After nearly two years of scrutiny, corporate upheaval, and a stand-off with global regulators, Boeing Co won approval from the US Federal Aviation Administration to fly its 737 Max jet again after two fatal disasters.
Boeing Co's ousted chief executive officer, Dennis Muilenburg, stands to receive US$62 million in long-term incentive, stock awards and pension benefits, but forfeited US$14.6 million and will receive no severance, the planemaker said in a regulatory filing on Friday.
American Airlines on Monday became the latest carrier to reach an agreement with Boeing on compensation to cover the financial losses connected to the 737 MAX grounding, which caused thousands of flights to be canceled.
The number of people killed in large commercial airplanes crashes fell by more than 50% in 2019 despite a high-profile Boeing 737 MAX crash in Ethiopia in March, a Dutch consulting firm said on Wednesday.
Boeing on Monday replaced its embattled chief executive, Dennis Muilenburg, as it attempts to pivot from a protracted crisis surrounding the grounding of its top-selling 737 MAX after two deadly crashes.
Boeing is reportedly considering either halting or cutting down the production of the grounded 737 Max aircraft after it failed to get approval last week for the plane's return to service from the Federal Aviation Administration (FAA) before the end of the year.
American Airlines' flight attendants union still has safety concerns about the Boeing 737 MAX and is demanding an active role in the re-launch of the grounded aircraft, its president told Boeing Co's chief executive in a letter.
United Airlines Holdings Inc said on Friday it is extending cancellations of Boeing 737 MAX flights until Jan. 6, as regulators continue to extensively review proposed software changes to the grounded plane.
US aircraft giant Boeing got a welcome vote of confidence in its beleaguered 737 MAX plane on Tuesday when International Airlines Group (IAG), owner of British Airways, said it wanted to buy 200 of the planes.
Boeing will tailor its compensation to airlines for the 737 MAX grounding around customer preference, and they could be paid back in services instead of cash, Chief Executive Dennis Muilenburg said on Wednesday.