Boeing is promoting a woman to one of its top jobs, putting her in the discussion about possible successors to current CEO David Calhoun.

Boeing's CEO is missing out on a $7 million bonus because the company's new large jet is behind schedule.

American Airlines says former CEO Doug Parker is also retiring as chairman in April.

Boeing will pay $200 million to settle charges that it misled investors about the safety of its 737 Max jets after two of the planes crashed, killing 346 people.

Current and former Boeing directors have settled a shareholder lawsuit that accuses the directors of poor oversight before two of the company's jets crashed, killing 346 people.

Boeing CEO David Calhoun declined a salary and performance bonus for most of 2020 but still received stock benefits that pushed the estimated value of his compensation to more than $21 million, according to a regulatory filing Friday, March 5, 2021. Calhoun, who became CEO in January 2020, received $269,231 in salary for the period before he disavowed his salary in March. AdThe company said Calhoun gave up about $3.6 million by declining most of his salary and a $2.5 million bonus. But most of Calhoun's compensation — valued by Boeing at more than $20 million — came in the form of stock benefits that will vest in the next few years, assuming he remains CEO. Calhoun, 63, was a longtime Boeing board member before being named CEO after the firing of Dennis Muilenburg in December 2019.

FILE - In this Wednesday, Sept. 30, 2020, file photo, a Boeing 737 Max jet, piloted by Federal Aviation Administration Chief Steve Dickson, prepares to land at Boeing Field following a test flight in Seattle. The FAA is poised to clear the Boeing 737 Max to fly again after grounding the jets for nearly two years due to a pair of disastrous crashes that killed 346 people. Boeing sales of new planes have plunged because of the Max crisis and the coronavirus pandemic. Hansman said pilot training for qualified 737 pilots shouldn’t take long because Boeing has fixed problems with the Max’s software. Relatives say it's too soon, and they and their lawyers say Boeing and the FAA are withholding documents.

(CNN) - Boeing CEO Dennis Muilenburg will not get stock or bonuses that provide most of his compensation, according to the new chairman of the company. In 2018, he received total compensation of $23.4 million, of which $20.4 million was in the form of stock and bonuses. Calhoun said that Muilenburg will receive no stock grants until the plane, grounded since March, is fully back in service. He said that process, which includes deliveries of about 400 planes that Boeing has built during the grounding but not yet delivered, won't be completed until early 2021. But he added that the Boeing board believes Muilenburg has done everything right during this crisis and that he still has the confidence of the board.

Muilenburg identified basing the system on a single sensor -- known by the acronym AOA sensor -- as one of at least three mistakes made during design and production of the plane that remains grounded. The House Transportation Committee asked about a newly released internal email discussion between Boeing employees in 2015 -- more than a year before the plane's final approval for flight -- raising concerns about that design. Boeing chief engineer John Hamilton told the committee that single points of failure are allowed for some features, and was permitted for the MCAS anti-stall system. The House Transportation Committee has been investigating the two Boeing crashes, which together killed 346 people, and is also scrutinizing the Federal Aviation Administration's procedures for certifying aircraft. It has interviewed whistleblowers and reviewed hundreds of thousands of pages of documents, Transportation Chairman Peter DeFazio told reporters this week.

Boeing via CNNWASHINGTON, D.C. - When Boeing's CEO lands in the hot seat this week, members of Congress have pointed questions for him, such as: "How the hell did this happen?" The committee is also reviewing disclosures made by whistleblowers, including current and former Boeing employees, according to DeFazio. Committee staffers have interviewed FAA employees but are currently awaiting the work of criminal investigators before interviewing Boeing employees. Their probe includes looking for ways to change the delegation program that gave Boeing employees, rather than FAA employees, the authority to sign off on aspects of the jet. The FAA has said it was implementing the program designed by Congress, and that FAA officials oversaw the Boeing employees.

Scott Olson/Getty ImagesCHICAGO - A top Boeing executive left the company Tuesday, the first to do so in the wake of the 737 Max crisis. McAllister came to Boeing from General Electric in November 2016, after the Boeing 737 Max was well on its way to being certified and after the flawed safety feature at issue in the crashes was already part of the jet's design. Boeing reports its third quarter results Wednesday, and it is expected to show a return to profitability. Investors will be looking for some new guidance as to when the company's best-selling plane, the 737 Max, can return to service. In fact, the agency said on Friday that "the FAA is following a thorough process, not a prescribed timeline, for returning the Boeing 737 Max to passenger service.

(CNN) - Boeing CEO Dennis Muilenburg has been stripped of his role as chairman as the company struggles to get its grounded 737 Max jets cleared to fly again. The company's board of directors on Friday said the move was an effort to strengthen "safety management," and Muilenburg will continue as CEO, president and a director. The board elected current independent lead director David L. Calhoun to serve as non-executive chairman, the company said in a statement. Earlier this week, pilots for Southwest Airlines sued Boeing for $115 million in lost compensation they say was caused by the 737 Max grounding. The complaint alleges Boeing decided to "rush" the 737 MAX to market for the sake of profits and in doing so, "abandoned sound design and engineering practices."

2006 Getty ImagesCHICAGO - Boeing will begin to pay $50 million in financial assistance to the families of more than 300 victims of the two 737 Max crashes, the company announced Monday. Clifford added that if Boeing "wanted to give real relief to the families, they should work with the insurance partners of Ethiopian Airlines to expedite payments to the families." Michael Stumo, the father Samya Stumo who was killed in the Ethiopian Airlines crash, told Congress in July that Boeing's initial announcement "seemed like a PR stunt to us." Boeing's 737 Max jets were grounded worldwide in March after Ethiopian Airlines Flight 302 crashed shortly after takeoff, killing all 157 people on board. It came five months after the crash of Lion Air Flight 610, also a 737 Max, in October 2018.

A Boeing 737 MAX airplane is pictured on he tarmac with its signature winglet and fuel efficient engines outside the company's factory on March 11, 2019 in Renton, Washington. (CNN) - Aviation authorities from around the world may not immediately follow the FAA's lead whenever the US agency decides to allow the Boeing 737 Max to fly again, Boeing CEO Dennis Muilenburg said Wednesday. "I think a phased ungrounding of the airplane amongst regulators from around the world is a possibility," he said. A phased in recertification will cause problems, since most of the nearly 400 planes in service at the time of the grounding fly for non-US carriers. Muilenburg said Boeing still hopes to get approval for the plane to fly early in the fourth quarter, which beings Oct. 1.

An American Airlines Boeing 737 Max 8, on a flight from Miami to New York City, comes in for landing at LaGuardia Airport on March 11, 2019, in the Queens borough of New York City. CEO Dennis Muilenburg has publicly said he regrets the deaths and the company set aside $100 million of assistance for victims' families. "I think the families are in agreement that Boeing's apologies to cameras have not been apologies to the families," Stumo testified. Boeing spokesman Peter Pedraza did not dispute the lack of communication with the victims' families. Regulators grounded the 737 Max worldwide in March following the second crash.

A Boeing 737 MAX airplane is pictured on he tarmac with its signature winglet and fuel efficient engines outside the company's factory on March 11, 2019 in Renton, Washington. (CNN) - Boeing will pay out $100 million to help support the families and communities of the 346 people who died in two 737 Max crashes in the last year. The company is facing several lawsuits over the 737 Max incidences. Boeing's 737 Max jets were grounded worldwide in March after one of the vehicles, flown by Ethiopian Airlines, crashed shortly after takeoff. It followed a crash in late 2018 of a 737 Max flown by Indonesian airline Lion Air.