Via RT Business

US planemaker Boeing has replaced its top boss after the company faced a series of setbacks following two fatal crashes of its best-selling aircraft, the 737 MAX, which killed 346 people.

David Calhoun will replace Muilenburg, the company said in a statement on Monday. The change in leadership of the company will be effective on January 13.

The US aerospace giant explained that the step was “necessary to restore confidence” in the firm as it struggles to restore trust of investors, clients, and aviation regulators.

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