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Boeing faces reckoning in 737 Max crisis

New York (CNN Business)Two years ago, Boeing was on top. Its stock was up 40% over the previous year. It was one of the hottest stocks around. The outlook for sales and profit was bright. And the company was about to start delivering its new 737 Max jet.Boeing's 737 MAX problemsEthiopian Airlines CEO: Pilot had 'flight control problems'Boeing's stock continues steep slideAirlines ground Boeing 737 MAX 8Why grounding 737 MAX jets is a big deal for BoeingCEO Dennis Muilenberg was addressing Wall Street on a conference call on April 26, 2017. He boasted about how quickly the company had brought the 737 Max to market — and praised the Federal Aviation Administration's "streamlined" certification process. He attributed that to the pro-business ...
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