Boeing Faces Intense Scrutiny and Financial Strain Over Production and Safety Concerns

The aerospace giant plans crucial meetings with major airline CEOs to address manufacturing issues, as the FAA imposes a production cap on the 737 Max.

Boeing Co. faces intense scrutiny and financial strain due to production problems and safety concerns, notably after a 737 Max 9 incident in January.
The company plans to meet with major airline CEOs to discuss manufacturing issues and strategies for improvement, excluding CEO Dave Calhoun from the meetings.
Boeing's CFO Brian West acknowledges the need for significant changes in safety and quality, projecting a substantial cash burn in Q1.
The FAA has imposed a production cap on the 737 Max, demanding Boeing address its safety culture and quality control issues.
Airlines express frustration over delayed deliveries and the impact on their operations, with some considering alternatives like Airbus.