A key finding from the Federal Aviation Administration’s (FAA) report highlights a troubling gap in understanding and commitment to safety across Boeing Company Inc.‘s (NYSE:BA) hierarchy.
What Happened: U.S. regulators released a comprehensive report condemning Boeing’s approach to safety, spotlighting significant concerns within the aviation giant.
The report emerged on the heels of Boeing’s struggles with the repercussions of a nearly disastrous incident earlier in the year involving an Alaska Airlines flight, where a panel detached from a 737 MAX 9 shortly after the takeoff.
“The Expert Panel observed a disconnect between Boeing’s senior management and other members of the organization on safety culture,” the report states, indicating a fundamental issue within the corporate structure.
The …