Boeing CEO Calhoun: What happened should never happen, and can never happen (..but it did)

  • The jinxed Boeing 737 Max continues.
  • A "quality escape" allowed the unsafe 737 Max -9 plane to fly
  • This issue is specific to the 737 max 9. We don't do this on any other plane.
  • Was devastated and emotional when I first saw the images of the Alaska Air incident
  • Company is now in a moment where our job is to understand what happened
  • The certification of the Max 10 is unrelated and should not slow down that process
  • We will all be certain, that airplanes that fly will never have a safety issue like this again
  • We will not rush the process to get planes back in the air.
  • We will engineer answers and make certain it doew not happen again.

Boeing shares are trading higher by about $3.00 or 1.31% at $228.70. The high-price did reach $231.50 today. The low price extended to $226.26. The low price yesterday reached $223.14.

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