Boeing should rename its 737-Max to deflect passengers’ concerns once the grounded jet returns to the skies, according to plane leasing-industry veteran Steven Udvar-Hazy.

Shannon Airport has warned that the grounding of Boeing's 737-Max aircraft will negatively affect its passenger numbers this year.

Dennis Muilenburg is used to presiding over sleepy annual meetings as chief executive of Boeing, basking in the glow of a soaring share price.

The skies had been, in aviation parlance, “severe clear” for Dennis Muilenburg since he took the helm at Boeing four years ago.

Boeing plans to cut about 4,000 jobs from its commercial airplanes division by mid-year as part of a broader effort to reduce costs amid fierce competition from Airbus Group.