auditorium in Chicago’s’ Field Museum, Muilenburg tried to reassure investors that the company takes safety concerns seriously and is working with regulators to update the technical features of the plane that contributed to both accidents.
Muilenburg didn’t say how soon the 737 Max could fly again. He said the company is working on a software update for the safety problem and is coordinating with the FAA to prepare for a formal certification flight. Boeing hopes that will pave the way for a worldwide grounding of the Max jets to be lifted by global regulators.
At the meeting, Boeing shareholders rejected a proposal to create a separate independent chairman position. Investors also voted against measures that would force the company to reveal more details about its government lobbying.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Boeing 737 MAX return to service paced by regulators, customers: Boeing CEOThe return of the Boeing Co 737 MAX to service in the wake of two deadly crashes...
Lire la suite »
Buy any Boeing pullback in first earnings since 737 Max crisis, market watcher saysWall Street is about to get its first glimpse at how Boeing has weathered its 737 Max crisis. Overlook any near-term weakness, says Mark Tepper.
Lire la suite »
Boeing's stock swings higher after Q1 results, which include $1 billion increased cost for 737 businessBoeing Co.'s commercial airplanes business suffered first-quarter declines in profit, revenue and margin in the wake of groundings of its 737 MAX planes...
Lire la suite »
Boeing abandons financial outlook, sees $1 billion in extra cost on 737 MAXBoeing Co on Wednesday abandoned its 2019 financial outlook, halted share buybac...
Lire la suite »
Boeing suffers $1B hit over 737 MAX crisisThe aviation giant announced on Wednesday it has suffered $1 billion after two deadly Boeing 737 MAX crashes. The company officials said they need to win back consumers' trust again.
Lire la suite »
More Whistleblower Complaints Emerge in Boeing 737 MAX Safety InquiriesU.S. aviation regulators and congressional investigators are looking into complaints by roughly a dozen purported whistleblowers alleging safety problems with Boeing’s beleaguered 737 MAX jets, according to government officials familiar with the matter.
Lire la suite »
Pilots demand better training if Boeing wants to rebuild trust in 737 MAXAmerican Airlines pilots have warned that Boeing Co's draft training propos...
Lire la suite »
Why Airbus isn't pouncing on Boeing's 737 MAX turmoilWhen Boeing launched its 737 MAX jetliner in response to Airbus's record-se...
Lire la suite »
Boeing didn't tell Southwest that safety feature on 737 Max was turned off: WSJSouthwest did not know about the change for more than a year after the new 737 Max jets had gone into service.
Lire la suite »
The Boeing 737 Max crashes show that 'deteriorating pilot skills' may push airlines to favor AirbusExperts agree that modern airliners such as the Boeing 737 Max and Airbus A320neo are designed to compensate for deteriorating pilot skills.
Lire la suite »