Boeing board to meet in Texas as scrutiny intensifies...

Mail Online | 10/19/2019 | Reuters
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Boeing Co's board of directors and top executives from its airplanes division and supply chain were due to meet on Sunday in San Antonio, Texas, two days after the U.S. planemaker was plunged into a fresh crisis over its banned 737 MAX jet.

The meeting comes as pressure mounts on the world's largest planemaker not only from investigations into the 737 MAX following two deadly crashes, but also from the financial burden caused by the jet's safety ban and continued high production.

Industry - Sources - Speculation - Company - Job

Several industry sources said there was speculation inside the company of significant job cuts as Boeing, unable to deliver 737 MAX planes to customers, continues to drain cash.

And although Boeing has so far told suppliers it expects to maintain a production rate of 42 single-aisles monthly with plans to increase to a record level next near, rates may have to come down if regulators further delay the MAX's return to service, the people said.

Schedule - Board - Meetings - Sunday - Monday

The schedule for the board's face-to-face meetings was set for Sunday and Monday in San Antonio, one of the people said, two days before Boeing reports earnings on October 23.

The week after, Boeing Chief Executive Officer Dennis Muilenburg - who was stripped of his job as board chairman...
(Excerpt) Read more at: Mail Online
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