Boeing Shakes Up Leadership to Address Production Issues and Regain Customer Confidence
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Boeing is replacing its CEO, chair of the board, and head of commercial airplanes due to ongoing quality control issues stemming from the 737 Max crashes.
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The new chair of the board is an engineer, which could help address Boeing's engineering and manufacturing problems.
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Boeing's cash flow has suffered due to reduced production levels following the crashes. Ramping up production again is key to financial recovery.
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Boeing has little competition but needs to improve quality and production levels to regain customer trust and orders.
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Boeing's stock price has dropped 57% from all-time highs. It could be undervalued if Boeing solves its production issues, but risks remain.