Boeing's CEO quits, Ryanair's CEO reacts, United faces more trouble: Airlines news roundup
It’s been a turbulent week after a turbulent few months at Boeing. CEO Dave Calhoun announced he will step down. But he’s financially tied up in the company for a long time to come.
United Airlines, meanwhile, is facing more oversight from the FAA, and Airbus is worried about a Boeing-style mess. Ever the colorful orator, Ryanair CEO Michael O’Leary, has something to say.
Check out those and more airlines news highlights.
Boeing CEO Dave Calhoun will step down, calling its 737 Max problems ‘a watershed moment’
Boeing CEO Dave Calhoun will step down from the aerospace giant by the end of 2024, the company said Monday, as Boeing navigates the fallout from a near-disastrous incident involving a 737 Max jet earlier this year and other safety issues it revealed.
Outgoing Boeing CEO Dave Calhoun has 51 million reasons to hope his successor turns things around
Dave Calhoun announced he was stepping down as Boeing’s CEO. He’ll stick around until the end of the year, but he’ll be invested in the company for years to come.
Read Boeing CEO Dave Calhoun’s resignation letter to employees
“As you all know, the Alaska Airlines Flight 1282 accident was a watershed moment for Boeing,” Calhoun wrote in a message to employees on Monday that the company shared. “We must continue to respond to this accident with humility and complete transparency. We also must inculcate a total commitment to safety and quality at every level of our company.”
Boeing might be headed for a ratings downgrade as the 2024 hits keep coming
After a turbulent few months at Boeing, the aircraft manufacturer is hitting another bump: Moody’s Ratings has put two of Boeing’s ratings on review for a downgrade.
Boeing CEO Dave Calhoun says a deal to acquire Spirit AeroSystems is still on even though he’s leaving
In an interview with CNBC on Monday, Calhoun gave an update about reported merger negotiations between Boeing and Spirit AeroSystems, the fuselage supplier behind the troubled 737 Max 9 plane that had a door plug blowout during a January flight by Alaska Airlines.
Ryanair’s CEO has some free advice for Boeing’s new leadership team
Ryanair’s CEO isn’t too concerned about who leads Boeing — as long as the beleaguered airplane maker’s problems get resolved. Fast.
Airbus is ‘obsessed’ with the fear of a Boeing-style mess on its hands
Airbus might be the best positioned company to benefit from the ongoing struggles at its American rival Boeing — but it’s still scared it could end up in the same boat.
United Airlines is facing more federal oversight after a series of safety issues
United Airlines has had a turbulent month, marked by at least 11 safety incidents in the U.S. Now, the U.S. Federal Aviation Administration (FAA) is ramping up oversight of the nation’s second-largest airline by revenue.