Can anyone get Boeing through this mess? He's going to try

As he steps into the CEO job on Monday, Calhoun is tasked with winning approval for the 737 Max to fly again, a first step in ending a 10-month crisis that has cost the company billions of dollars. He must also work to regain Boeing's reputation for safety and quality that was badly damaged by the plane's grounding in March following two crashes that killed 346 people.

It's not clear if this is a policy or just established practice at the company. Company officials would not comment on that question. But some outside observers don't think Calhoun will be one to buck that trend and continue in the role to age 66 and beyond. One employee described the jet as"designed by clowns, who in turn are supervised by monkeys." Two other employees agreed that they would not allow their family members to fly on the plane. Boeing's release of the documents included an apology to the FAA, Congress, airlines and their passengers.

"Probably the most important bridges to build right now are to regulators and the airlines. Those are the relationships which have been most wounded," said Epstein.The good news is that the company is large enough and financially healthy enough to survive the crisis. It had $10.9 billion in cash on the balance sheet as of Sept. 30, and a good enough credit rating to be able to raise additional funds in capital markets, if necessary.

And both companies have such a large backlog of orders for its jets that if an airline were to drop an order for the 737 Max and replace it with an order for an Airbus A320, it would have to wait years to get the planes it needs.It has been in the process of reaching deals with the airlines as compensation for the Max's grounding. It has already taken a $5 billion charge for those costs. When it reports financial results on Jan.

Calhoun stayed on the Boeing board, as well as a number of other corporate boards in the decade since, though since he was tapped as CEO he has been in the process of leaving his other positions.

It's indeed a tough job! I have family who work in Boeing as Boeing engineers and I can say that it's not an easy job as well.

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