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Prioritising stock prices is behind Boeing's woes - aviation researcher

Author
Newstalk ZB,
Publish Date
Wed, 19 Jun 2024, 8:52am
Boeing CEO Dave Calhoun takes his seat to testify before the Senate Homeland Security and Governmental Affairs Subcommittee on Investigations to answer to lawmakers about troubles at the aircraft manufacturer since a panel blew out of a Boeing 737 Max during an Alaska Airlines flight in January. (AP Photo/Manuel Balce Ceneta)
Boeing CEO Dave Calhoun takes his seat to testify before the Senate Homeland Security and Governmental Affairs Subcommittee on Investigations to answer to lawmakers about troubles at the aircraft manufacturer since a panel blew out of a Boeing 737 Max during an Alaska Airlines flight in January. (AP Photo/Manuel Balce Ceneta)

Prioritising stock prices is behind Boeing's woes - aviation researcher

Author
Newstalk ZB,
Publish Date
Wed, 19 Jun 2024, 8:52am

Boeing's upper management is being singled out as the main reason for its continued problems. 

The aerospace manufacturer's CEO is being questioned in the US Senate over safety issues and allegations the company has faced this year. 

Ex-employees allege the company has been cutting corners, hiding evidence from regulators, and skipping safety inspections. 

Aviation researcher Boyd Group International President Mike Boyd told Mike Hosking that Boeing has stopped investing in its planes. 

He says the problem is the upper management is more worried about the stock price than managing the company. 

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