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Boeing faces challenges as Airbus gains an edge in the aerospace industry. Airbus CEO expresses concern over Boeing's problems impacting the industry. FAA Administrator emphasizes the need for Boeing to enhance safety culture and quality. Boeing's cash flow projections are affected by production delays and quality issues.
🇺🇸BOEING BURNS CASH TO SAVE REPUTATION They will spend up to $4.5 billion by the end of March, higher than previously estimated, as they struggle to improve quality control on their 737 MAX production line. Recently, panels have blown out of planes in mid-air, along with parts… https://t.co/ps52tf0R6d
Boeing CFO warns 'expensive' changes are needed as company burns through billions to fix security concerns and admits prioritizing production over 'getting it done right' https://t.co/IhhgsY2S27 https://t.co/EOYy2KbeNx
Boeing anticipates significant financial losses due to aircraft incidents https://t.co/hXN54Wq0Tl https://t.co/IJYP51m55k