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.

(AP Photo/Elaine Thompson, File)After nearly two years and a pair of deadly crashes, the U.S. Federal Aviation Administration has cleared Boeing’s 737 Max for flight. The nation’s air safety agency announced the move early Wednesday, saying it was done after a “comprehensive and methodical” 20-month review process. U.S. airlines will fly the Max once Boeing updates critical software and computers and pilots receive training in flight simulators. The FAA says the order was made in cooperation with air safety regulators worldwide. Anton Sahadi, who lives in Jakarta, Indonesia, and lost two brothers in the Lion Air crash, said it's too early for the Max to fly again.

Boeings new chairman gave Muilenburg a vote of confidence Tuesday , Nov. 5, and said the chief executive is giving up any bonus this year. (AP Photo/Andrew Harnik, File)Boeing's new chairman gave embattled CEO Dennis Muilenburg a vote of confidence Tuesday and said the chief executive is giving up any bonus this year. David Calhoun said the Boeing board believes Muilenburg "has done everything right" and is positioning the Chicago company to return the 737 Max to service after two accidents killed 346 people. Muilenburg's compensation last year was worth $23.4 million, including a $13.1 million bonus and $7.3 million in stock awards. Boeing has said recently that it expects the Federal Aviation Administration to approve its changes to the Max before year-end.

Angry lawmakers bombarded the hearings' star witness, Boeing CEO Dennis Muilenburg, with questions and lectures. Boeing went ahead with the single-sensor design, with no backup to prevent MCAS from pushing the plane into a dive. At Wednesday's hearing, and one the previous day before the Senate Commerce Committee, lawmakers angrily blasted Boeing's CEO over the design and marketing of the Max. The Boeing CEO acknowledged that he knew before the second crash that a senior Boeing test pilot had raised concerns after trying MCAS in a flight simulator. However, Boeing didn't reduce the production rate until this April, when the grounding of the Max halted deliveries of new Max jets.

(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.