Boeing Co has fired Chief Executive Dennis Muilenburg after repeatedly failing to contain the fallout from a pair of fatal crashes that halted output of its best-selling jetliner and tarnished its reputation with airlines and regulators.
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This, the Company said on Wednesday, was as a result of the global grounding of 737 MAX airplanes
The company, which made this known in a statement, said that the money “represents the initial expenditure of a 100 million dollar pledge by Boeing to address family and community needs of those affected by the accidents”.
Boeing Co (BA.N) on Wednesday said it would dedicate half of a $100 million fund it created to address two deadly crashes of its 737 MAX planes to financial relief for the families of those killed.
The Federal Aviation Administration has been meeting major airlines and convened a joint review with aviation regulators from other countries
Dennis Muilenburg, Chairman, President and CEO, Boeing Company, says the company will complete the software update of the Maneuvering Characteristics Augmentation System in 737 Max aircraft.
Boeing Chief Executive, Dennis Muilenburg, is attempting to win back the public’s trust after the US plane manufacturer’s 737 MAX model was involved in two crashes within five months that left no survivors.