Commercial airline manufacturer Boeing has pledged to pay a total of 100 million dollars to individuals impacted by the Lion Air and Ethiopian Airlines crashes that killed 346 people.
Boeing Chief Executive Officer, Dennis Muilenburg, will have his work cut out for him at the Paris Air Show this week as he tries to reassure airlines and industry partners over the fate of its flagship 737 MAX plane, indefinitely grounded after two fatal crashes.
Battling the biggest crisis of his tenure, Dennis Muilenburg will try to bolster investor confidence in the manufacturer’s future as well as that of its fastest-selling airplane as questions linger over the model’s safety.
U.S. President Donald Trump on Monday urged Boeing Co to fix and “rebrand” its 737MAX jetliner following two fatal crashes, as regulators worldwide continue to work with the plane maker to review its grounded best-selling aircraft.
Boeing Co says it plans to cut its monthly 737 aircraft production by nearly 20 percent in the wake of two deadly crashes, signalling it does not expect aviation authorities to allow the plane back in the air anytime soon.