Boeing has announced that Chief Executive Officer Dennis Muilenburg is stepping down.
It comes as the planemaker suffered a series of setbacks with its 737 Max jetliner following twin fatal crashes.
"The Board of Directors decided that a change in leadership was necessary to restore confidence in the Company moving forward as it works to repair relationships with regulators, customers, and all other stakeholders," a statement from the firm read.
Chairman David Calhoun will take over as chief executive and president from January 13.
French air traffic controllers' walkout disrupts early summer travel
Non-oil sector fuels 3.4% GDP growth in Abu Dhabi
Dubai launches initiative to assist first-time home buyers
Archer Aviation conducts electric flying taxi test flight in Abu Dhabi
US, India push for trade pact after Trump strikes deal with Vietnam
