GE Aerospace’s Larry Culp declines Boeing’s request to take over as CEO, WSJ reports

By Thomson Reuters Jun 17, 2024 | 1:47 PM

(Reuters) – GE Aerospace CEO Larry Culp has declined Boeing’s request to consider taking over as the U.S. planemaker’s top boss, the Wall Street Journal reported on Monday.

A mid-air incident involving an Alaska Airlines-operated MAX 9 jet carrying 171 passengers created a full-blown safety and reputation crisis for the iconic planemaker.

Shortly after the incident, the U.S. Federal Aviation Administration (FAA) barred Boeing from expanding production of its cash-cow 737 MAX family of jets without estimating how long the limitation will last. The restriction followed a series of separate quality issues that pressured deliveries last year.

(Reporting by Nathan Gomes in Bengaluru; Editing by Shilpi Majumdar)