Boeing CEO to step down amid safety crisis

Boeing says its CEO Dave Calhoun will resign by year-end, amid increased scrutiny of the US plane manufacturer following the Alaska Airlines 737 MAX 9 accident in January.

Boeing announced on Monday that its chief executive officer, who has run the company since 2020, will exit. The manufacturer also said the head of its commercial airplane unit will step down immediately.

The company has been working to restore confidence in its aircraft since the January accident, in which a panel blew off an Alaska Airlines fight mid-air.

Calhoun's departure was announced amid heightened scrutiny of Boeing's quality and safety standards. In a message to employees, he said the Alaska Airlines accident was a "watershed moment" for his company.

Boeing said it will start looking for Calhoun's successor. The company has been in a difficult financial position -- it has reported a full-year loss for 2023, its fifth consecutive year in the red.