DAVID CALHOUN

Boeing's CEO got compensation worth nearly $33 million last year but lost a $3 million bonus

Boeing CEO Calhoun's $33M stock compensation to drop by 25% post incident. He declined a $3M 2023 bonus, will resign. Investigations ongoing into Boeing's manufacturing safety after Alaska Airlines Max jetliner incident.

New Boeing airplane chief says company faces 'pivotal moment'

Boeing has come under intense criticism since a door plug panel tore off a new Alaska Airlines 737 MAX 9 jet at 16,000 feet. In the aftermath of the incident, the FAA grounded the MAX 9 for several weeks, barred Boeing from increasing the MAX production rate and ordered it to develop a comprehensive plan to address "systemic quality-control issues" within 90 days.

Boeing may turn to outsider CEO to tackle spiraling crisis

Facing mounting pressure from airlines, regulators and investors, Boeing on Monday announced a broader than expected shakeup with Calhoun, 66, stepping down by year-end on the heels of the company's commercial planemaking chief and its chairman.

Biggest challenge facing new Boeing CEO is winning over airlines

Boeing’s new management faces a myriad of challenges — criminal investigations, eroding finances, regulatory scrutiny, market share losses to rival Airbus SE — along with a rare opportunity to shift Boeing away from the focus on cash that has driven its strategy for the past decade.

Boeing confirms it's in talks to buy Spirit AeroSystems, its key supplier on the troubled 737 Max

Boeing is considering buying Spirit AeroSystems, which builds fuselages for its 737 Max jetliners. The move aims to improve quality and safety, addressing concerns over recent manufacturing issues. Spirit, previously owned by Boeing, has faced scrutiny for quality problems, including fuselage panel fit and drilling issues. Both companies confirmed talks, noting potential benefits for aviation safety and quality. Spirit's stock rose over 15% on the news. Boeing's plan to acquire Spirit comes as it faces its own manufacturing challenges and increased regulatory scrutiny.

FAA approves inspection process that could clear the way for grounded Boeing planes to fly again

A panel called a door plug blew off an Alaska Max 9 as it flew five kilometers above Oregon on January 5. The blowout left a hole in the side of the plane, but pilots were able to return to Portland and land safely. The FAA grounded most Max 9s the next day. Alaska and United Airlines - the only U.S. carriers with Max 9s - have canceled hundreds of flights since then, and United said this week that it will lose money in the first three months of this year because of the grounding.

US officials say 40 Boeing jets have been inspected as investigations continue into midair blowout

Federal officials briefed a congressional committee on their investigations into a jetliner accident involving a Boeing plane. The Federal Aviation Administration will review inspections of Boeing 737 Max 9 jets and develop a maintenance process before allowing them to carry passengers again.

Boeing picks a retired admiral to lead a team that will review safety in manufacturing planes

Boeing CEO David Calhoun said he asked Kirkland Donald to a team that will make recommendations to improve oversight of quality in the company's factories and those of its suppliers.

Alaska Airlines cancels flights on certain Boeing planes through Saturday for mandatory inspections

Alaska Airlines cancels Boeing 737 Max 9 flights after in-flight fuselage blowout. The grounding, prompted by a door plug incident, affects 110-150 daily flights. United Airlines, the only other US Max 9 operator, cancels 167 flights. FAA orders Boeing to revise inspection guidelines after Alaska and United find loose bolts and other issues. Boeing CEO acknowledges a "quality escape" and updates procedures. Kayak reports a three-fold increase in users filtering aircraft type after the incident. Boeing's Max, troubled since 2018 crashes, faces renewed safety concerns and public scrutiny.

Investigation into why a panel blew off a Boeing Max 9 jet focuses on missing bolts

Spirit AeroSystems' record is also likely to come under more scrutiny. In a federal securities lawsuit filed last May in Manhattan, an investor charged that Spirit concealed widespread quality failures including defects in fuselage fittings, improperly drilled holes in bulkheads that keep planes pressurized, and missing fasteners.

Boeing loses $1.6 billion on fewer deliveries of airliners and higher costs for Air Force One jets

Boeing reported a $1.64 billion loss in the third quarter due to lower deliveries of its best-selling plane and increased costs for building Air Force One jets. The company lowered its forecast for 737 Max production and said production and deliveries of 737s will be slowed due to inspections and additional work. Excluding special items, the company lost $3.26 per share.

Boeing loses USD 149 million in Q2 as the plane maker is pushing ahead with production increases

Boeing flipped to a USD 149 million loss in the second quarter despite higher revenue, as the plane maker struggled with higher costs in both its airline and defence business. Boeing said it is beginning to increase production of its two most popular airline planes.

Boeing CEO David L Calhoun, says PM Modi has a big vision for India's aviation and aerospace

Boeing reports Q2 profit but misses Wall Street expectations

Revenue from Boeing's normally steady defense business fell 10% in a year, and it took charges totaling $240 million for an unmanned refueling plane being developed for the Navy and its Starliner spacecraft, which is designed to ferry crews to the International Space Station.

Boeing discloses $1.5-bln hit from halt to 777x production; submits plan for Dreamliner

For its troubled 787 Dreamliner program, the planemaker said it has submitted a certification plan to the U.S. regulator in a step toward resuming deliveries halted for nearly a year by an industrial snafu costing about $5.5 billion.

Boeing shares tumble after fatal China crash

The crash involved a Boeing 737-800 -- a different model from the MAX -- operated by China Eastern and carrying 123 passengers and nine crew members, according to Chinese aviation authorities.

Tale of two companies: Airbus recovers as Boeing reels

While Airbus has returned to profit and delivered 460 aircraft in the first 10 months of the year, Boeing remains in the red and has supplied just 268 planes.

Boeing taps former GE executive Brian West as CFO

Boeing has named senior vice president Dave Dohnalek as interim financial chief until West takes over. West has been the CFO of financial market data provider Refinitiv since 2018.

Boeing posts USD 537 million loss in Q1, less than a year ago

CEO David Calhoun said the pandemic continues to challenge the market for planes but said the company sees 2021 as a turning point, with distribution of vaccines against COVID-19 picking up. He said Boeing's defense and space business is providing stability for the company.

Boeing CEO waived pay but got compensation worth $21 million

Calhoun, who became CEO in January 2020, received USD 269,231 in salary for the period before he disavowed his salary in March.

Boeing posts $8.4 billion loss on weaker demand for planes

Boeing is reporting another huge loss, this one because of a setback to its 777X widebody jetliner. Most of Boeing's troubles over the past two years have swirled around the troubled 737 Max.

Boeing will pay $2.5 billion to settle charge over 737 Max

The government and the company said Thursday that the settlement includes money for the crash victims' families, airline customers and a fine.

Boeing to cut staff, plane output after big Q1 loss

The aerospace giant plans to reduce its workforce by 10 percent through a combination of voluntary and involuntary layoffs and will slash production of its main commercial planes, including the 787 and 777, Chief Executive David Calhoun said in a message to employees that accompanied an earnings release.