Boeing CEO Kelly Ortberg Faces Major Challenges

Boeing's new CEO, Kelly Ortberg, faces significant challenges as he steps in to lead the troubled aerospace giant. Ortberg's appointment follows a series of financial and quality crises, including a second-quarter loss of over $1.4 billion, ongoing issues with the 737 Max, and the prolonged stranding of astronauts due to the Starliner's technical problems. Analysts praise Ortberg's experience and hope his fresh approach will address Boeing's systemic issues. The company has also been under scrutiny from the FAA, with multiple enforcement cases highlighting production pressures and safety concerns. Ortberg's task is further complicated by Boeing's substantial cash burn and debt, exacerbated by the acquisition of Spirit AeroSystems. Despite these hurdles, there is cautious optimism about Ortberg's potential to steer Boeing towards recovery.