The chief executive of Boeing backed down on Wednesday. He called President Trump to recommend that the United States temporarily take the company’s best-selling jet out of service, following two deadly crashes in less than five months. Just the day before, the chief executive, Dennis A. Muilenburg, had urged the president to keep the plane flying, as regulators around the world banned the jet. The stakes for Boeing are high, with 4,600 pending orders that promise to bring in hundreds of billions of dollars. All that is at risk as regulators and lawmakers begin to investigate what went wrong with the doomed Ethiopian Airlines flight and an earlier one on Lion Air.

Source: New York Times March 16, 2019 22:34 UTC