Boeing stock jumps on news that CEO Dave Calhoun is leaving in wake of Alaska Airlines door plug incident and ongoing 737 Max safety crisis

Boeing CEO Dave Calhoun is to step down at the end of the year.

He is being repalced amid the 737 Max crisis. 

Wall Street responded positively to the news – with shares rising 2.5 percent in premarket trading.

Board chairman Larry Kellner is also resigning and will leave the baord at the airline maker’s annual meeting in May. 

Meanwhile, shares of United Airlines fell about 5% in premarket trade on Monday after the U.S. Federal Aviation Administration’s (FAA) move to increase its oversight of the carrier after a series of recent safety incidents.

Last week, the FAA said it would initiate a formal evaluation to ensure the Chicago-based airline was complying with safety regulations.

Passengers aboard the doomed Alaska Airlines Flight 1282 have been notified by the Seattle FBI office that they may each be considered a ‘possible victim of a crime’ following a midair blowout incident earlier this year.

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