27 Burst results for "Ceo Dave Calhoun"
"ceo dave calhoun" Discussed on KOMO
"Almost quarreling heat reports. It's the latest challenge to a Boeing company weakened by air disasters and cove in the Chinese build Co maxi 919 is a single, I'll play name that both Boeing and Airbus customers, according to video blogger Knave Geek aviation is the state of the art shots Hall across which could definitely pose a threat to the 737. Under every 20 series. Now the Puget Sound Business Journal reports. Canadian aerospace firm I T P S has won a contract to test fly the C 919 out of the airport in Ontario, Canada, the report suggests this modest introduction of the scene 919 into North America is intended as a shot across the bow to struggling Boeing. Last fall, Boeing CEO Dave Calhoun acknowledged the C 919 representative, quote, competitive threat. But he said, quote we're not afraid of it. Corwin HEADACHE Comeau News. An FDA advisory panel has recommended that Johnson and Johnson Corona virus vaccine be authorized for emergency use A BCS Aaron Carter ski has more after a daylong hearing. The FDA is Vaccine Advisory committee considered a single question. The benefits of the Jantzen Covert 19 vaccine outweigh its risk for youth and individuals, 18 years of age and older. The panel voted unanimously in the affirmative, relatively using call. It clearly gets way way over the bar, and it's not stab a single dose vaccine. Johnson and Johnson has four million doses ready to ship a soon as Monday. Aaron Carter SKI ABC NEWS New YORK New research shows that some Americans want more information about the cove in 19 vaccine research done by the ad Council hipsters shows that about 40% of Americans are undecided about getting the shot 60% of the overall population feel confident they have enough information to make a decision in black and Hispanic communities that number drops.
"ceo dave calhoun" Discussed on KOMO
"The latest challenge to a Boeing company weakened by air disasters and covered the Chinese build Co maxi 919 is a single aisle plane aimed at both Boeing and Airbus customers. According to video blogger Knave Geek Aviation is the state of the art shots Hall. Add Croft, which could definitely pose a threat to the some 37. The F 20 Syriza Now the Puget Sound Business Journal reports. Canadian aerospace firm I T P S has won a contract to test fly the C 919 out of the airport in Ontario, Canada. The report suggests this modest introduction of the C 919 into North America is intended as a shot across the bow to struggling Boeing Last fall, Boeing CEO Dave Calhoun acknowledged the C 919 representative, quote competitive threat. But he said, quote we're not afraid of it. Corwin Headache Co. Moh news time to get the latest Friday traffic conditions. Here's Marina Rock injure with air traffic on the floors from the Dubin Law Group Traffic Center. Well, we have on north down by five express lanes just north of Mercy wreck. Collision that still taking up the right lane. At one point, it was the right lane and the left lane Now, just the right lane in a minor back up there, South and I find pretty heavy from North Gate through Seattle to the convention center South found four or five is crowded in Bellevue. It's gonna be a slow go from Southeast eighth, often on over the Kennedale Hill and coming into renting. We're also hearing reports of police activity. Near the exit to the V Mac, so we don't have a lot of information on that. Just yet. North and 167 is bumper to bumper solid from 2 12 up to four or five to the South bound ramp because of an overturned semi We have slow down south and I five from Highway 18 through five and again across the Puyallup River eastbound highway 18 really starting to get difficulty now from peacefully Canyon Road to see Street and Auburn Westbound Highway 16. We've had some pothole repair going on approaching the Tacoma Narrows Bridge, and then it's slow across the bridge itself. Stevens passed still closed highway to your next Come on Traffic.
"ceo dave calhoun" Discussed on KOMO
"Warning of possible unrest in the coming weeks. Most, Patrick Quinn says the department issued a nationwide bulletin today warning about a rise in extremist activity standing for the presidential transition. But I did reach out to the Washington State Patrol and the FBI and our region and they don't have any details, credible known threats to anybody in our state. This bulletin went out to all 50 states may issued it based on a surgeon quote information they've gathered here in Washington. The national guards no longer surrounding the capital, but the fence is still up. Chris losses with State Patrol said they have heightened security contingency compared to their normal force. The reality is that we're now in a country in a situation where we just have to recognize that security is everybody's business is not just the sole domain of law enforcement. We're all gonna have to stay situation way where Homeland Security asked you to report suspicious activity or threats of violence, including Online posts to local law enforcement. Come. A police union is accusing city leaders of my letting due process play out in the case of a police officer who drove his SUV into several people. In a lengthy statement, the union defended the officer. Saying quote. He is a human and a dedicated public servant who reached too violent mob trying to harm him. Let the independent investigators gather their facts. We've reached out of the city for a response but have not heard back. Officer Khan Fan who was behind the wheel of the SUV is still on leave. Several people were injured in the collision Saturday. But all Are expected to recover a significant number of Washington state business owners say they don't know how they'll be able to afford rent this month. Combos Charlie Harder tells us about results from a new survey. Castro is the communications head for reliable, the small business networking company that conducted the study well across the country, 33% Of all small businesses were unable to pay their rent in full and on time in January, and in Washington state. It's a little bit worse. It's 34% Castle, says 62% of Washington. Gym owners say they can't pay January rant and 50% of restaurants and bars face the same issues. Gas hotels comb. Oh, business owners are hopeful there's another round of federal relief to help keep them afloat. Charlie Harder come on, involving post its fourth quarter results, and it all adds up to the biggest one year loss and company history, the company says. This is because of lower commercial deliveries and services. Blame due to covet 19 as well as 7 87 production issues. CEO Dave Calhoun says there won't be a quick recovery by solid progress on the vaccine front. The next 6 to 9 months will remain very challenging for airline customers in the entire industry. Overall, the company's lost nearly $12 billion in 2020. State lawmakers are looking to limit their job opportunities. B 51 70 would provide a cooling off period for lawmakers, elected officials and other state workers before they could be hired by a private lobbying firm. Hope is to reduce the influence Big money has on legislation. Robert Colton with the attorney general's office for we, as a state have not done what the federal government many other states and the city of Seattle have done. The cooling off period would be a minimum of one year, depending on the job. At a hearing this morning. No one testified against the bill. Jeff Pooja, Look come on news congressman privilege. I appalling other members of the progressive wing of the Democratic Party of introduced an outline for immigration reform. We believe what the resolution clearly lays out is that we should not criminalize people for seeking refuge in our country. Resolution is less legislation that it is a statement of principles, among them a transparent and fair immigration process. No pathway to citizenship for those who are already here in the Democratic leadership nor the Republican Party have commented on the resolution. Somebody's time. 7 40 from the Beacon Plumbing Sports desk Right now, In the second half, it is Colorado ahead of Washington State, 54 to 45. And right now, Bill Swartz says the Mariners are hopeful they're talented young pictures get some game action. Seattle has some of the top young pitchers in baseball. Unfortunately, covert 19 wiped out all of the minor league 2020 season. Former University of Georgia right hander Emerson Hancock still glean some valuable knowledge from veteran teammates find things that you know. Very successful guys were already in the big leagues and coming back down, just trying to pick their brain. And then just really having that realization of like this is what I want to do. This is kind of the people that I can learn from and kind of take things from them. But the move forward the Mariners plan to assemble in Peoria, mid February for spring camp and start Cactus League games, hopefully on the 27th. Funeral services held today in Atlanta for Hall of Famer Henry Aaron. Speakers included the former baseball commissioner Bud Sealing. The Seahawks reportedly have hired Shane Waldron as their next offensive play caller. He's been the L, a Rams passing game coordinator at the same time, the Hawks who waved offensive lineman Chad Wheeler, two days removed from his arrest on suspicion of felony assault, domestic violence. Team condemned Wheeler's alleged beating of his girlfriend and say thoughts and support are with the victim. Sports A 10 and 40 After the hour bills works Come on, is pet food bags air covered in pretty pictures of healthy food, But the highly processed pellets inside are far from it. Make the switch to the farmer's dog. It's real food,.
