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Boeing fires CEO Muilenburg to restore confidence amid 737 crisis

Boeing Co Chief Executive Dennis Muilenburg pauses while speaking during a news conference at the annual shareholder meeting in Chicago, Illinois, U.S., April 29, 2019.

Boeing Co has fired Chief Executive Dennis Muilenburg after repeatedly failing to contain the fallout from a pair of fatal crashes that halted output of its best-selling jetliner and tarnished its reputation with airlines and regulators.

Boeing - beset by one setback after another following the two air disasters - dropped Muilenburg as it became increasingly clear that he was making little headway resolving a crisis that has cost it $9 billion, hurt suppliers and airlines and now threatens to cut the pace of U.S. economic growth.

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