According to The Wall Street Journal, the head of Boeing’s 737 MAX production facility will retire after spending less than a year in the position. This comes amidst two deadly 737 MAX crashes in the past year. In both crashes, everyone on the plane died.
Mark Jenks will replace Eric Lindblad as vice president of the 737 MAX-producing plant.
After the second crash, Boeing 737 MAXs were grounded worldwide. Boeing took a $1 billion production cut and may have to pay more compensation to airlines and families of the deceased. The free cash flow is expected to turn negative when second quarter earnings are reported.
Lindblad was not involved in the development of the planes, and only started his position at the production facility last August.
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