Boeing names new CEO as it posts a loss of more than $1.4 billion in second quarter

Category: Business

Boeing reported a loss of over $1.4 billion in Q2, with revenue down 15% year-over-year. Robert 'Kelly' Ortberg will replace David Calhoun as CEO amid ongoing challenges, including fraud allegations and supply-chain issues. The company is also seeking regulatory approval for new aircraft models and considering the design of a new single-aisle plane.

Keywords: Boeing, CEO change, financial loss

Source: Yahoo Finance

Update At: 7/31/2024

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