Boeing's 90 days to hand in a safety plan to the FAA are up. Here's where things stand
Publishing timestamp: 2024-05-30 13:42:34
Summary
Boeing's departing CEO and top leaders met with FAA to present a safety plan following a near-catastrophic incident. FAA had given Boeing 90 days to come up with a quality improvement plan. Boeing outlined improvements in employee training, platforms for workers' concerns, and reduction of out-of-sequence work. FAA has not yet approved production increases for Boeing. The company expects to burn cash this year and has acknowledged that the 90-day plan won't immediately turn things around.
Sentiment: MIXED
Keywords: transportation, life, airlines, trade, united airlines holdings inc, travel, breaking news: politics, southwest airlines co, breaking news: business, breaking news: markets, markets, business news, politics, business, aerospace and defense industry, alaska air group inc, boeing co,
Source: https://www.cnbc.com/2024/05/30/boeing-faa-safety-plan.html