Boeing execs enjoyed $500K private jets perks

Boeing’s internal review uncovered that CEO David Calhoun and three other top executives had taken personal trips valued at over $500,000 using the company’s private jets.

The company acknowledged in a securities filing that the trips were improperly recorded as business travel instead of personal benefits, per the SEC rules.

Since 2021, these travels have cost the company around $1.9 million. CEO Calhoun’s air travel alone amounted to $979,000 over three years.

The disclosure comes at a time of increased federal and public scrutiny against Boeing due to several safety incidents in its planes, including a fuselage blowout in January.

In other Boeing news,
Boeing’s major supplier of its door plugs, Spirit AeroSystems, is found to have used Vaseline, cornstarch, and Dawn dishwashing liquid as lubricants when sealing the aircraft doors.

The details were found in an FAA audit of Boeing and its suppliers, after an Alaska Airlines 737 Max plane’s door blew off mid-flight a few months back.