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Boeing focused on winning back public's trust: Executive VP Raymond

Livemint · 10m

Boeing aims to regain public trust after facing challenges and safety concerns, like the Alaska Airlines mid-air cabin panel incident. Newly appointed CEO Kelly Ortberg believes they need to deliver a high-quality and safe product on time. The company reported a net loss of $1.44 billion in the June quarter, mainly due to cost overruns. Supply chain issues have affected aircraft deliveries, but progress is being made. Boeing is focused on getting its MAX aircraft back to 38 per month and delivering parked inventory. In India, Boeing faces competition from Airbus, but continues to seek partnerships and opportunities in the market.