Boeing CEO to Announce Return of 737 MAX to Shareholders

Dennis Muilenburg is used to leading drowsy annual meetings as CEO of Boeing Co., taking advantage of the glow of a rise in the price of shares.

This year, the CEO of the aerospace giant must be ready for an interrogation of investors and journalists. Outside the Chicago meeting, protesters should reprimand the company for a security crisis that has hit the world's best-selling aircraft by the world's largest aircraft manufacturer.

Before the 737 Max 8's Ethiopian Airlines it crashed shortly after takeoff on March 10, the Boeing of Muilenburg had dominated the Dow Jones Industrial Average, with a well-known strategy for its ability to limit risk and return money to investors. Boeing is still behind Microsoft Corp. in terms of share gains of Dow's 30 members since Muilenburg took office in July 2015.

The questions could be refined after a report of four calls to a hotline from the Federal Aviation Administration's launchers the day after the accident in Ethiopia. Calls, reported CNN On Saturday, they came from former and former Boeing employees concerned about the sensor that measures the angle of the aircraft when it flies.

At least one complaint claims that the wiring of the pallet was damaged by a "foreign object", CNN reported. A defective Max sensor was cited in a preliminary report on the accident by Ethiopian researchers.

Boeing did not contact Southwest Airlines Co., When the airline started flying 737 Max aircraft in 2017, it had deactivated a standard safety function, said the Wall Street Journal on Sunday, citing unidentified people familiar with the subject. After the fall, in October 2018, of a 737 Max operated by the Indonesian Air Lion, Southwest asked Boeing to reactivate the warnings on the aircraft of its fleet and officials of the FAA level Intermediate briefly discussed the possibility of immobilizing the aircraft. Max from Southwest, the Journal reported.

The company has suspended the repurchase of sharesLeaders strive to maintain Boeing's reputation and public confidence in the company's 737 program, the company's main source of profit. In addition to facing the shareholders, The executive director will also hold his first press conference since the accident. Outside, a group representing relatives and friends of the victims is planning a silent protest against "the faults and secrets of the 737 Max."

Last week, Muilenburg described to investors Boeing's plan to contain the financial consequences of a 737 overall capital badet. What's coming next is an even harder task: to convince regulators around the world that it's safe to fly in this plane.

(By Julie Johnsson, Bloomberg)