CEOs face shareholders for first time since crashes

CHICAGO: Boeing chief executive Dennis Muilenburg will face shareholders yesterday for the first time since two fatal crashes that led to the 737 MAX’s grounding worldwide and triggered investigations, lawsuits and a sharp loss in share
value.
Battling the biggest crisis of his tenure, Muilenburg will try to bolster investor confidence in the manufacturer’s future as well as that of its fastest-selling aeroplane as
questions linger over the model’s safety.
Family and friends of 24-year-old American Samya Stumo, one of the victims of the crash of an Ethiopian Airlines 737 MAX on Mar 10, will hold a silent protest outside the meeting site.
That crash, which killed all 157 on board when it plunged to the ground shortly after takeoff, came five months after a similar Lion
Air nose-dive that killed all 189 passengers and crew. Muilenburg
will hold his first press conference since the grounding after the
general annual shareholder meeting in Chicago, scheduled for 10am EDT.
Boeing is under pressure to deliver a software fix and a new pilot training package that will convince global regulators, and the flying public, that the aircraft is safe to fly again.
The US Federal Aviation Administration could clear Boeing the 737 MAX jet to fly in late May or the first part of June, two people familiar with the matter said on Friday, though Boeing has yet to submit the updated software and training for review.
Some pilots have warned that draft training proposals do not go far enough to address their concerns. – Reuters