Boeing CEO faces shareholders for first time since 737 MAX crashes

Boeing CEO Dennis Muilenburg speaks at the Boeing annual shareholders meeting in Chicago, Illinois, the US, April 29 2019. Picture: JIM YOUNG/AFP

Family and friends of 24-year-old American Samya Stumo, one of the victims of the crash of an Ethiopian Airlines 737 MAX on March 10, held a silent protest outside the meeting site. “We know we can break this link in the chain. It’s our responsibility to eliminate this risk,” Muilenburg said in prepared remarks issued ahead of the shareholder meeting.

Meanwhile, deliveries of the 737 MAX, which airlines around the world had been relying on to service a growing air travel industry for years to come, are on hold.Last week Boeing abandoned its 2019 financial outlook, halted share buybacks and said lowered production due to the 737 MAX grounding had cost it at least $1bn so far.

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