April 21, 2021, (c) Leeham News: Boeing announceed April 20 that the Board extended CEO David Calhoun’s mandatory retirement age from 65 to 70. Calhoun was 64 on April 18 and had one year to accomplish everything that needs to be done.
Now, with six years, he can finish structuring Boeing and presumably launch a new airplane program.
Also announced on April 20 is that Greg Smith, the chief financial officer and EVP of strategy and other things, will retire July 9. Smith was named CFO in 2011. Some thought he might be in line to become CEO once Calhoun stepped down at age 65.
Richard Aboulafia of The Teal Group is LNA’s guest on this episode of 10 Minutes About to discuss these developments.
Feb. 23, 2021, © Leeham News: Last week, Boeing announced that two members of the Board—Arthur Collins and Susan Schwab—will retire at the end of their terms in April. No replacements have been named yet.
Earlier, Ambassador Nikki Haley resigned over policy differences related to the COVID crisis CARES act. Haley was not replaced. More recently Caroline Kennedy resigned from the Board. She was replaced by the former CEO of the accounting firm KMPG.
Boeing’s 12-member Board is heavy on representatives of the defense and finance industries. It has ex- politicians, pharmaceutical and communications members. But other than Lawrence Kellner, who is from the airline industry, there is nobody representing commercial aviation manufacturing, design, engineering or production.
LNA’s podcast today takes a look at these facts and Boeing’s Board of Directors.
These are the alternative suggested by environmentalists and industry to reduce carbon emissions by the airlines.
Which makes sense? Which is practical? Today’s 10 Minutes About considers these factors.
Feb. 3, 2021, © Leeham News: The Airbus A330neo is technically a good airplane. But sales never took off. There are only 331 orders for the airplane and easily more than 100 are iffy. Airbus publicly said there was potential for 1,000 orders when it launched the program. Why hasn’t the neo taken off any better? This week’s 10 Minutes About the A330neo explains why.
Jan. 28, 2021, © Leeham News: Boeing on Jan. 27 reported its 2020 financial results. They were ugly, to nobody’s surprise. Beset by the 737 MAX grounding all year, delays in the 777X program, a suspension of deliveries from October of the 787, continued issues with the KC-46A tanker and problems with the space program, “ugly” financial results were expected.
LNA talks about the 777X, 737 MAX and 787 programs in today’s episode of 10 Minutes About.
Jan. 26, 2021: © Leeham News: Today’s episode is 10 Minutes About the A321XLR and Why Boeing Can’t Compete. LNA’s Judson Rollins worked for Boeing when the MAX was created. He brings an airline background as well, having worked for Air New Zealand and Continental.
China has one airliner in service, a second in flight testing and a third on the drawing board. Production is still a challenge.
We discuss how viable the airliners are and a bit about production–all in 10 minutes.
Even before the pandemic, airlines faced an aging pilot workforce and regional airlines had difficulties finding and retaining pilots. The aging pilots get older during the layoffs. What kind of shortages will there be as the industry recovers over the next few years?
Kathryn Creedy, who writes for Leeham News and is editor of her own on-line newsletter, Future Aviation/Aerospace Workforce News, answers these and more questions in this episode of 10 Minutes About.
CEO David Calhoun all but killed the New Midmarket Airplane when he took over from Dennis Muilenburg in January. A full product strategy review would be undertaken, he said.
Boeing always looks at alternatives. In addition to the twin-aisle NMA, Boeing also had a single-aisle airplane under study.
In this episode of 10 Minutes About, LNA discusses what Boeing’s Next New Airplane should be.
Dec. 28, 2020, (c) Leeham News: Today LNA discusses 10 Minutes About the Boeing 777X.
Something that should have caught Boeing’s attention at the time of the 777X launch was the lack of interest from two key customer groups: the 777-300ER launch operator, Air France, and US airlines. The lack of orders from such airlines was perhaps a sign of a market smaller than what Boeing would have envisioned.
The discussion today looks at the program status and whether Boeing might cancel it. Scott Hamilton is joined by Vincent Valery, a writer and financial analyst for LNA.