Boeing Names New CEO Amid Posting $1.4B in Losses

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    Above: The Boeing office building is shown May 6, 2022 in the Crystal City section of Arlington, Virginia. Image copyright: Win McNamee/Staff/Getty Images News via Getty Images

    The Spin

    Narrative A

    In this extremely difficult period, Boeing couldn't have done better than naming Ortberg as the next CEO. A mechanical engineer who built one of the aviation industry's most respected suppliers, his reputation is excellent and he has all the skills necessary to turn the company around.

    Forbes

    Narrative B

    While Ortberg has a good résumé, it's not clear that one man can turn all of Boeing's problems around. There are serious problems with the company — there's no guarantee that with a mere change at the top, the firm will be able to recover from all the mistakes it has made in the past few years.

    CNN

    Metaculus Prediction

    There's a 1% chance that Boeing will release a new mid-sized aircraft, likely called the 797, into commercial service before 2030, according to the Metaculus prediction community.

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