Oct 22, 2019

Boeing exec exits as 737 MAX crisis continues

Kevin McAllister. Photo: Ben Stansall/AFP/Getty Images.

Boeing executive Kevin McAllister, who served as the company's commercial airplanes CEO and president, is leaving amid an ongoing crisis with the manufacturer's 737 MAX jets, the New York Times reports.

The big picture: McAllister has been under fire for his handling of the division and his leadership during attempts to fix the automated system at least partially responsible for 2 crashes. The 737s have been grounded since March, costing the company at least $8 billion to date, the Times notes.

The aircrafts' return to the skies has also been delayed multiple times.

Driving the news: McAllister's departure comes just days after 2016 text messages were made public, showing a pilot may have voiced concerns about an "egregious" issue with the system.

Boeing has argued the company had no evidence the system was faulty until the crashes.

Go deeper: What we've learned from the Boeing 737 MAX crashes

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Southwest Airlines' Boeing 737 MAX aircraft. Photo: Mario Tama/Getty Images

Jon Weaks, the president of Southwest Airlines' pilot union, on Wednesday accused Boeing of pressuring regulators to fast-track the ungrounding of the 737 MAX aircraft in a memo to the union's members.

"Boeing will never, and should not ever, be given the benefit of the doubt again. The combination of arrogance, ignorance, and greed should and will haunt Boeing for eternity."

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Boeing's revenue and profits plunge in Q3 as 737 MAX remains grounded

Workers inspect a Boeing 737 MAX aircraft on Oct. 20. Photo: Gary He/Getty Images

Boeing reported Wednesday that its third-quarter revenue fell 21% from a year earlier to $20 billion, and profits fell 51% to $1.17 billion, according to the Washington Post.

Why it matters: The company's sales have slowed as it waits for regulators to approve proposed software fixes for the 737 MAX, which is a mandatory step before the jet can return to service.

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Boeing settles four lawsuits in the wake of 737 MAX crashes

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Boeing settled four lawsuits with a Seattle law firm on Friday that's representing families of passengers who died when the Lion Air flight crashed in Ethiopia in Oct. 2018, AP reports.

Why it matters: Boeing has taken heat over how it responded in the aftermath of the two crashes that collectively killed 346 passengers. In early November, lawmakers grilled CEO Dennis Muilenburg over how much he was paid following the crashes.

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