Boeing will pay $2.5 billion to settle charge over 737 Max crashes
"Charge of criminal conspiracy related it to 7 37 Max plane crashes, The company will pay $2.5 billion without pleading guilty. Here's NPR's David Schaper. Federal prosecutors say key Boeing employees to siege safety regulators about a new flight control system on the plane that investigators say played a major role in both deadly crashes. There's some really damning language in there about Sacrificing safety, you know for profit, basically Carl Tobias, his law professor at the University of Richmond, it did not find widespread fraudulent behavior in the company. But these two central employees did engage according to the government in very bad conduct. Prosecutors say the deception by those two Boeing employees quote impeded the government's ability to ensure the safety of the flying public. By singling out just the two employees. Critics say the Justice Department is letting blowing off the hook. I find this find to be inadequate, given the egregious nature of the defense organ Democrat Peter DeFazio chairs the House Transportation Committee, which found widespread evidence of management failures of Boeing. He calls the settlement to slap on the wrist and an insult to the 346 victims. 24 year old Samuel Rose Stew, Mo died in the Ethiopian Airlines crash in March of 2019. Her father is Michael Stew, Mo. This is the Boeing Protection Agreement. Studio points out that Boeing's criminal fine is just $243 million. Most of the breast almost $1.8 billion is compensation that Boeing has already agreed to pay airlines that purchased the 7 37 Max, There's nobody being held accountable. Personally. In a statement, Boeing CEO Dave Calhoun calls it a substantial settlement of a very serious matter that appropriately acknowledges how we fell short of our values and expectations. David Schaper NPR news
American Airlines to fly first Boeing 737 Max plane from Miami in nearly 2 years
"At Miami International Airport are boarding a 7 37 Max, take off. Four take off. It's an American Airlines jet that will go from M I a toe LaGuardia after two deadly crashes involving its state of the art plane across there's a Boeing 737. Max ate the same. Boeing reworked the Max and now is his CEO Dave Calhoun. I think we come out of here leaner, faster, smarter, better, most importantly, safe. But among families of the 346 people who died in the two crashes. Don't trust it. Elena Lopez Lewis and six other family members have written to the FAA asking that the max be Grounded again while acknowledging that I don't think that fake really cares about what we have to say, either Jim early in ABC News The
"ceo dave calhoun" Discussed on KTOK
"Fox news podcasts. Don Kam Former national security adviser Michael Flynn, speaking out for the first time since President Trump pardoned him last week, telling Lou Dobbs tonight on the Fox Business Network, his prosecution was clearly a setup where accountability lies. It lives in the previous administration. I mean, we all know that the truth has been out now. For, you know, Well over a year, Probably a year and a half. And they're spending extraordinary. What? Everybody now, you know, noses, exculpatory evidence. Flynn had blood guilty to lying to the FBI. A federal judge rebuffed his attempts to withdraw that play. The first flight of Boeing's revamped 7 37 Max jetliner took off Thursday New software and new training implemented after two deadly foreign crashes. I'm very proud of This difficult year because Everybody in the Boeing culture lifted their heads recognize. Difficulties that we were in, responded in the most constructive way I can imagine pulling President and CEO Dave Calhoun American Airlines flew the test without passengers, but plans a full service flight later in the month. Ah wildfire in Southern California's Silverado Canyon that started with a house fire Wednesday has now spread to more than 11 Square miles, virtually no containment. Is the season for scammers. Con artists are targeting your holiday shopping and shipping. Watch out for emails pretending to be FedEx, DHL and Amazon telling you to track your shipment. They rose 440% worldwide from October to November, according to Checkpoint Research. The best advice is to assume every shipping email or text is fake. And after the shipping scammers come the porch pirates. The average victim has had three packages stolen this year, costing them $175 that according to simplest, safe Lawrence immunity Fox News. Jack Callahan. This'd is Fox News. It's guys will slowly clear tonight in Oklahoma City. When the skies do clear we should drop on down around 26 27 for a low the winds of diminished from the West. Ah, Good Friday, Saturday and Sunday Stretch a little cold in the mornings. Lots of frost around but generally fairly light winds and a lot of sunshine 54 for Friday 54 for Saturday and about 52 on Sunday again, the lack of really strong winds. So that'll be nice. And all those evenings will be chilly. Those address for that with the dry air perhaps some sixties the middle of next week from the pole born Storm Center on Mike Morgan, Little Girls are.
"ceo dave calhoun" Discussed on KGO 810
"For it on the research, says Dr Anthony Fauci, about the U. K's fast approval of that company's covert vaccine. In all fairness to so many of my UK friends You know, they kind of ran around the corner of the of the marathon and joined this in the last mile E think that would be a good metaphor for it. Top US infectious disease official Talking to CBS News. The FDA is expected to okay five years vaccine for the US next week. Health officials say it'll be months before the vaccines widely available more than 2800 people died from Corona virus yesterday, a one day record, says Johns Hopkins University President Trump Loses another court fight this time in Wisconsin, where the state Supreme Court refuses to hear his election dispute case. President Trump was noncommittal when asked today if he still has confidence in his attorney general, William Barr asked me that In a number of weeks from now they should be looking at all of this fraud Bar told the AP this week. The Justice Department has not found evidence of widespread fraud that would overturn the election results. The president signal he's not satisfied with bars. Comment. They haven't looked very hard. Which is a disappointment, to be honest with you because it's massive fraud. Karen Travers ABC NEWS Washington long losing streak ends with the Boeing 7 37 Max cleared to fly again only in the U. S. For now. Boeing is picking up new orders for the plane, which has been grounded for almost two years after two deadly crashes. Boeing CEO Dave Calhoun at a signing ceremony, Irish airline Ryanair announcing it is ordering an additional 75 max aircraft. It is our desire to get to the other side of this and to be ready. When it comes and to win in the marketplace. But families of those who died in the two max crashes say they don't believe it's safe to fly A B C's Alex Stone, It's an update on Wall Street. You're listening to ABC News. Lee begin today's meditation with the few sipping exercises to remind us a little treat can go a long way. So pick up your McAfee.
