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Photo: Olivier Douliery/AFP via Getty Images

Boeing had more canceled orders than new purchases in 2019, following two deadly crashes and the grounding of the 737 MAX jet, CNBC reports.

Why it matters: It's the first time the company has posted negative orders in at least three decades, according to a spokesperson. The company lost a total of 87 orders for commercial airplanes, while its European competitor Airbus logged orders for 768 new planes, per CNBC.

The state of play: Boeing's board recently ousted its CEO Dennis Muilenburg, who managed to survive more than a year after the first 737 MAX crash. Muilenberg forfeited stock units worth about $14.6 million, but he will still leave the company with more than $60 million in compensation.

  • Muilenberg has been replaced by Dave Calhoun, who said in an email to all employees Monday that his primary focus is getting the 737 MAX back in the air, per CNBC.
  • However, the company is still facing a congressional investigation. Hundreds of pages of internal messages show employees mocked federal regulators and joked about potential software flaws in the 737 MAX prior to the deadly crashes, per the New York Times.

Go deeper: Boeing CEO Dennis Muilenburg is out

Go deeper

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: WHO: AstraZeneca vaccine must be evaluated on "more than a press release."
  2. Politics: McConnell temporarily halts in-person lunches for GOP caucus.
  3. Economy: Safety nets to disappear in DecemberAmazon hires 1,400 workers a day throughout pandemic.
  4. Education: U.S. public school enrollment drops as pandemic persists.
  5. Cities: Surge in cases forces San Francisco to impose curfew — Los Angeles County issues stay-at-home order, limits gatherings.
  6. Sports: NFL bans in-person team activities Monday, Tuesday due to COVID-19 surge — NBA announces new coronavirus protocols.
  7. World: London police arrest more than 150 during anti-lockdown protests — Thailand, Philippines sign deal with AstraZeneca for vaccine.

Tony Hsieh, longtime Zappos CEO, dies at 46

Tony Hsieh. Photo: FilmMagic/FilmMagic

Tony Hsieh, the longtime ex-chief executive of Zappos, died on Friday after being injured in a house fire, his lawyer told the Las Vegas Review-Journal. He was 46.

The big picture: Hsieh was known for his unique approach to management, and following the 2008 recession his ongoing investment and efforts to revitalize the downtown Las Vegas area.

Dan Primack, author of Pro Rata
15 hours ago - Economy & Business

The unicorn stampede is coming

Illustration: Annelise Capossela/Axios

Airbnb and DoorDash plan to go public in the next few weeks, capping off a very busy year for IPOs.

What's next: You ain't seen nothing yet.

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