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Boeing to invest $1 billion in safety drive - sources

Video Credit: Reuters - Politics - Duration: 01:11s - Published < > Embed
Boeing to invest $1 billion in safety drive - sources

Boeing to invest $1 billion in safety drive - sources

Boeing is planning an initial investment of around $1 billion into industry-wide pilot development as part of a long-term initiative to reduce risks like those faced by the crew in two 737 MAX crashes, people familiar with the matter said.

Tamara Lindstrom reports.


Boeing to invest $1 billion in safety drive - sources

Boeing appears to be pinning its hopes for a rebound from the 737 MAX fiasco on a $1 billion investment in pilot safety training initiatives.

Sources tell Reuters the training program is still being developed and will roll out over years, and will launch after the plane resumes flights.

Boeing is trying to rebuild trust with airlines, passengers and regulators around the world after two 737 MAX crashes killed 346 people.

The planes have been grounded since March, but Boeing expects them to be back in the air by the end of the year.

In back-to-back hearings last week, Boeing CEO Dennis Muilenburg was accused by U.S. lawmakers, including Montana Senator Jon Tester, of placing profits over safety.

(SOUNDBITE) (English) U.S. SENATOR JON TESTER, A DEMOCRAT FROM MONTANA, SAYING: "I would walk before I would get on a 737 MAX.

I would walk.

There's no way.

And so the issue becomes when issues like this happen, it costs your company huge.

And so, you shouldn't be cutting corners.

And I see corners being cut." Boeing denies those charges.

Outlines of the new investment were drawn up in the wake of the crashes as Boeing executives acknowledged that stall-prevention software known as MCAS confused the pilots.

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