Boeing’s leaders have charted a path to restore safety and manufacturing flaws.
Plans include better oversight, improved safety and manufacturing processes. More robust worker training and get back a key supplier, Spirit AeroSystems.
Experts say that a number of decisions stretching back decades led to the problems created.
2 fatal crashes of 737 Max 8 happened in 2018 and 2019 due to flight-control system flaw.
Also a door plug blew out of a 737 Max 9 but nobody was hurt.
The company must convince Wall Street, shareholders, regulators and the public that the problem will be fixed. The shares of the company were tumbled by 30% in 2018.
The problem began when the company’s administration pushed for lower costs and also outsourced production of key parts to suppliers. Additionally, in 2005 the company sold its division producing fuselages to a private company. These moves caused production flaws that eventually cost billions and bad reputation.
[Source: www.cnbc.com]