"ceo dave calhoun" Discussed on NewsRadio KFBK
"KFBK. From ABC News on Chuck Stevenson. It was a rush job taking visors word for it on the research, says Dr Anthony Fauci, about the U. K's fast approval of that company's Coben. Vaccine, fairness to so many of my UK friends. You know, they kind of ran around the corner of the of the marathon enjoying this in the last mile. I think that would be a good metaphor for it. Top US infectious disease official Talking to CBS News The FDA is expected to okay fighters vaccine for the US next week. Health officials say it'll be months before the vaccines widely available more than 2800 people died from Corona virus yesterday, a one day record, says Johns Hopkins University President Trump Loses another court fight this time in Wisconsin, where the state Supreme Court refuses to hear his election dispute case. President Trump was noncommittal when asked today if he still has confidence in his attorney general, William Barr asked me that In a number of weeks from now they should be looking at all of this fraud Bar told the AP this week. The Justice Department has not found evidence of widespread fraud that would overturn the election results. The president signal he's not satisfied with bars. Comment. They haven't looked very hard. Which is a disappointment, to be honest with you because it's massive fraud. Karen Travers ABC NEWS Washington long losing streak ends with the Boeing 7 37 Max cleared to fly again only in the U. S. For now. Boeing is picking up new orders for the plane, which has been grounded for almost two years after two deadly crashes. Boeing CEO Dave Calhoun at a signing ceremony, Irish airline Ryanair announcing it is ordering an additional 75 max aircraft. It is our desire to get to the other side of this and to be ready. When it comes and to win in the marketplace. But families of those who died in the two max crashes say they don't believe it's safe to fly A B C's Alex Stone. It's an update on Wall Street. You're listening to ABC News from California's.
Seattle-Based Boeing Max Is Cleared to Fly as FAA Lifts Longest U.S. Grounding
"Boeing seven thirty-seven max has been grounded. Worldwide following two deadly crashes. The federal aviation administration on wednesday has approved for boeing's fixes on the airplane to clear the max to return to service. So if you're traveling out there now it's not going to happen right away but just think about in the next in the next year. The long delayed approved to mean that. The max is on track to fly passengers again in the united states. Before the year's end. I don't know if i if i want to be the first guy on that blaine after each plane and pilot meets requirements by the faa laid. Out in recent weeks boeing can resume jet deliveries and production of the renton ren thanh will begin to ramp up though very slowly since the first crash of the max two years ago has discovered the problems that has delayed this movement. Ceo dave calhoun in chicago in a statement says that lives had lost in two tragic accidents lessons. Learned from the max. Crashes have reshaped our company. The faa verdict says. That the jedis safe to fly. At least beginning. Of the end of the boeing crisis. For the max. But yet boeing grapples the logistics of getting more airplanes in the air the details because of the crashes tragedy surface. Over the past twenty months boeing reputation for engineers excellence has been shattered at the faa positions. The world as the arbitrator for for safety has seriously been undermined using flying the seven. Thirty seven max in the air. But they've made some changes they put a stick of gum on it. Put some duct tape over the things that said that the plane was what was it was an ultimate thing where it didn't didn't know how how close it was to the ground. Everything was off and all of a sudden you know planes crashing. So i guess boeing is going to let the seventh or actually the the. Faa's going to let the seven thirty-seven. Max a return to the
FAA enters 'final stages' of Boeing 737 Max review
"Aviation Administration tell Reuters the FAA will lift its 20 Monthlong grounding order on the max as early as November, 18th a week from tomorrow that would meet the expectations. Boeing CEO Dave Calhoun expressed last month that the troubled plane would return to service during the current fiscal fourth quarter were encouraged by the rigorous certification and validation flight conducted by the FAA. Transport Canada and the European Union Aviation Safety Agency. FAA Chief Steve Dixon personally conducted one of those test flights in September here in Seattle, after which he declared he liked what he saw. Dixon now tells Reuters he expects the certification process to be quote finished in the coming days. Corwin hey koe,
"ceo dave calhoun" Discussed on KOMO
"With Greg Herschel time. Manda Factor here. The top stories from the Coma 24 7 News Center, State Health Department is reporting 16 more deaths due to covert 19. In 527 new confirmed cases of the virus. Almost Brian Calvert reports. Our governor is putting pressure on our neighbor to mandate safety measures. Idaho has seen a new surgeon covert cases and hospitals just east of Spokane or so full covert victims are being sent to our state and Oregon. We will continue to help them in their hospitals, their losses. They're ours. We sure could use some help. Governor Inslee appears concerned because even though Idaho just step backwards from a phase for to a phase three reopening, there's no mandate to wear masks. They're like there are here but would initially actually consider closing the state line to prevent virus spread into the Spokane area. The interchange between the two states on a daily basis is so profound. Would be very difficult for people in so many different ways. Just yesterday, Oregon Governor Kate Brown expressed concerns with Idaho's lack of safety mandates and extended her state's pandemic state of emergency through the end of January. Brian Calvert. Come Oan you slowing, says it will cut thousands of additional jobs is that releases another devastating quarterly fiscal report this morning to get the details from comas? Corwin hate. Boeing's third quarter earnings report reveals a loss of $401 million Now, CNBC reports, Boeing is set to announce another staff cut. 11,000 jobs by the end of next year. That's in addition to about 16,000 job cuts announced earlier this year. No word yet on where those cuts might come. A statement from Boeing CEO Dave Calhoun says the global pandemic continued to add pressure to our business this quarter, he says the company is aligning to a new reality. That will leave it quote more resilient and more sustainable for the long term. Corwin Hey HQ CO Moh news. Come on. It's time 604, which traffic and weather every 10 minutes on the floors. Here's Kierra, Jordan. Well, we still don't have any big blocking crashes or stalls on our major highways. But North and I five will slow down as you're traveling through to coma City center, some lighter crowding approaching state route 5 16, and in the same story happens again around the sea tech area and then in Seattle, that communal be busy between Michigan and the convention Center. North found 167 will be slow and go from 5 12 into Pacific. Some hesitation approaching to 77th and then a minor slowdown again right at 405, then North found four or five That's now beginning to fill in more around sunset and in the North Puyallup area. We have been seeing this suspicious backup that's traveling North found on Meridian to this area just north of 36 Street East. Nothing reported in the area could possibly be some roadwork That's taking place our next Cuomo traffic up 6 14 are traffic this time is sponsored by Beacon, plumbing, heating and electrical called Beacon today and say $50 on all electrical work. Just call 1 800 freakin dead Stop Freaking call Beacon. Here's the forecast with meteorologist Kristen Clark waking up to a warmer morning cloud cover as we begin the day has kept low temperatures in the forties and fifties, almost a good 5 to.
