Boeing (BA) - Get Report , the multinational aerospace corporation, has a long and storied history. It was founded in 1916 by William Boeing, who wanted to build “flying boats” for the Navy during WWI. From that point onwards, the company has seen its share of soaring successes and crashing failures.
Here are some of Boeing’s most notable moments:
Boeing introduced the 707, which has been credited with inaugurating the jet age in commercial travel.
The 727 is launched, enabling airlines to reach airports in the developing world or with shorter runways.
Boeing merged with long-time rival McDonnell Douglas, an aerospace manufacturing corporation, for $13 billion in stock.
Boeing moved its headquarters to Chicago, Illinois.
The 737 MAX aircraft is launched, consisting of three differently sized models: the 737 Max 7, Max 8, and Max 9.
Lion Air Flight 610 crashed minutes after takeoff, killing all 189 passengers and crew aboard. The plane, a 737 MAX, was found to have serious design flaws.
Ethiopian Airlines Flight 302 crashed, killing all 157 people aboard. Afterwards, the 737 MAX was grounded by various airlines and government regulators worldwide.
In 2020, Boeing hired a new CEO, David Calhoun, to help the company rebuild trust and return the 737 MAX to service safely, among other goals. In an email from Jan. 13, 2020 to Boeing staff, Calhoun wrote:
“This company has a tremendous legacy of aerospace achievement, thanks to your efforts and the contributions of generations before you. I honor that legacy, and I appreciate your tireless commitment. I also recognize the learnings – many of them painful – from the experiences of the last 18 months that you are bringing to the way we do business.”