Boeing’s new CEO says he won’t cut its $4.6 billion a year dividend. Yet the aircraft giant will burn cash as long as the 737 MAX remains grounded. Cutting the payout would be prudent in case of further delays, writes rob_cyran.
Boeing’s new chief executive, David Calhoun, said to reporters on Jan. 22 that the firm will not suspend or cut the company’s dividend"unless something dramatic changes." He also said Boeing expects to resume 737 MAX production months before its expected mid-year return to service. The company said in December that it would halt production of the plane in January.
The U.S. Federal Aviation Administration grounded all MAX planes last March following two crashes that killed 346 people.
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