Alaska Airlines plane cracks while flying/tiktok
Dave Calhoun, CEO of Boeing, will step down by the end of the year, as part of the company's extensive management shakeup, following the safety crisis at the largest US aircraft manufacturer.
At the same time, the president and CEO of the company's commercial aircraft division, Stan Dale, will also retire, and will be replaced by Stephanie Pope. Calhoun will be replaced by Steve Mollenkopf, the former CEO of Qualcomm, and will be the second CEO of Boeing to be replaced in less than four years.
Before that, it was Dennis Muhlenberg, who was replaced following the pair of crashes of the 737 Max in Ethiopia and Indonesia, which cost the lives of 346 people and exposed failures in Boeing's corporate culture that put increasing its profits before the safety of its planes. Boeing then avoided explaining to the airlines the full significance of the changes it made to the improved model of the best seller its, in an attempt to create a young and cheap competitor to the Airbus A320, and did not install in the plane as standard equipment that would identify and allow easier dealing with the instability caused by the more economical and larger engines.
Since then, Boeing has had trouble recovering. In January, a panel broke on Alaska Airlines' 737 Max while there were 171 passengers and crew on board crew, after undergoing maintenance at a Boeing factory where a door on the plane was replaced with a fixed panel to allow for the addition of seats.The pilots made a quick emergency landing with a hole in the plane, with no injuries.
Calhoun.
The second CEO to be replaced in four years/GettyImages, Anna Moneymaker
In an audit conducted by the US Aviation Safety Authority, the FAA, at the Boeing factory in Seattle, the factory failed more than 12 criteria and in response the production rate of the aircraft was limited, which severely damaged the company's revenues. Boeing, which since the late 1950s had dominated the passenger aircraft market after the Its 707, which set the rules by which jet passenger aircraft are designed, has been unable to catch up with Europe's Airbus in recent years.
In 2023, Boeing lost $2.2 billion on sales of $77.8 billion, compared to a profit of $3.79 billion for Airbus, which has no military and aerospace divisions to lean on. Boeing delivered 528 aircraft and received 1,456 new orders, compared to 735 aircraft delivered by Airbus, while receiving 2,319 orders. The company is behind in licensing and production of strategic models such as the 737-10 and X777, making it difficult for the airlines that ordered them to launch new routes and serve global growth in passenger traffic. The result: Airbus production lines are full until the middle of the next decade, after more and more companies express distrust in Boeing and turn to order aircraft from the competitor.
"This is a turning point for Boeing, which requires an absolute commitment to safety and quality at every level of the company," Calhoun wrote in his retirement notice his, in which he claimed that the decision was entirely his.
"The eyes of the whole world are looking at us and I'm sure we'll come out a better company after everything we've learned in recent years."
Since the incident with the 737, Boeing shares have lost 25% of their value.
This morning, after the announcement of the management change in the company, they rose by 2% in early trading.
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