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Boeing (BA) shares continue to trend lower this week into Tuesday following a mid-air incident aboard the aerospace manufacturer's signature 737 Max 9 jet during an Alaska Airlines (ALK) flight. Alaska Airlines and United Airlines (UAL) have reportedly found loose bolts on 737 Max 9 plug doors upon close inspections. The Federal Aviation Administration (FAA) has since grounded Boeing's 737 Max 9 models.
Foundation for Aviation Society Executive Director Ed Pierson joins Yahoo Finance Live to comment on Boeing's corporate culture and factory mismanagement that may be creating allowances for these incidences.
Boeing executives "need to get out of their corporate headquarters and they need to spend time with their troops on the factory floor and they need to understand what they're dealing with," Pierson, a former Boeing Senior Manager and a whistleblower on similar issues in 2019, adding: "If it was up to me, I would absolutely advocate the change of leadership."
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