CHICAGO --- Boeing Co Chief Executive Dennis Muilenburg will face shareholders on Monday for the first time since two fatal crashes that led to the 737 MAX’s grounding worldwide and triggered investigations, lawsuits and a sharp loss in share value.
Battling the biggest crisis of his tenure, Muilenburg will try to bolster investor confidence in the manufacturer’s future as well as that of its fastest-selling airplane as questions linger over the model’s safety.
Family and friends of 24-year-old American Samya Stumo, one of the victims of the crash of an Ethiopian Airlines 737 MAX on March 10, will hold a silent protest outside the meeting site.
That crash, which killed all 157 on board when it plunged to the ground shortly after takeoff, came five months after a similar Lion Air nose-dive that killed all 189 passengers and crew.
Muilenburg will hold his first press conference since the grounding after the general annual shareholder meeting in Chicago, scheduled for 10.00 a.m. EDT (1400 GMT).
Boeing is under pressure to deliver a software fix and a new pilot training package that will convince global regulators, and the flying public, that the aircraft is safe to fly again. (end of excerpt)
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