Boeing (BA) on Tuesday named Stan Deal CEO of Boeing’s Commercial Airplanes division, succeeding Kevin McAllister as president, and appointed Ted Colbert as the new CEO of Boeing Global Services to succeed Deal, effective immediately.
The news comes amid increasing backlash after the release of internal messages from as far back as 2016 suggesting Boeing employees may have misled the FAA about safety issues with the 737 Max 8 which led to two deadly crashes, killing 346 people.
The transcripts of instant messages between Boeing pilot Mark Forkner and a colleague show he unwittingly misled safety regulators about the flight-control system on the since-grounded jet.
CBS travel editor Peter Greenberg joined Yahoo Finance to discuss the scandal and what’s next for the aerospace giant.
“You’ve got a DOT investigation. You have numerous lawsuits. Look at the lawsuit from the Southwest Airlines' pilots claiming that the FAA and Boeing made them fly planes with data and considered in their allegations to be unairworthy. Those are serious — those are serious charges,” Greenberg said.
In addition, Boeing CEO Dennis Muilenburg is scheduled to testify at the House of Representatives next week.
Greenberg said he is certain problems surrounding the Max will be resolved.
“Well, first and foremost, in fairness, the 737 Max is going to fly again, and it's going to be a safe plane. They're going to fix that flight-management system, no doubt about it,” he said.
He’s also certain there will be more housecleaning at Boeing.
“If Muilenburg still has a job in 2020, I’ll fly the 737 Max,” Greenberg said.
Here are the numbers for Bloomberg’s Boeing estimates compared to Boeing’s third quarter results:
Revenue: $19.65 billion expected vs. $20 billion actual
Adj. earnings per share: $2.17 expected vs. $1.45 actual
Ralph Rezza is a production assistant at Yahoo Finance. Follow him on Twitter at @rrezza2
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