ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Boeing faces 'pivotal moment,' new airplane chief says

Boeing Commercial Airplanes CEO Stephanie Pope told staff in a letter this week that the company is facing a "pivotal moment" as it tries to rebuild its reputation.

Stephanie Pope, Boeing's newest airplane chief, told staff that the company faces a "pivotal moment" as it tries to ease concerns from regulators and rebuild its reputation following the 737 Max crisis. 

Pope was named CEO of Boeing Commercial Airplanes this week, replacing Stan Deal who spent four decades at the company. It was part of a larger overhaul of Boeing's management team that included CEO Dave Calhoun announcing his departure by year's end. 

"This is a pivotal moment for us, and we have serious work ahead to build trust and improve our operations," Pope, who previously served as the chief operating officer, said in a Wednesday letter to staff.

BOEING WHISTLEBLOWER'S FAMILY SPEAKS OUT FOR FIRST TIME SINCE HE WAS FOUND DEAD IN CAR

Pope said that she will be meeting with the team as they "enhance and implement its safety and quality improvement plan" over the next couple of weeks. 
 
"Our path forward is clear. We will put safety and quality above all else in order to meet and exceed the expectations of our regulators, customers, flying public and each other," she said. "And most importantly, we will actively listen to our team on the factory floor and respond to feedback and improve."

In a separate letter sent to employees on Monday, Calhoun said the Jan. 5 incident where a door plug blew off Alaska Airlines Flight 1282 at 16,000 feet "was a watershed moment for Boeing." 

The door panel appeared to be missing four key bolts, according to a preliminary report from the National Transportation Safety Board (NTSB) that was released in February. 

Since the incident, regulators have been putting pressure on Boeing to make "profound improvements" after quality issues were discovered in an audit of 737 Max manufacturing processes.

FLIERS TRYING TO AVOID BOEING PLANES, TURNING TO PRAYER AND ANTI-ANXIETY MEDS: REPORT

FAA Administrator Mike Whitaker, who took a recent trip to Boeing manufacturing facilities, said in an interview with "NBC Nightly News" that Boeing's "priorities have been on production and not on safety and quality."  

GET FOX BUSINESS ON THE GO BY CLICKING HERE

He gave the airplane manufacturer a 90-day deadline to develop a comprehensive action plan that would address "systemic quality-control issues" in February after a production audit of the Boeing 737 manufacturing processes and its supplier, Spirit AeroSystems, found multiple cases in which the companies allegedly failed to comply with manufacturing quality control requirements.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.