Niaga AWANI: Boeing names new CEO after losses more than triple

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Boeing on Wednesday named aerospace industry veteran Kelly Ortberg as its CEO to turn around the planemaker beset by legal and regulatory problems after a quarter in which it lost more than $1 billion.

Ortberg will start on Aug. 8 with the monumental task of rebuilding trust with regulators, the industry and the public during a quality crisis, and as the company's finance chief warned it would continue to burn cash.

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