The CEO appeared off-guard as angry lawmakers and the relatives of crash victims assailed his pay during an often-contentious appearance before Congress last week.
As Boeing continues to deal with the fallout from its 737 Max 8 aircraft groundings, CEO Dennis Muilenburg received a vote of confidence from the company's new chairman Dave Calhoun but will forgo any bonuses for the year.
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Calhoun said that the current regulatory schedule suggests that "our airplane will get certified, and as we turn the year we can begin to move forward on getting these back in the air".
Boeing's Dennis Muilenburg, who endured hours of grilling by members of the House Transportation & Infrastructure Committee Oct. 30, left "a lot of unanswered questions, and our investigation has a long way to go to get the answers everyone deserves", said Representative Peter DeFazio, chairman of the committee, and Representative Rick Larsen, leader of its aviation sub-panel. "He's close to a key inflection point with the FAA, so I'd say his chances are good of sticking around".
U.S. airlines are not planning on using the plane until at least January or February, and it could take longer in other parts of the world, where regulators want to conduct their own reviews of Boeing's work.
Calhoun acknowledged that some of Boeing's assumptions in the development of the MAX were faulty but hit back at suggestions that the company cut corners and compromised safety. "If a rebalancing has to happen by way of reform, so be it".
The crashes, which killed all 346 people on the flights, were blamed on the MCAS flight-control system.
The board gave that job to Calhoun, a senior executive at the private equity firm Blackstone who previously led General Electric's jet-engine business and was reported to be in the running for Boeing CEO more than a decade ago.
The CEO will presumably still get a salary, which was $1.7 million a year ago.
Last week, lawmakers grilled Muilenburg about his $23.4 million compensation, including a $13.1 million incentive bonus in 2018.
Muilenburg presumably will still get a salary, which was $1.7 million a year ago.
While Boeing could take steps to strengthen the visibility of its commitment to safety, "I do not believe that this instance is indicative of a cultural problem", he said.