Behind the Curtain With Aerospace CEOs: Dave Calhoun
"Tron. Let's start with you because you sat down with me with the new CEO of Boeing. Dave Calhoun What was your impression? And what was your takeaway from that talk? I thought that Calhoun was very forthcoming didn't didn't dodge any of the questions we had, and he gave a Franken forthright answers and pointed to. Pointed to. showed his awareness that that Boeing has some significant challenges that that need that. They need to overcome and those go beyond the challenges that the entire industry is facing in terms of the novel coronavirus pandemic, focusing on the Max specifically, which has been the topic. I have been most interested in the last year plus he called out to very specific areas that are one could argue or systemic. He focused on the need to to Reim- power I. Guess You could say Boeing's engineering function to make sure that the products they design and develop. Our first and foremost passing muster at the engineering level in that extends into system safety assessments, and the things that the Max is focused on and the other one is the pilot interface recognized very clearly that Boeing. Boeing absolutely missed it when it came to determining what pilots would do in certain situations again. The folks that know them. The Max accident histories know this all, too. Too well and he made, he said. We need to make certain that we that that never happens again and he. You know as our interview shows. He quoted and said that you know that's one thing. We don't think we're ever going to miss again. So those are two things that he pointed out voluntarily that he recognized really need to change. The I thought it was extremely forthcoming. One of my takeaways from the interview was that he said he's going to prioritize selling new airplanes that airlines need to park their older airplanes, and if that hurts their aftermarket business, so be it. That was certainly stood out to from a company that for you know? A couple of years have been hammering away about trying to get fifty billion dollars in an aftermarket revenues which are nowhere near, but certainly signaled a at least a little bit of a shift in priorities now. I think it's a recognition that Boeing is going to succeed by building the best possible airplanes that it can build on. No matter their role many on the air transport side it clearly recognized the long tail benefits of having a strong aftermarket business, and they're not going to get out of that aftermarket business, but you're absolutely right. The the fifty billion dollars in revenue for the Global Services Group driven primarily by commercial aviation is now a a little less important and making sure the products they get out the door are. Are Right when they get out the door. We've been so focused on the Max. It's easy to forget their last major new program. Seven eight seven also ran into a situation where it was grounded. No fatal accidents thank goodness, but really fundamental shortcomings in the developing a product, so calhoun recognizes that we need to get the products built right first, and then we'll worry about services and insularity income
Seattle-based Boeing plans 10% job reduction and jet production cutbacks after reporting loss
"Today Boeing announced that they will be cutting down their workforce by about ten to fifteen percent in the next month as production at the plants in in Renton and Everett and are all around the country are to far slower pace than the normal Boeing CEO Dave Calhoun gave the news during its quarterly earnings announcement for the company Boeing's earnings dropped by twenty six percent during the last quarter Calhoun claimed at the drop in earnings is due to a reduction in aircraft demand over the last several months the sharp reduction in demand for airplanes that we see out over the next several years won't support the size of the workforce we have today at this time we're taking action to reduce our workforce by approximately ten percent of our roughly a hundred and sixty thousand employees by end of this year through the combination of voluntary layoffs attrition and involuntary layoffs as necessary over seventy thousand Washingtonians are currently employed with Boeing and it's expected that as many as ten thousand of them could be let go Calhoun made the point that Boeing will have to downsize the entire operation in order to make up for the company's decline we will be a smaller company for a while we work hard to maintain the stability of our workforce avoiding Laos even though even through the suspension of mass production doubling the length of time we pay employees impacted by the cold induced shutdown of Puget Sound Charleston and other sites the company began offering voluntary layoff packages last week foreshadowing the big cuts that are going to be taken now Boeing officials are predicting that airline passengers will decline by as much as forty percent by the time twenty twenty is over one area of production that will take a particular hit over the next few years is Boeing seven eighty seven Dreamliner used primarily for international travel a production of the seven eighty seven will reduce from fourteen planes each month to ten planes each month for the next year and then down to seven planes per month in twenty twenty two years CEO Dave Calhoun on why a demand for the eight seven is is pretty strong our issue is in our assumptions and and we think we're right is that the international route structures are going to come back much slower than the domestic ones and as a result the eight seven suffers for that so production of all jets will be dropping including the seven seventy seven the seven seventy seven acts which will drop from five planes a month to three and then of course the big question how will the infamous seven thirty seven Max fair with the cutbacks a seven thirty seven Max jets of course have been grounded for over a year now and until the corona virus pandemic Boeing had continued manufacturing those planes Dave Calhoun claimed that the company hopes to slowly begin building the seven thirty seven Max again and gradually increasing until they are building thirty one of them each month before the jets were grounded in March twentieth nineteen Boeing was consistently producing forty two seven thirty seven Max's each month which they hope to reach again as the FAA gives them the go ahead to bring the jets back to service this all adds to the struggles the company's been facing for the entire year after those two seven thirty seven Max jets crashed leading to a loss of over six hundred and forty million dollars over the last year that's not to mention the companies facing criminal and civil investigations along with tons of lawsuits from family members who who died in those two
"ceo dave calhoun" Discussed on KIRO Radio 97.3 FM
"Is that a drug can block this virus found she says when compared to a placebo the drug shortened hospitalized patients recovery time from fifteen days to eleven days the data shows that run the city has a clear cut significant positive effect on she says the drug will become part of the standard of care for coronavirus Steven Portnoy a CBS news Washington with almost one million thirty four thousand confirmed cases of corona virus in the U. S. now and more than sixty thousand deaths president trump says he will not extend the federal government's social distancing guidelines that expire tomorrow will be fading out because now the governors are doing one of those governors Florida's Ron DeSantis has detailed plans to begin re opening his state on Monday he says restaurants and stores will be allowed to operate at twenty five percent capacity he's had a change of heart on entertainment I declined to go for movie theaters now I just think it's practically difficult to do the social distancing indoor environments I think or more likely for transmission Miami Dade Broward and Palm Beach counties are not included in the plan the airline industry has been decimated by the pandemic today Boeing announced it'll cut sixteen thousand jobs ten percent of its work force Boeing CEO Dave Calhoun telling CNBC that the world market is been stunned but it's retooling its model to meet demand the recovery with respect to passenger traffic that we have models is roughly three to five years before we get back to the environment that existed pre called Calhoun says that as long as airlines continue to retire old fleets there will still be room for growth bill rate cuts CBS news researchers at the university of Pennsylvania are hoping to sniff out corona virus using eight Labrador retrievers to try to detect an odor associated with the virus to screen people in airports businesses for hospitals to prevent future outbreaks the Dow closed up five hundred.
