Boeing Fires It's CEO Over 737 Crisis - Viral Bake

Boeing Fires It’s CEO Over 737 Crisis

Popular aircraft manufacturer Boeing has fired it’s Chief Executive Officer (CEO) Dennis Muilenburg over the 737 aircraft crisis. Boeing has taken the step after Muilenburg failed 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.

Chairman David Calhoun, who is on Boeing’s Board of Directors and is a former General Electric executive would now take over as the CEO. Boeing’s shares have dropped more than 20% over the past nine months, following the crisis.

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The 737 MAX has been grounded since March after two crashes in Indonesia and Ethiopia killed 346 people within 5 months.

Read more at India Today

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