Boeing HQ
Today’s key stories about Boeing revolve around the impacts that Boeing delays are having on industry participants. Â Other stories focus on the search for a new CEO, and Boeing’s credit rating falling to near junk level. Â In addition, it was revealed that the Alaska Airlines computer outage last week was related to an airline (non-Boeing) software glitch that incorrectly computed weight and balance, resulting in two tail strikes before operations were halted for a morning.
Links to today’s key stories follow:
- Report: Two Alaska Airlines Boeing 737 tail strikes caused by a software glitch –Â AirLive
- Boeing’s CEO search hits a roadblock – Fortune
- As more Boeing whistleblowers go public, FAA AIR21 is weak – Forbes
- Student protests have Washington U in hot seat over its ties to Boeing – Riverfront Times
- Boeing credit outlook gets gloomier as Fitch also turns negative – BNN Bloomberg
- American Airlines changes transatlantic flights amid new 787 delivery delays – Aviation A2Z
- Southwest to exit four airports, facing financial weakness and Boeing problems – WSJ
- Southwest Airlines is in trouble –Â Newsweek
- Southwest and Boeing: The cost of loyalty – AirInsight
- Boeing must improve safety and quality control before increasing 737 MAX production: Buttigieg – NTD
Other interesting stories focused on student protests over Boeing being a defense contractor for Israel over the conflict in Palestine, and how regulatory support for whistleblowers has fallen short.
The Bottom Line
Boeing’s problems are catching up with the company, with the root cause traceable to managing to shareholder value. Â Please see our story today regarding why Boeing’s new CEO needs to be an outsider, rather than someone steeped in the Boeing culture. Â A change agent is needed, and Dave Calhoun’s preference for an internal candidate is misguided. Â Calhoun has been a part of the problem for a decade and a half, as a Board member and later CEO, and is a believer in managing to shareholder value. Â That is the cultural trait that needs to be fully excised at Boeing, something an insider would have a difficult time accomplishing.
