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Old 26th December 2019, 01:39 PM
Greg Hyde Greg Hyde is online now
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Default Boeing sacks CEO Dennis Muilenburg to restore confidence in plane maker after 737 MAX

Boeing sacks CEO Dennis Muilenburg to restore confidence in plane maker after 737 MAX crashes

Boeing has sacked its chief executive Dennis Muilenburg following a year of intense scrutiny and industrial setbacks set off by two fatal crashes of its 737 MAX jetliner.

The company announced that chairman David Calhoun would take over as CEO and president from January 13, saying a change in leadership was necessary to restore confidence in the company.

The management shakeup comes as the world's largest plane maker struggles to win regulatory approval for its grounded best-selling jetliner, while also trying to regain trust with passengers and airline customers.

The US aerospace giant decided to hit pause on making the 737 MAX after a two-day meeting in Chicago last week.

It followed news the US Federal Aviation Administration (FAA) would not approve the plane's return to service before 2020.

The company said it would stop production of the jets in January.

The 737 MAX has been grounded since March, after crashes in Indonesia and Ethiopia within five months of each other killed 346 people and cost the plane manufacturer more than $US9 billion ($13.1 billion).
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