Boeing has made a significant move by removing the head of its troubled 737 MAX unit following the alarming mid-flight blowout incident involving an Alaska Airlines door plug in early January. The investigation revealed that the four bolts meant to secure the plug were missing, causing a gaping hole in the aircraft. This development has led to a 20% decline in Boeing's stock price since the start of the year.
The individual in question, who was in charge of the 737 MAX program, is the fifth person to hold that position. This change comes after the tragic crashes of the 737 MAX 8 planes in 2018 and 2019, resulting in the grounding of the aircraft for 20 months. The recent incident has reignited concerns about Boeing's commitment to safety.