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Business Matters: Boeing faces shareholder backlash

Boeing plane

30/04/2019 GMT

Boeing faces shareholder backlash

BBC World Service - Business Matters, Boeing faces shareholder backlash

The world's second-largest plane maker defends its record as investor criticism mounts

Boeing faces down allegations they knew about faulty software that may have led to the deaths of almost 350 people when two of its new 737 Max Jetliners crashed.

Boeing's boss, Dennis Mullenberg, was challenged by shareholders and journalists on the safety issue at the heart of the problem - the reliability of the Maneuvering Characteristics Augmentation System or MCAS. We talk to aviation industry expert Philip Butterworth-Hayes about where the company goes from here. Meanwhile, the number of paying subscribers to Spotify has reached 100 million globally. That's double those of its nearest rival, Apple Music. Marta Pinto is an analyst with the tech research group IDC. We explore with her the dynamics of the digital streaming market. And, could space be the newest frontier for tech firms? Much of the recent innovation for the space industry has been in smaller shoe-box sized satellites known as CubeSats. These provide a standard platform for companies to fit their own cameras and sensors. Firms such as Amazon are getting in on the act, by planning whole constellations of such spacecraft. Alan Boyle is aerospace and science editor at Geekwire. Roger Hearing is joined on the programme by Peter Morici, Professor of International Business at the University of Maryland, and Enda Curran, Chief Asia Economics Correspondent at Bloomberg News Hong Kong.


(Description: A Boeing plane. Picture credit: Getty Images)

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