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Aug 1, 2024
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the planemaker has appointed a new chief executive to succeed dave calhoun who's stepping down.elly ortberg, the former head of aerospace supplier rockwell collins, will take over next month as boeing struggles to overcome a series of challenges relating to its safety record and supply chains. the announcement came as boeing reported deepening losses in the second quarter of the year, making a net loss of $1.1; billion. aviation analyst mark martin weighed in on the new ceo appointment, and whether this marks a turning point for the troubled company. kelly ortberg comes over from rockwell collins. his perspective as a hard—core engineering guy helps a lot. what's important is rockwell collins was in a similar situation to what boeing is at the moment, about 20 years ago. and rockwell collins has turned itself around and come up with a new range of avionic products and aerospace competence. so we have a guy who has ticked the boxes with a lot of the issues for boeing at the moment that rockwell had 20 years ago. he is not a pretty good job at rockwell. he took a major chunk of th
the planemaker has appointed a new chief executive to succeed dave calhoun who's stepping down.elly ortberg, the former head of aerospace supplier rockwell collins, will take over next month as boeing struggles to overcome a series of challenges relating to its safety record and supply chains. the announcement came as boeing reported deepening losses in the second quarter of the year, making a net loss of $1.1; billion. aviation analyst mark martin weighed in on the new ceo appointment, and...
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Aug 8, 2024
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he's an engineer, which i think is important because dave calhoun was not an engineer, was a he was auy and accountant. now, that is important. boeing have had engineering ceos in the past who perhaps haven't done well, but i think for 0rtberg, he really has this sort of pedigree, running rockwell collins, bringing that company through two mergers with bigger companies, and then retiring. and i think, as i said, this is really his chance to come back and, and perhaps sort of really prove himself in the biggest job in aerospace. mohammed yunus has landed in bangladesh to start rebuilding the country after student protests led to a change of government. 0n the shop floor, the garment factories in bangladesh, which supply major western brands such as h&m, zara and carrefour, have reopened after days of shutdown. bangladesh is the third largest exporter of clothing in the world and the sector is crucial for its economy as it attempts to rebuild. here's archana shukla with more. it's the lifeline for the economy. the largest dollar earnerfor bangladesh. governments account for over 83% of
he's an engineer, which i think is important because dave calhoun was not an engineer, was a he was auy and accountant. now, that is important. boeing have had engineering ceos in the past who perhaps haven't done well, but i think for 0rtberg, he really has this sort of pedigree, running rockwell collins, bringing that company through two mergers with bigger companies, and then retiring. and i think, as i said, this is really his chance to come back and, and perhaps sort of really prove...
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Aug 8, 2024
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last month it was announced that aerospace executive kelly 0rtberg would today replace dave calhoun aschief executive. the company has faced a tumultuous few years that have included intense scrutiny of the safety of its 737 max jets and also saw the company plead guilty to defrauding the federal aviation administration. let's talk to murdo morrison, head of strategic contaent at flight global. the question many are asking themselves looking at this is you have got problems with the commercial side of the business, two currently stuck in space, weakness in the defence side of the business, doubting the company's finances. why doubting the company's finances. why do you think kelly 0rtberg felt he might want thisjob? do you think kelly 0rtberg felt he might want this job? he’s do you think kelly ortberg felt he might want this job?— do you think kelly 0rtberg felt he might want this job? might want this “ob? he's come out of retirement — might want this job? he's come out of retirement for _ might want this job? he's come out of retirement for this _ might want this job? he's come out o
last month it was announced that aerospace executive kelly 0rtberg would today replace dave calhoun aschief executive. the company has faced a tumultuous few years that have included intense scrutiny of the safety of its 737 max jets and also saw the company plead guilty to defrauding the federal aviation administration. let's talk to murdo morrison, head of strategic contaent at flight global. the question many are asking themselves looking at this is you have got problems with the commercial...
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Aug 1, 2024
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he succeeds dave calhoun, who's stepping down, as boeing struggles to overcome a series of challengesas boeing reported deepening losses in the second quarter of the year, making a net loss of $1.4 billion. the price of freight shipping has doubled in value since may, and some experts are warning that this will have a knock—on effect on consumer products. the world container index, which is published weekly by maritime consultancy drewry and measures the average price of shipping by sea, currently stands at $5,806 — the kind of figure not reached since the end of 2022. live now to stefan legge, economist, st gallen university. the cost of freight shipping has gone up significantly since may. in your opinion, why? economics teaches us that the price of any good or service goes up if the demand is increasing and/ or if supply is restricted and in the case of container shipping rate, we have actually inaudible record levels of demand falling, a restricted supply. the supply is restricted because of the situation in the red sea but also because of the panama canal, another important water
he succeeds dave calhoun, who's stepping down, as boeing struggles to overcome a series of challengesas boeing reported deepening losses in the second quarter of the year, making a net loss of $1.4 billion. the price of freight shipping has doubled in value since may, and some experts are warning that this will have a knock—on effect on consumer products. the world container index, which is published weekly by maritime consultancy drewry and measures the average price of shipping by sea,...
