Boeing

Boeing CEO says company is in talks to reimburse airlines after 737 MAX grounding

Boeing CEO Dennis Muilenburg. Photo: Jim Young/Pool/Getty Images

Boeing CEO Dennis Muilenburg said the aircraft maker is having "ongoing conversations" with its airline customers about possible reimbursements following the grounding of its 737 MAX during an interview with Axios' Mike Allen at the Aspen Ideas Festival on Wednesday.

The big picture: The 737 MAX was grounded worldwide after crashes in Indonesia and Ethiopia killed 346 people, highlighting concerns about its automated MCAS software system — which pushes a plane's nose down if a stall is detected and played a suspected role in both incidents — and the FAA certification and pilot training surrounding it.

Boeing CEO: Handling of 737 MAX warning light was a "mistake"

Boeing Chief Executive Dennis Muilenburg
Boeing Chief Executive Dennis Muilenburg. Photo: Jim Young-Pool/Getty Images

Boeing CEO Dennis Muilenburg acknowledged on Sunday that the company made a "mistake" in its handling of a cockpit warning problem before a pair of 737 MAX jets killed 346 people in Ethiopia and Indonesia, the AP reports.

Driving the news: Muilenburg told reporters in Paris that Boeing failed to adequately inform regulators and airlines about a problem with the jet’s alert system that was meant to warn pilots if false readings were being fed into an autopilot function suspected of causing both crashes. He said the handling of that warning "was not consistent" and "unacceptable," as promised “transparency” as Boeing tries to get the model back in the air.