Calhoun is a longtime Boeing board member, having served as the company's decisions about the 737 Max were made, but he is no stranger to crises nor to aviation.
"Putting in place a world-class leader like Dave at the helm of Boeing is good for the company and important to the country," Blackstone CEO Steve Schwarzman said in a statement. "His experience driving growth across Blackstone's diverse portfolio speaks to his unusual capabilities as a CEO, which will serve him well in this complex situation."
Regulators have repeatedly said they have no timeline to approve the planes, which they grounded in mid-March after the second fatal crash in less than five months. Together, the two crashes killed 346 people. Boeing has been highly criticized for its handling of the crisis as well as for failing to include enough safeguards on the planes before they were sold. That has raised questions about Boeing's internal culture, whether the company cut corners and whether federal regulators were too cozy with the company.
Calhoun, unlike Muilenburg, however, is not an engineer. But a lot of Boeing's problems this year have stemmed from poor communication, particularly its handling of the crashes and its ever-shifting timeline for when the planes would fly again.
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