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Aug 8, 2024
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last month it was announced that aerospace executive kelly ortberg would today replace dave calhoun asing's chief executive. the company has faced a tumultuous few years that have included intense scrutiny of the safety of its 737 max jets and also saw the company plead guilty to defrauding the federal aviation administration. joining me now is sally gethin a global aviation and travel a nalyst. talk us through what is at stake here. we talk about this culture of the inner moment but just to put in perspective for you viewers, what a year it's been, with a door blowing off in alaska airlines plane in january and from then on, it's just been a disaster headline after disaster, hasn't it? absolutely. boeing has been blighted by a series of catastrophic errors with its aerospace business and particularly the boeing 737 max 9s which as you will remember was responsible for the loss of hundreds of lives back in 2018 and 2019. by literally, this instant with alaska airlines, blew the lid off let alone the door of the particular aircraft. it was a miracle that was no loss of life as has recen
last month it was announced that aerospace executive kelly ortberg would today replace dave calhoun asing's chief executive. the company has faced a tumultuous few years that have included intense scrutiny of the safety of its 737 max jets and also saw the company plead guilty to defrauding the federal aviation administration. joining me now is sally gethin a global aviation and travel a nalyst. talk us through what is at stake here. we talk about this culture of the inner moment but just to...
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Aug 21, 2024
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dave calhoun was quick to own the failure in a series of appearances. >> we're going to approach thisaccountable for what happened. an event like this simply must not happen. we own it. there's not... there's no other answer i can give you. ♪ ♪ >> narrator: the door plug was a production failure; mcas was a design flaw. but both raised questions about boeing's safety culture and the f.a.a.'s oversight. >> the shocking thing about the max is the, the sheer number of... of problems, design problems, manufacturing problems. >> narrator: joe jacobsen is now working with families of the victims of the 737 max crashes to bring other safety concerns to the f.a.a. >> and this is after, you know, the supposedly most comprehensive recertification in the history of aviation. >> i think what's most scary is that you have both kinds of accidents happened at the same company. that, to me, reveals a culture inside the company-- i mean, i know we keep coming back to this word "culture," but it's right at the root of what happened in both sets of accidents. >> narrator: in a statement, boeing said it
dave calhoun was quick to own the failure in a series of appearances. >> we're going to approach thisaccountable for what happened. an event like this simply must not happen. we own it. there's not... there's no other answer i can give you. ♪ ♪ >> narrator: the door plug was a production failure; mcas was a design flaw. but both raised questions about boeing's safety culture and the f.a.a.'s oversight. >> the shocking thing about the max is the, the sheer number of... of...
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ceo dave calhoun will step down and kelly ortberg will take over and this isn't the only investigation with this summer. last month, the company plead guilty to one charge of conspiracy to defraud the us for its role in two fatal 737 crashes and this is something the victims say that they've been easily let off the hook for. stu? stuart: kelly, thank you very much indeed. elon musk closing down the x offices in san francisco. all right, ashley. where is he relocating? ashley: yup. not out of state. at least not yet. the workers are being moved elsewhere in the a basis points including offices in palo alto and san jose. musk is previously promising to move the company's headquarters to texas in response to a california law that stopped teachers from forcibly outing the gender identity of students. x of course formerly twitter, has been headquartered in san francisco since its founding in 2006 but it hasn't been a smooth ride. the social media company reportedly missed rent payments and even tried to turn empty office spaces into temporary residences for traveling employees. last month,
ceo dave calhoun will step down and kelly ortberg will take over and this isn't the only investigation with this summer. last month, the company plead guilty to one charge of conspiracy to defraud the us for its role in two fatal 737 crashes and this is something the victims say that they've been easily let off the hook for. stu? stuart: kelly, thank you very much indeed. elon musk closing down the x offices in san francisco. all right, ashley. where is he relocating? ashley: yup. not out of...
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Aug 4, 2024
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calhoun, who stepped down recently amidst all that's happened, what do you know about robert ortberg? >> what is his reputation in the industry kelly ortberg. kelly ortberg. >> he's a great choice. i really is the challenge that he has. but i'm not sure anyone would have had this, but when he ran collins rockwell as a ceo, there, he was very involved in the engineering, very involved in the quality and the manufacturing. very good person for this position. however his position they're only had 22 billion in sales and 70,000 employees boeing is nearly three times that size. and so it's a different challenge and it goes into the good thing is he does have the military background as well as the commercial airspace background. so i don't think they could have found a better choice than this. i think he's the right person to make sure that the employees get what they want on their union contracts and that their production increases. >> all right. good to hear. it doesn't have he doesn't have the most enviable job, but we'll watch and see how he turned things around. if he does david souci
calhoun, who stepped down recently amidst all that's happened, what do you know about robert ortberg? >> what is his reputation in the industry kelly ortberg. kelly ortberg. >> he's a great choice. i really is the challenge that he has. but i'm not sure anyone would have had this, but when he ran collins rockwell as a ceo, there, he was very involved in the engineering, very involved in the quality and the manufacturing. very good person for this position. however his position...