Stock Market News

Boeing, FAA hold three hours of talks on quality plan

2024.05.30 13:23

By David Shepardson

WASHINGTON (Reuters) -Boeing’s outgoing CEO Dave Calhoun and other senior company officials met with the head of the Federal Aviation Administration for about three hours on Thursday to discuss the planemaker’s comprehensive plan to address “systemic quality-control issues.”

Boeing (NYSE:) had been directed by FAA Administrator Mike Whitaker in late February to produce the plan after he barred Boeing from expanding 737 MAX production after a door panel blowout during a Jan. 5 flight on a new Alaska Airlines 737 MAX 9. Whitaker will talk about the meeting with reporters later today.

The meeting was Calhoun’s second high-profile meeting with Whitaker this year as Boeing seeks to have costly production limits lifted by the FAA after soaring quality concerns compelled the regulator to slow its rapidly increasing 737 production schedule.

Calhoun is due to leave the company by the end of the year as part of a broader management shake-up announced in the wake of the Alaska Airlines incident, but Boeing has not yet named a replacement.

The meeting included other senior Boeing leaders including Stephanie Pope, the new head of Boeing Commercial Airplanes as well as Boeing’s head of quality Elizabeth Lund and Mike Fleming, Boeing senior vice president and general manager, airplane programs, the sources said.

Boeing said this month it has added new training material for manufacturing and quality roles averaging about 20 to 50 more training hours per employee, while more than 7,000 new tools and equipment have been provided for commercial airplane work.

“We anticipate the FAA will take whatever time is necessary to review that plan and hold us accountable,” Calhoun said at Boeing’s annual meeting on May 17. “This is more of a beginning than it is an end.”

Whitaker said last week that Boeing faces a “long road” to address safety issues. He added the 90-day plan “is not the end of the process. It’s the beginning and it’s going to be a long road to get Boeing back to where they need to be making safe airplanes.”

The FAA said earlier Boeing must take steps to improve its Safety Management System (SMS) program, which it committed to in 2019 and combine it with a Quality Management System to “create a measurable, systemic shift in manufacturing quality control.”

Boeing is currently producing significantly fewer than the 38 737 MAXs per month it is permitted under the FAA directive.

A February meeting between Boeing executives and Whitaker lasted about seven hours.

© Reuters. A Boeing 737 MAX 7 aircraft piloted by Federal Aviation Administration (FAA) Chief Steve Dickson lands during an evaluation flight at Boeing Field in Seattle, Washington, U.S. September 30, 2020. REUTERS/Lindsey Wasson

Boeing faces a separate criminal investigation into the MAX 9 mid-air emergency. The Justice Department said this month that Boeing breached its obligations in a 2021 agreement shielding the planemaker from criminal prosecution over fatal 737 MAX crashes.

Boeing denied it has breached the deal. The Justice Department directed Boeing to respond by June 13 and intends to decide whether to prosecute Boeing by July 7.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 97,909.23 1.10%
ethereum
Ethereum (ETH) $ 3,424.05 4.05%
tether
Tether (USDT) $ 1.00 0.07%
solana
Solana (SOL) $ 255.49 0.32%
bnb
BNB (BNB) $ 653.68 4.46%
xrp
XRP (XRP) $ 1.48 1.58%
dogecoin
Dogecoin (DOGE) $ 0.428273 6.81%
usd-coin
USDC (USDC) $ 1.00 0.05%
cardano
Cardano (ADA) $ 1.06 8.20%
staked-ether
Lido Staked Ether (STETH) $ 3,424.06 4.00%
tron
TRON (TRX) $ 0.211981 4.02%
avalanche-2
Avalanche (AVAX) $ 41.71 2.32%
the-open-network
Toncoin (TON) $ 6.31 15.19%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 3.02%
stellar
Stellar (XLM) $ 0.495084 44.09%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,049.69 3.73%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,474.12 1.38%
polkadot
Polkadot (DOT) $ 8.60 34.33%
chainlink
Chainlink (LINK) $ 17.57 13.50%
bitcoin-cash
Bitcoin Cash (BCH) $ 504.23 2.92%
weth
WETH (WETH) $ 3,425.71 4.03%
sui
Sui (SUI) $ 3.43 1.08%
pepe
Pepe (PEPE) $ 0.000021 1.03%
leo-token
LEO Token (LEO) $ 8.63 1.32%
near
NEAR Protocol (NEAR) $ 6.16 7.33%
litecoin
Litecoin (LTC) $ 98.87 9.16%
aptos
Aptos (APT) $ 12.62 4.04%
uniswap
Uniswap (UNI) $ 10.73 14.16%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,601.74 3.78%
hedera-hashgraph
Hedera (HBAR) $ 0.151772 4.11%
crypto-com-chain
Cronos (CRO) $ 0.200595 5.77%
internet-computer
Internet Computer (ICP) $ 11.37 6.86%
usds
USDS (USDS) $ 1.00 0.82%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.574332 19.49%
ethereum-classic
Ethereum Classic (ETC) $ 29.77 6.32%
render-token
Render (RENDER) $ 7.74 5.96%
kaspa
Kaspa (KAS) $ 0.154459 2.18%
bittensor
Bittensor (TAO) $ 519.04 4.89%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.06%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.42 14.80%
bonk
Bonk (BONK) $ 0.000048 1.99%
arbitrum
Arbitrum (ARB) $ 0.87274 12.01%
whitebit
WhiteBIT Coin (WBT) $ 24.77 0.46%
dai
Dai (DAI) $ 1.00 0.04%
vechain
VeChain (VET) $ 0.041789 23.25%
mantra-dao
MANTRA (OM) $ 3.73 3.98%
filecoin
Filecoin (FIL) $ 5.52 14.43%
dogwifcoin
dogwifhat (WIF) $ 3.25 4.01%
cosmos
Cosmos Hub (ATOM) $ 8.26 12.58%
celestia
Celestia (TIA) $ 7.26 33.12%