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Market Chatter: Boeing Emphasizes Mass Production Over Safety, FAA Chief Says
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Market Chatter: Boeing Emphasizes Mass Production Over Safety, FAA Chief Says
Mar 19, 2024 12:19 PM

03:00 PM EDT, 03/19/2024 (MT Newswires) -- Boeing ( BA ) culture is more inclined towards mass production over safety standards, the head of the Federal Aviation Administration told NBC News Tuesday.

Describing a series of incidents like the January door plug blowout on 737 Max jetliner as a production failure, FAA chief Michael Whitaker said Boeing ( BA ) had no other choice than to meet the 90-day deadline by the agency to outline a plan to improve the safety of its planes.

"They need to make safe airplanes or they will be capped at a production level that's not sustainable," Whitaker told the news outlet.

There was no reason the company couldn't make a good airplane, Whitaker said.

Boeing ( BA ) did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 180.84, Change: +1.00, Percent Change: +0.55

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