Boeing CEO says air travel recovery could take two to three years
"Looking live in efforts Boeing plant tonight CEO Dave Calhoun is warning it could be two or three years for the aerospace industry to return to pre pandemic levels the drop in travelers forced airlines to park twenty eight hundred jets and reconsider plans to buy new planes Kallen spoke at a virtual shareholders meeting today we could get more details on the company's plan to address production and the potential impact on jobs on Wednesday that's when Boeing releases first quarter
"ceo dave calhoun" Discussed on AP News
"Former U. N. ambassador Nikki Haley has resigned from the board of Boeing company over a possible bail out of the airline manufacturing giants because of the corona virus outbreak he we tendered her resignation in a letter to Boeing CEO Dave Calhoun and board chairman Larry Kellner dated March 16 this week Boeing said it was seeking $60000000000 in federal aid for itself and its supply chain as governor of South Carolina Haley opposed attempts by unions to represent workers at Boeing's north Charleston plant hi Mike Rossio
Nikki Haley resigns from Boeing board over airlines bailout
"Former U. N. ambassador Nikki Haley has resigned from the board of Boeing company over a possible bail out of the airline manufacturing giants because of the corona virus outbreak he we tendered her resignation in a letter to Boeing CEO Dave Calhoun and board chairman Larry Kellner dated March sixteenth this week Boeing said it was seeking sixty billion dollars in federal aid for itself and its supply chain as governor of South Carolina Haley opposed attempts by unions to represent workers at Boeing's north Charleston plant hi Mike Rossio
"ceo dave calhoun" Discussed on KGO 810
"One of ours alone the whole time that would be a while it's bad enough meanwhile you saw that bunch of flights by the way worldwide are being interrupted by this corona virus so you can't we can't to stores in the sky with at least acknowledge out without acknowledging yeah that for example and in the UAE United Arab Emirates apparently that's one of the most critical aviation hubs I wasn't really aware of that I didn't realize you E. was so critical I didn't either but they say they're gonna suspend all travel to and from Iran because authorities there say that the death toll is now fifteen and in Iran an opposition lawmaker there and the deputy health minister both tested positive for the virus while now show there but all kinds of as I say travel restrictions and as a result yeah the numbers in Italy keep going up to yeah they had a hundred and fifty yesterday I don't know what it is today but United Airlines has sent a notice to its flight attendants regarding the Dreamliner that's the big plane the Boeing seven eighty seven Dreamliner and their windows are yeah this is cool I had no idea this technology existed until reading this article the staff has been reminded her not centrally locked the electronically dimmable windows mmhm E. D. W. is what they're called that right okay yeah the W. man everything's an acronym mmhm the Chicago that would be technically an abbreviation of surgery at a redistricting goal based carrier wants its passengers to be able to allow as much light in as that you want now what the flight attendants want so they don't want the flight attendants to centrally decide how much life should be in the cabin that should be an individual passenger provocative that is so cool so as as a passenger you get a window seat and you press a button and you can damage to how ever did you want to see it it's pretty cool I've been on a couple of leads and how dare to go yeah I would I didn't know it took kind of to your point is I didn't know they could be centrally done like that that makes total sense that they could right but but I didn't realize that you know they can press a button up there and all of the windows go damn yeah now it makes sense for safety purposes because when passenger jets are taking off or landing they like the passengers to have a view outside did just to get you know get used to not only the light but if there's an emergency today to set out to assess what side of the plane is safe too oh wait I didn't know that yeah that's that's really interesting the Boeing CEO Dave Calhoun yeah I mean let's face it being the Boeing CEO is not a great gig right now you've got a my you got a plan that many say which is not airworthy right in the M. in those Max jets yeah but he if he can turn the company around and they have a lot of issues his compensation package is substantial I mean it's even more than those barred people are getting in over late Monday Boeing spelled out the details of a seven million dollar bonus back Calhoun could receive in addition to his regular salary right seven million dollars more seven million dollars more if he's able to get the seven three seven Max safely back in the air now how does that make you feel as a passenger right I mean well honestly Brett's making a great point he's incentivized in essence to say Hey everything's great let's get those funds back send me my check my mom wants a new place at Lake Tahoe I need to get I need to get the down payment going but by the same token you hope that it makes sense that you would compensate an executive based on certain incentive programs built in but it is weird when you see it sort of nakedly out there like that yeah I mean I don't know yet should you incentivize the the safety of passengers no of course of course but I mean you know they incentivize profits are concerts and that's what they do I mean you got it you know it's not like well the companies you know the company is in the in the red but the couple have employees are so happy that's not what we're paying you for we're paying you for to increase the bottom line that's why you know executives come in a day and a slash in and make the changes they have to but it's I just wanna quickly said that's not the only issue on his plate you know they have to get this triple seven acts to fly and deliveries of that jet you know Boeing is a huge I should mention whenever we talk about Boeing defense contractor so we talk about passenger jets in relation to Boeing but they sell tremendous amounts in defense related weaponry and other hardware Boeing has is close to a joint venture with Embraer and they have to hit certain targets in that joint venture so he's got a lot of things in his compensation package but the big one is to get those seven thirty seven Max is back up in the air and it'll get that to seven million dollars yeah I mean just to look when you're talking about the size of Boeing and and how prominent it is as a company it represents about one percent of the GDP go there you go yeah very well put I know we're late I know all right because the next on KGO Johnson show on KGO eight ten.
"ceo dave calhoun" Discussed on Newsradio 1200 WOAI
"Money in the world of business at Cory's live at the Bloomberg news desk big losses on Wall Street yesterday charity the Dow down more than a thousand points but some investors see buying opportunities today Dow futures up one fourteen S. and P. futures are up fourteen points in stock to monitor down ten year treasury yield is one point three six percent oil is up seven cents fifty one forty nine a barrel Boeing's CEO Dave Calhoun can get a seven million dollar bonus but several things have to happen for example the seven thirty seven Max has to return to service but we must achieve the first human flight of the starliner spacecraft and it has to fix problems with the KC forty six tanker among other things looks like Walmart is taken on CBS and Amazon with low price health clinics at setting up the retailer hasn't said how many it's going to build but it looks like these health centers or one of its top initiatives right now the Dow futures up one hundred and fourteen points live with the Bloomberg business report I made Korea news radio twelve hundred W. O. eight I think said for more news listen to the daily dive the big news stories explained it not shouted listen to the daily dive each day on the I heart radio app or wherever you get your favorite podcasts now traffic and weather together from the W. away I traffic center very good news cleared that website accident eastbound one fifty one of four tents where it's going but now traffic's gonna recover had the exit ramp ATA huddling close for quite some time so its move and it's just moving slow.
