Aircraft manufacturer Boeing announced a series of changes to its senior staff on March 25. Accordingly, CEO Dave Calhoun will leave at the end of this year.

Calhoun has been under pressure from recent Boeing incidents. On January 5, an Alaska Airlines 737 MAX 9 made an emergency landing after a door seal came loose at 16,000 feet. Three days later, United Airlines discovered loose screws on a batch of 737 MAX 9s during a preliminary inspection.

The incident has left Boeing under suspicion from U.S. regulators and angered airlines. Last week, a group of U.S. airline CEOs met with Boeing’s board of directors to express concerns about the Alaska Airlines incident.

Boeing Chairman Larry Kellner will also leave the board. Former Qualcomm CEO Steve Mollenkopf has been appointed to replace him.

Stan Deal, CEO of Boeing Commercial Airplanes, also resigned. Stephanie Pope, COO of Boeing since January, will take over the position.

Boeing is now having to limit production while it tries to fix the quality issues, which will cost it more money than expected. Boeing Chief Financial Officer Brian West said at a Bank of America conference on March 20 that Boeing could lose $4 billion to $4.5 billion in cash in the first quarter. Boeing shares have lost nearly 25% since the beginning of the year.

Boeing’s troubles have sent orders pouring into Airbus, its main rival. Last week, the company received orders for 65 planes from two of Boeing’s traditional customers in Asia, Japan Airlines (JAL) and Korean Air.

Ha Thu (according to Reuters, CNN)