The Fort Worth Press - Boeing chief to acknowledge 'serious missteps' at US Senate hearing

USD -
AED 3.673029
AFN 71.633316
ALL 90.149914
AMD 390.65139
ANG 1.790208
AOA 916.000104
ARS 1074.9548
AUD 1.6668
AWG 1.8025
AZN 1.69968
BAM 1.785401
BBD 2.019937
BDT 121.550441
BGN 1.792165
BHD 0.376818
BIF 2925.5
BMD 1
BND 1.347806
BOB 6.928063
BRL 5.915104
BSD 1.000438
BTN 85.886692
BWP 14.071636
BYN 3.273951
BYR 19600
BZD 2.009521
CAD 1.422585
CDF 2871.000011
CHF 0.859295
CLF 0.025825
CLP 991.010005
CNY 7.308601
CNH 7.344135
COP 4392.25
CRC 507.659163
CUC 1
CUP 26.5
CVE 101.550232
CZK 23.111997
DJF 177.720206
DKK 6.83625
DOP 63.097584
DZD 133.419432
EGP 51.396199
ERN 15
ETB 129.697632
EUR 0.915585
FJD 2.34035
FKP 0.774458
GBP 0.78482
GEL 2.749668
GGP 0.774458
GHS 15.494982
GIP 0.774458
GMD 71.502706
GNF 8656.000206
GTQ 7.722082
GYD 209.932898
HKD 7.769085
HNL 25.749829
HRK 6.897301
HTG 130.908693
HUF 373.470027
IDR 16865.2
ILS 3.77915
IMP 0.774458
INR 86.02745
IQD 1310
IRR 42099.99952
ISK 132.680237
JEP 0.774458
JMD 157.77438
JOD 0.708897
JPY 147.831009
KES 129.502522
KGS 86.8327
KHR 3962.000004
KMF 450.497906
KPW 900
KRW 1469.498985
KWD 0.30794
KYD 0.833797
KZT 524.446798
LAK 21660.000112
LBP 90798.310473
LKR 297.977032
LRD 199.483762
LSL 18.769582
LTL 2.95274
LVL 0.60489
LYD 5.545023
MAD 9.527504
MDL 17.747936
MGA 4659.999888
MKD 56.362346
MMK 2099.820881
MNT 3508.612
MOP 8.006117
MRU 39.850421
MUR 45.150266
MVR 15.380604
MWK 1735.497857
MXN 20.69516
MYR 4.494956
MZN 63.909814
NAD 18.770051
NGN 1565.999871
NIO 36.775011
NOK 10.955875
NPR 137.416643
NZD 1.802885
OMR 0.385004
PAB 1.000424
PEN 3.668499
PGK 4.06275
PHP 57.32703
PKR 280.5682
PLN 3.93497
PYG 8008.763722
QAR 3.64102
RON 4.557104
RSD 107.285986
RUB 86.150395
RWF 1416
SAR 3.754735
SBD 8.316332
SCR 14.349205
SDG 600.501579
SEK 10.06065
SGD 1.351975
SHP 0.785843
SLE 22.749537
SLL 20969.501083
SOS 571.508254
SRD 36.66401
STD 20697.981008
SVC 8.75364
SYP 13001.844432
SZL 18.770323
THB 34.699881
TJS 10.870498
TMT 3.5
TND 3.040089
TOP 2.342101
TRY 38.0091
TTD 6.779955
TWD 32.996298
TZS 2691.722026
UAH 41.052646
UGX 3718.140656
UYU 42.138319
UZS 12940.000375
VES 73.26602
VND 25800
VUV 122.117563
WST 2.799576
XAF 598.823272
XAG 0.033247
XAU 0.000335
XCD 2.70255
XDR 0.744173
XOF 597.503721
XPF 108.300203
YER 245.649889
ZAR 19.563296
ZMK 9001.20046
ZMW 27.98795
ZWL 321.999592
  • RBGPF

    1.0200

    69.02

    +1.48%

  • JRI

    -0.7000

    11.26

    -6.22%

  • BCC

    -3.5500

    91.89

    -3.86%

  • BCE

    -0.6300

    22.08

    -2.85%

  • CMSC

    -0.1200

    22.17

    -0.54%

  • NGG

    -3.0300

    62.9

    -4.82%

  • SCS

    -0.3800

    10.2

    -3.73%

  • CMSD

    -0.3500

    22.48

    -1.56%

  • RIO

    -0.1100

    54.56

    -0.2%

  • GSK

    -1.6900

    34.84

    -4.85%

  • RELX

    -2.6300

    45.53

    -5.78%

  • AZN

    -2.6700

    65.79

    -4.06%

  • RYCEF

    -0.0200

    8.23

    -0.24%

  • VOD

    -0.1500

    8.35

    -1.8%

  • BTI

    -0.4300

    39.43

    -1.09%

  • BP

    -1.2100

    27.17

    -4.45%

Boeing chief to acknowledge 'serious missteps' at US Senate hearing
Boeing chief to acknowledge 'serious missteps' at US Senate hearing / Photo: © AFP

Boeing chief to acknowledge 'serious missteps' at US Senate hearing

The head of US aerospace giant Boeing will on Wednesday tell senators that the company has made "serious missteps in recent years" and commit to restoring consumer and investor confidence, according to an advance copy of his remarks.

Text size:

On the eve of the hearing before the Senate Commerce, Science and Transportation Committee, Kelly Ortberg sent a message to the company's 160,000 employees saying his testimony would be key "to restore trust" in the crisis-plagued manufacturer.

"Boeing has made serious missteps in recent years -- and it is unacceptable," Ortberg will say, according to the prepared remarks, which the company made public Tuesday.

Boeing has suffered for several years from production quality problems, with the latest major incident in January last year involving an Alaska Airlines 737 seeing a door plug fly off mid-flight.

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 took over in August, and will testify on Boeing's restructuring efforts.

"We have made sweeping changes to the people, processes, and overall structure of our company," he will say. "While there is still work ahead of us, these profound changes are underpinned by the deep commitment from all of us to the safety of our products and services."

In his message to employees, he said "we are starting to turn the corner in our recovery," although he added that turning the company around would take "time and action."

Ortberg will acknowledge two 737 MAX 8 crashes in October 2018 and March 2019, which killed a total of 346 people -- some of whose relatives are expected at the committee hearing on Wednesday.

He will offer a "pledge to make the necessary changes so this never happens again."

Boeing has acknowledged that the design of its MCAS stall protection software contributed to the accidents, which occurred on new aircraft shortly after takeoff.

Ortberg will testify that the aircraft manufacturer is implementing a new Safety Management System (SMS) that is "a framework built on proven aviation industry best practices, to proactively identify and manage safety risks that may impact our commercial and defense products."

F.Garcia--TFWP