Reset at Boeing
"Hello and welcome to this week's check six podcast. I'm Joanne. SOMO aviation weeks editor editor in chief. And this week we're talking. About all things Boeing joining us from. Washington is aviation week senior business editor. Michael Bruno who's here to talk about Boeings dismal earnings report and its first annual loss since nineteen ninety-seven due to the Max crisis and joining us from Los Angeles is senior. Your Guy Norris. Who's going to talk about Boeing's anime pullback and what its next move might be guy also has some good news to discuss? The first flight of Boeing triple all seven X so Michael. Let's talk with you. That earnings report yesterday was pretty ugly. It was in fact. It was the ugliest in a generation if a few assume a generation is about a twenty year long span People really hadn't seen this much reading from Boeing since one thousand nine hundred ninety seven and as you said in the setup this was the first annual loss that Boeing has reported since the time that President Clinton was in office and so people knew it was going to be bad. Nobody quite knew how bad. And we might get into this a little bit. But just some figures to to throw out to to show where Boeing actually came in at the end of twenty nine thousand nine hundred They reported a net loss of six hundred and thirty six million dollars dollars compared to earnings of ten billion dollars last year which were a record in and of themselves for the hundred three year old company company and then on the revenue side Boeing reported about seventy six billion dollars in revenue. which you might think is kind of amazing that all things is considered with the Max ebay companies still raked in seventy six billion dollars and that is kind of amazing but they were supposed to rake can about one hundred and ten billion that was their original forecast for last year? And it's certainly also below the one point something being billion that. They raked in the year before in regards to revenue. So there's no good way to look at it but analysts weren't surprised as I said Said but there were a couple of other things that they were surprised and we can get into that when we talk more about the Max okay and one of the things that also came out. Michael is that the potential attentional cost of the maximum. Boeing is up to eighteen billion dollars more than eighteen billion dollars so one of the big things everybody nobody was watching for yesterday during the teleconference with new CEO. Dave Calhoun was to figure out. Exactly how much more Boeing in was going to have to set aside to pay for the Max in many different ways and what I mean by that. Is We already know that Boeing up. Until until yesterday Boeing had set aside five point six billion dollars last year as part of a kitty of money a little treasury three of money that they had set aside that they said that's what it's going to be worth to compensate airlines and lessors and all of the customers of the Max so that was five point six billion originally. Yesterday they added two point six billion more to that at the same time as everybody might remember the way that at Boeing accounts for the seven three seven is through what's called in accounting block basis. This isn't a year in year out. Money spent money made kind kind of accounting. It's looking at the total development of the seven three seven through a large swath of aircraft. And in this case it's over a roughly three thousand one hundred aircraft accounting block and originally up until yesterday Boeing had said that they were going to add three point six billion dollars dollars in cost to that accounting basis. Well then yesterday morning they added another two point six billion and so already there. You know you've got five point. A two billion being added but wait there's more Boeing introduced a new charge that they said we'll be incurred starting starting this year and it could be worth up to about four billion dollars or at least four billion dollars initially. And that's what it's GONNA cost to pay for the Max halt the production halt. That's going on as well as any support to suppliers and any other costs that are incurred from the fact that production action. I got ramp down to forty two last year. Now has been halted altogether in January. So you put that all together and it comes out to at least eighteen billion dollars and that stuck out to me for one. Big reason which is eighteen billion dollars is probably on the high end of what people had thought might might have been the cost of developing the enemy. The new mid-size aircraft Boeing went ahead and spent that money. But they don't have a new aircraft. They're trying they get the Max back in the air.
"ceo dave calhoun" Discussed on KOMO
"The top stories from the come all twenty four seven news center the newly appointed CEO for Boeing David Calhoun told investors today the company's top priority is returning the seven thirty seven Max to service safely as come was prime Calvert reports the comments come after Boeing released its worst earnings report in more than two decades Boeing says for all of twenty nineteen it lost six hundred thirty six million dollars by comparison in twenty eighteen the company made nearly ten and a half billion both the company and analysts blamed the loss on the obvious the grounding of the seven thirty seven MAX fleet after two deadly crashes I am truly and deeply sorry for your loss I will repeat this many many times in the years ahead new Boeing CEO Dave Calhoun also pledged complete transparency in this morning's conference call as well as his justification for ordering production on the seven thirty seven Max to come to a stop we believe this decision is the least disruptive to maintaining long term production system of supply chain health according to the company the seven thirty seven MAX saga has costed over eighteen billion dollars so far Brian Calvert komo news those traveling through seatac airport seems supportive of the new screening in place for all passengers arriving from China the centers for disease control and prevention ordered the enhanced attention as the number of people infected with the coronavirus continues to grow direct flights from the epicenter of the outbreak the Wuhan province still not allowed to any airport in the northwest we caught up with joy who flew here from Canada and asked if the virus has a rethinking her travel plans now because I'm when I get home I'm gonna do subclans local health officials still waiting for test results on for people suspected of having the virus among them a student at the university of Washington two other students who would travel to will on over the holidays have been tested their results came back negative and concerns over the spread of grown virus have many people buying special surgical masks to protect themselves but John Frederick with the snow much health district says that's not necessary we're really only recommending that if people are sick and going to a clinic that they may want to wear a mask in that event and that's really to stop transmission of disease to anyone else this gnomish health districts as a surgical mask will not protect you from airborne droplets however it will protect you from the spray from a sneeze or a cough some health officials suggest and ninety five type masks which are thicker and could give you better protection coming up clin Kelly Blair Bellevue police put a quick end to a statewide crime spree involving three teen girls first a tool for come all traffic update with marina rocking chair in the Portland area there was a collision eastbound five twelve just east of highway seven Pacific Avenue that's why it stop and go traffic from steel street the tiger mountain a it looks like west on highway eighteen right at the summit there's a disabled vehicle taking up the right lane we have a pretty significant back up now south on I five three Seattle from the district and southbound four oh five crowded ability from southeast dates to new castle your next come much traffic at two fourteen now the eco roof forecast here's come a meteorologist Kristen Clark scattered showers for the afternoon evening commute the rain becoming much lighter by tonight in.
