CNBC Television No indication from FAA when Boeing 737 Max planes will be ungrounded

🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: Wall Street is expecting bigger write downs for Boeing in the wake of the 737 Max crisis. ’s aviation reporter Leslie Josephs joins “Squawk Box“ to explain her reporting on why Bank of America is now estimating the total cost to be as high as $20 billion. Boeing’s new CEO Dave Calhoun had a challenging first day running the company — a debt downgrade warning and outcries from lawmakers over his potential bonus. The decade-long Boeing board member took the reins on Monday, tasked with cleaning up the company’s image, internal culture, relationship with regulators and airlines, as well as Boeing’s finances after two fatal crashes of its best-selling plane, the Boeing 737 Max. Calhoun, a veteran of General Electric aviation and Blackstone Group, will receive a $7 million bonus if he gets regulators to clear the Max to fly again, among other performance targets, the company said. That drew the ire of some lawmakers who have criticized the company for sacrificing safety to make airplanes a better sell — and rewarding executives for it. “This payment represents a clear financial incentive for Mr. Calhoun to pressure regulators into ungrounding the 737 Max, as well as rush the investigations and reforms needed to guarantee public safety,” Democratic Sens. Edward Markey of Massachusetts, Richard Blumenthal of Connecticut and Tammy Baldwin of Wisconsin wrote to Boeing’s board on Monday. “We believe that this bonus would be unconscionable in the face of two tragic plane crashes and proof that Boeing has not learned its lesson.” Boeing is scrambling to win regulatory approval of the planes, but Calhoun has taken a more conciliatory approach with the Federal Aviation Administration after former CEO Dennis Muilenburg made overly optimistic statements about when the jets will be approved frayed the relationship between the two and contributed to Muilenburg’s firing last month. The planes are Boeing’s best seller and the worldwide grounding, now in its 11th month, has cost airlines more than $1 billion in revenue and Boeing more than $7 billion. Those costs are likely to rise as airlines continue to push back the Max’s return date on their schedules. On Tuesday, American joined United in pulling the planes from its schedules until early June. Boeing defended Calhoun’s potential bonus, saying it “is based on the fact that the safe return to service of the 737 MAX is our top priority.” It will also take several years to fully vest, meaning he won’t be able to take it with him unless he stays at the company. “This includes following the lead of our regulators and working with them to ensure they’re satisfied completely with the airplane and our work,” the company said in a statement. “The Board and CEO are in full agreement that the safe return to service of the 737 MAX must be done with full regulatory oversight.” Hours after the statement, Moody’s Investor Services said it is putting Boeing’s debt on a 90-day review for a possible downgrade, less than a month after cutting its credit rating by one-notch, as the crisis wears on longer than expected. The lower the credit rating, the more expensive it is for a company to raise money from investors in the debt market. “Recent developments suggest a more costly and protracted recovery for Boeing to restore confidence with its various market constituents, and an ensuing period of heightened operational and financial risk, even if certification of the MAX comes relatively near-term, as expected,” wrote Jonathan Root, Moody’s lead Boeing analyst. Moody’s also downgraded the debt of 737 Max supplier Spirit Aerosystems to junk territory, after the Wichita, Kansas-based company that makes fuselages for the planes said it would cut at least 2,800 jobs. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC N