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Boeing's terrible, horrible, no good, very bad year
- Boeing has had a difficult year due to several issues such as lawsuits, mechanical problems, a leadership shake-up, and layoffs.
- In January, Alaska Airlines lost a door plug midair while flying Boeing's 737 Max 9 planes, injuring several passengers and opening an FBI investigation.
- Boeing's shareholders filed a lawsuit in January, stating that the company had prioritized profit over safety.
- The FAA discovered 27 insufficient areas in Boeing's safety procedures in February, such as poor communication and confusing management structures.
- Boeing's CEO, Dan Calhoun, stepped down in March followed shortly by other executives, and Kelly Ortberg was named the company's new CEO.
- Boeing faced production problems with the CST-100 Starliner spaceship delaying the return of two astronauts and went on to cut 10% of its staff in October.
- Boeing encountered difficulties related to the production and certification of 777X planes, putting it five years behind schedule and causing a $1.5 billion loss.
- In January, the FAA announced that Boeing would not be granted any production expansions for the MAX planes, including the 737 MAX 9, following the loss of the door plug.
- Boeing has faced scrutiny from whistleblowers who reported safety concerns and has entered a $10 billion credit agreement with major banks to protect its liquidity.
- Despite facing several issues, Boeing agreed to pay $2.5 billion in 2021 in a deal with the federal government to avoid prosecution for two 737 Max crashes.
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