"ceo dave calhoun" Discussed on Squawk Pod
"Flight delays to food safety. SMART LOVES PROBLEMS IBM. Let's put smart to work visit. IBM DOT com slash. SMART to learn more. This is squawk Jackpot. Here's becky cling to Boeing reported fourth-quarter results just a short time ago. Aerospace giant lost two dollars and thirty three cents a share in the quarter and it posted its I annual loss and more than two decades. The cost of the seven thirty seven Mex- grounding is now closing in on nineteen billion dollars and the stock of course has been pretty volatile since those results came out immediately dropping but then rebounding let's get to our very own Philibeaux. He is standing by in Chicago with Boeing. CEO Dave Calhoun Phil. Thank thank you becky Dave. I'm glad we could join you just minutes after you guys report Q.. Four numbers. We're not gonNA hash over all the numbers but I do want to ask you about the seven three seven Max charges. You're taking a number of them and a future costs. Being counted in the totals now eighteen point six billion. Are you pretty confident. That's the last of the big charges is or. Are you being a little conservative here. I'm as confident as a CEO can be. Let's not talk about the specific buckets. The charges the most important thing underlying it do we believe we can meet the certification time. Line that under underlies all of that and answers. Yes As we as we look at that schedule and as I listened to the FAA and all the constituencies who have an interest in all of this including the training in dimension associated with it. We put together a schedule. We think we can make not easily. It requires a lot of execution. It requires a lot of discourse horsa lot of back and forth with the FAA and the certification process. But we think we've been realistic about that as we laid out this timetable and we can't do anything more than then that you know already. I'm sure you've heard that some people are saying look they're saying mid year we're already hearing some fairly encouraging comments from the head of the FAA as well as those who are involved in the process and some people are already saying. Look I think he's the new. CEO He sandbagging. He's throwing out a date later this year. And we can see the Max back in service sooner under than that do you. What do you do hear that? No of course not you can't San Sandbag in a situation like this. I have answered to our employees. I have to listen to our employees. I simply simply have to give them the time they need to do. The natural discourse that occurs in a big complex certification process. And that's what we've provided for nothing more nothing nothing less so I believe we can do it and the only comment I have to make and it will always make. I do not and will not control this timeline. So mid year is what we believe we can do I I am. I'm I appreciate the comments. That came from Steve On the other hand if he changes those comments in a month we change our schedule. Real simple as that Steve Dixon who you're talking about the head of the FAA. We'll talk more about that in a bit but the one question that has come up over the last three weeks. You've heard the suggestion from people that look they're not gonna get the Max back. Just scrap it all together and the quest the fundamentals of this program have been questioned I know from our conversations conversations that bothers you because you believe in this airplane. So why do you believe why should people have confidence in the Mac because we didn't believe that we were gonNA field an airplane. That was safer safer than the safest demonstrated airplane. That's out there today. We wouldn't do it. That's what the FAA wants. That's what Boeing wants. It is a fundamentally sound. Sound airplane the scrutiny. It is getting now. That tests are exhaustive documentation is clear trading recommendations are as as robust as they could possibly be if I didn't believe in all of that process if our people on the ground didn't I believe it. I wouldn't be sitting here in front of you today with a schedule. That lot. Like we've laid out Steve. EDVARD Hosie a longtime veteran of this industry chairman of Early Score. WHO has said look? You know I'm not sure that this plane should remain the 737 Max. The name should be dropped completely. You've called that idea silly silly. Why my way out of this right? So the I love Steve. I was with him a couple of days ago. And he's right in the sense that The Max has a has something attached to it today but again we believe this airplanes safer than the safest airplane flying today. Every next airplane has has to be that way it has to be that way for Boeing. It has to be that way for our competitors so What we call it trying to Relabel it? Try and of merchandise that no this plane will recover where the flying public when airplane pilots. Step on it fly it like it and by the way based on all the test flights we've had to date which are which are many they do so as as all those pilots return so we'll passengers joke. You've got the question here for Dave so dave recently. There's another software glitch. It was spotted in there seemed to be two schools of thought on more pilot violet. Involvement or more automated systems for for commercial airliners and I think President Wade in you know nobody flies anymore. It Boeing seemed to double down on going to more automated systems. I is that still the current thinking that you wanna move further and further away from the pilot having As much influence on on a flight of the plane. Yeah that's A. That's a very complex subject and it's very important one and I would suggest asked with respect to every next new airplane. Post the the re certification of this airplane that decision and the guidance and the regular and the regulations nations that come out of the FAA are going to have to answer that question it is. It's sort of clear to me that more automation will be required as we move forward forward to prevent situations like this. That occurred But I'm not completely sold on that. There is a big school that believes more flying time. More experience is in the best interest of the flying public. So I'm not going to try. I'm not going to answer that question to decisively. I think I know which direction it's going. But we're going to have to work very closely with global regulators. Take to answer it before. The next airplane is developed. Hey Dave I'm not sure I ah understood the answer. I realize you can't answer all of it right now but it sounded to me like you're leaning towards more automation because of what happened in this situation but argued the automation is what caused this. To begin with. It could have been pilot problems on top of that but it was the the the MK system that started the whole thing. Yeah I don't. I'm not sure I agree with that conclusion. Becky and I don't want to answer the big question about how much pilots should fly alive or not on the basis of the experience. In those instances in those instances we wish was different and it didn't add to the complexity to for that boundary condition. That caused the problem so we wish that hadn't happened. And the and the changes that we've made to the flight control system now and being certified today today would would not have created that instance so I don't want to infer it was automation that caused those instances. I I think. In those cases we didn't get it right and a boundary condition that some inexperienced pilots had to deal with. That's a Boeing problem and a very specific and discrete problem Dave To the extent investors and analysts are GONNA be watching you today looking through these numbers listening to this interview and saying effectively. We do. I trust this guy. Do I trust the numbers. He's putting out not that. The numbers are inaccurate. Put the confidence that he has or doesn't have in when things are going going to happen or not going to happen. My question to you is what thinks changed for you. What were the lessons Since frankly we saw you on our air back in November And you had confidence in your predecessor And in the expectations of when this plane was going to get back in the air. Andrew Hitter. Listen it's a great question. It's a question that hits me head on every time I'm with any audience internal or external you The media might they can start customers. Our employees they'll judge me every step of the way here. I'm not going.
