Boeing CEO to Face Shareholders Amid New Controversy
For the first time since two deadly crashes of his company’s 737 MAX jet, Dennis Muilenburg will attempt to soothe investors’ concerns during an annual meeting in Chicago today. He’ll also hold his first press conference since the grounding of the embattled airplane, which has cost Boeing around $1 billion. Meanwhile, Southwest Airlines revealed it wasn’t told that a malfunction warning light linked to the crashes had been disabled in the newest 737 Max planes.
How are Boeing’s numbers? Since the Ethiopian Airlines crash last month, company shares have lost nearly 10 percent of their value.