New York
\nAs the US aerospace giant Boeing faces safety crises in its airplanes amid recent incidents including two crashes, the CEO Dave Calhoun decided Monday to leave his post by this year\u2019s end, according to a letter he wrote to the employees.
\nBoeing had been under immense pressure worldwide for repeated malfunctions on its planes. The issues led to the two aircraft crashes of the 737 Max in 2018 and 2019, leaving 364 passengers dead.
\nThe most recent one was when a door blew outside in an Alaska Airlines 737 Max in the early days of this year. The cumulative loss suffered by Boeing due to the malfunctioning topped $31 billion, reported CNN.
\n\u201cThe eyes of the world are on us,\u201d CEO Boeing said while mentioning his plans for leaving the post.
\n\u201cWe are going to fix what isn\u2019t working, and we are going to get our company back on the track towards recovery and stability.\u201d
\nIn the letter, Calhoun called the Alaska Airlines incident \u201ca watershed moment for Boeing.\u201d
\nDave Calhoun told CNBC Monday that it was 100% his decision to step down.
\nThe CEO had been under the spotlight by many critics who were observing the way the company was being run, including the concerns on safety and quality.<\/p>\n","protected":false},"excerpt":{"rendered":"
New York As the US aerospace giant Boeing faces safety crises in its airplanes amid recent incidents including two crashes, the CEO Dave Calhoun decided Monday to leave his post by this year\u2019s end, according to a letter he wrote to the employees. Boeing had been under immense pressure worldwide for repeated malfunctions on its …<\/p>\n","protected":false},"author":4,"featured_media":62538,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-62528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/62528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=62528"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/62528\/revisions"}],"predecessor-version":[{"id":62555,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/62528\/revisions\/62555"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/62538"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=62528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=62528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=62528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}