"ceo dave calhoun" Discussed on KOMO
"Seven good afternoon it is twelve thirty one I'm Kelly Bleier with the top local stories from the come on twenty four seven news center the new Boeing triple seven took off from paying field this morning after running into weather problems during the last couple of days the plane was poster make its maiden flight on Friday but was delayed by heavy rain and gusty winds Boeing says the new airplane is a significant leap forward in technology and as a composite fiber wing as opposed to the traditional aluminum one plane overall is much larger and lighter in a statement to come all the FAA says its leaders are pleased with the progress Boeing has made recently on the seven thirty seven Max but the agency says it has set no timeframe for completion of certification work on the aircraft C. N. B. C. reporter Phil lebeau says Boeing's relationship with the FAA seems to be improving under new CEO Dave Calhoun let's not get ahead of ourselves and say that we'll see this plane certified let's say by may or June or July but they're seeing progress and that's a big change in the tenor Intel on from the FAA compared to a couple of months ago Reuters reports FAA administrator Steve Dixon called Boeing's projection of mid twenty twenty return to service in his word it's very conservative the youngest of the eight people who were shot earlier this week in downtown Seattle was able to leave harbor view for home last night como Suzanne von is more from the hospital due to his family and some Jehovah witness congregation friends were visiting Seattle from port orchard they were walking back to the ferry terminal Wednesday when they were caught in the crossfire X. ratio that Judas femur was shattered she just family was grateful that his two hour surgery went so well that he could leave the hospital a day later the family is happy has his progress there understand we still is still emotional components from what what transpired with the Grateful Dead things are are working now you just.
"ceo dave calhoun" Discussed on KIRO Radio 97.3 FM
"Again Boeing CEO Dave Calhoun on the seven thirty seven Max still grounded after two deadly crashes and not expected to be cleared by the FAA to fly again until may twenty twenty Calhoun brushed off suggestions at the Max would need to be renamed to re branded to reassure the public hearing straight out change with a new name would be sort of silly insisting that the certification process this time it will have been the most thorough process I've ever been through we are going to have to make sure that the world understands that at that's on us knowing in the F. A. A. have been accused of rushing the original certification process for the Max and putting profits over safety the same company that allowed thousands of Atlantic salmon to escape into Puget Sound has just been granted a five year permit to farm steel head in Puget Sound on non native Atlantic salmon compete and threaten local fish CL times reports cook aquaculture was granted the permit only after it agreed to farm native still had western Washington health officials are reaching out to at least sixteen people who had close contact with the stylish county man who became ill with corona virus after visiting China as for the patient here's to last properly fears and won't distract Dr J. cook with Providence Medical Center in Everett he says the man is recovering and should be able to go home soon opening arguments from house Democrats got under way today in the Senate impeachment trial the here you you here today kicking off up to twenty four hours of arguments to be spread over three successive days Democrat Adam Schiff said the Senate must remove Mr trump from office before voters have their say the president's misconduct cannot be decided at the ballot box for we cannot be assured that the vote will be fairly one earlier before departing Davos Switzerland where he attended the World Economic Forum the presidents of the Democrats have no case there is nothing here Stephen Portnoy's CBS news the White House he was part of the renowned comedy troupe Monty Python spam sausage and spam very Jones appeared in the Monty Python TV show in the seventies and in films like Monty Python and the holy grail and the life of Brian Jones has died at the age of seventy seven let's go to Cairo radio real time traffic history see dealer that.
"ceo dave calhoun" Discussed on KOMO
"Not perform elective procedures require plaid we've never done that we have never in our history down that one in six Americans will need blood in their lifetime and you just never know when that time will come so this is why Bailey says it's so important to give now bowling hosted earnings call with investors later this month almost Charlie harder tells us analysts expect some huge losses in Max's being grounded for more than ten months and eats truly unclear when it will be recertified as it stood in July the company had losses of over five billion dollars bank of America analyst say it's possible the company could be down twenty billion before the plane is cleared to fly again CNBC reporter Lesley Joseph says Boeing may release the news before is required to at the end of the month looking for and some of the report and maybe even before earnings on the twenty ninth this will be the first earnings report under new CEO Dave Calhoun stock was down more than two percent in Friday trading Charlie harder colonial laws you problems been discovered with Boeing seven thirty seven MAX jets they could keep the planes grounded even longer sources tell ABC news there's now an issue with the flight computer software when the computers are turned on they aren't communicating as they should this is a separate problem from the flight control system that caused two deadly crashes one was six all of the computer problems before the first test flights can be scheduled all next jets of already been grounded for ten months a representative MacShane who's accused as mastic terrorism spoke to a crowd of supporters in Olympia.
"ceo dave calhoun" Discussed on KOMO
"Not perform the lack of procedures that require blind we've never done that we've never history down that one in six Americans will need blood in their lifetime and you just never know when that time will come so this is why Bailey says it's so important to give now Boeing posted earnings call with investors later this month couples Charlie harder tells us analysts expect some huge losses in Max's being grounded for more than ten months and it's truly unclear when it will be recertified as it stood in July the company had losses of over five billion dollars make America and say it's possible the company could be down twenty billion before the plane is cleared to fly again CNBC reporter Lesley Joseph says Boeing may release the news before is required to at the end of the month looking for and someone has to be reported maybe even before earnings on the twenty ninth this will be the first earnings report under new CEO Dave Calhoun stock was down more than two percent in Friday trading Charlie harder come on in new problems been discovered with Boeing seven thirty seven MAX jets that could keep the planes grounded even longer sources tell ABC news there's now an issue with the flight computer software when the computers are turned on they aren't communicating as they should this is a separate problem from the flight control system that caused two deadly crashes mon must fix all of the computer problems before the first test flights can be scheduled all next jets of already been grounded for ten months a representative match J. who's accused of domestic terrorism spoke to a crowd of supporters in Olympia.
Boeing chief fired but 737 concerns persist
"Questions continue to swirl around bowing a day after it was announced CEO Dennis Mullen Berkeley depart the company ABC's trapper alt with more moment Berg leaves his post is nearly four hundred brand new seven thirty seven MAX jets sit on the ground with the assembly line about to be shut down two crashes one in Indonesia and another in Ethiopia killed nearly three hundred fifty people and led to the grounding of the aircraft Boeing develop software fixes in announced it would start delivering jets again this month but that anger the FAA the agency's new administrator saying his workers shouldn't feel pressure I want you to take the time you need and focus solely on safety I've got your back Boeing's new CEO Dave Calhoun doesn't officially start for three weeks but he's already been on the phone phone with with the the FAA FAA had had in in multiple multiple airlines airlines trying trying to to reset reset relationships relationships though though some some travelers travelers are are skeptical skeptical it it takes takes a a lot lot to to rebuild rebuild that that faith faith once it's been crushed and mowing did a bad job in that on several levels as he stepped away from the job Dennis Miller bird could be looking at a pretty hefty payday impossible severance package worth nearly forty million dollars Boeing tells ABC the company is focused on transition not