EconomyLens.com
No Result
View All Result
Wednesday, June 18, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Business

Boeing chief reports progress to Senate panel after ‘serious missteps’

Emma Reilly by Emma Reilly
April 2, 2025
in Business
Reading Time: 5 mins read
A A
5
35
SHARES
442
VIEWS
Share on FacebookShare on Twitter

Boeing has suffered for several years from production quality problems and labor issues. ©AFP

New York (AFP) – The head of Boeing acknowledged to lawmakers Wednesday that it made “serious missteps in recent years” while insisting the aviation giant has chalked up progress in winning back consumer and investor confidence. On the eve of this hearing before the Senate Commerce, Science and Transportation Committee, Boeing CEO Kelly Ortberg sent a message to the company’s 160,000 employees saying his testimony would be key to restoring trust in the crisis-plagued manufacturer.

Related

US approves Gilead’s twice-yearly injection to prevent HIV

Nippon, US Steel say they have completed partnership deal

Taiwan tests sea drones as China keeps up military pressure

Soft power: BTS fans rally behind Korean international adoptees

Fighter jets, refuelling aircraft, frigate: UK assets in Mideast

“Boeing made serious missteps in recent years, and it’s unacceptable,” Ortberg told the panel. But Ortberg, who was received cordially by the committee, said near the end of the two-hour hearing that the “progress we’ve made so far looks like we’re getting the results we want.” Boeing has suffered for several years from production quality problems, with the latest major incident coming in January of last year when an Alaska Airlines 737 saw a door part fly off in mid-flight. Prior to that, new Boeing 737 MAX planes were involved in fatal crashes in 2018 and 2019 that together claimed 346 lives.

In January, it reported a loss of $3.9 billion as the company continued to experience a hit from a more than seven-week labor strike that shuttered two major assembly plants. Ortberg, who took over in August, said the company had made “sweeping changes” since the Alaska Airlines incident, committing to a series of key performance indicators monitored closely by the Federal Aviation Administration. These include reducing by 50 percent the “traveled” work in factories, referring to work performed out of sequence, which can elevate the risk of mistakes.

Ortberg said the company had made progress on these pursuits, but there was more work to do. More employees are utilizing a “speak up” program designed to encourage workers to flag worries about safety, said Ortberg, while maintaining that some workers still don’t feel comfortable doing this. “We still have culture work to do,” Ortberg said. “But we are seeing an improvement.”

Ortberg told the panel that the company was still not publicly releasing financial or plane production delivery targets, making those issues secondary to the company’s commitment to safety. Several lawmakers expressed hopes that Ortberg could turn around the fortunes at Boeing, which has fallen far behind archrival Airbus in the last few years as safety concerns have mounted. The hearing lacked some of the sharp jabs aimed at Ortberg’s predecessors Dennis Muilenburg and Dave Calhoun following major safety problems. But Senator Ed Markey, a Massachusetts Democrat, pressed Ortberg on a decision not to include union representatives among company directors, telling the Boeing CEO that the board should be hearing from line workers “in every board meeting.”

© 2024 AFP

Tags: aviationBoeingsafety
Share14Tweet9Share2Pin3Send
Previous Post

US stocks end up, but volatility ahead after latest Trump tariffs

Next Post

Trump escalates trade war with sweeping global tariffs

Emma Reilly

Emma Reilly

Related Posts

Business

Struggling Gucci owner’s shares soar over new CEO reports

June 16, 2025
Business

France shuts Israeli weapons booths at Paris Air Show

June 16, 2025
Business

US Steel, Nippon partnership proceeds with security deal, ‘golden share’

June 16, 2025
Business

Renault boss Luca de Meo to step down, company says

June 16, 2025
Business

US Steel, Nippon partnership proceeds with security deal, ‘golden share’

June 14, 2025
Business

War, trade and Air India crash cast cloud over Paris Air Show

June 16, 2025
Next Post

Trump escalates trade war with sweeping global tariffs

US tariffs take aim everywhere, including uninhabited islands

US business groups voice dismay at Trump's new tariffs

Europe riled, but plans cool-headed response to Trump's tariffs

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
5 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Brazil says free of bird flu, will resume poultry exports

June 18, 2025

US Fed keeps interest rates unchanged in face of Trump criticism

June 18, 2025

Oil prices drop following Trump’s Iran comments, US stocks rise

June 18, 2025

Musk’s X sues to block New York social media transparency law

June 18, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.