Boeing names new chief as it posts £1bn-plus loss in second quarter

The results come at a troubled time for the manufacturer (The Seattle Times via AP, Pool, File)

Troubled aircraft manufacturer Boeing has lost more than 1.4 billion dollars (£1.08 billion) in the second quarter as it revealed that a long-standing industry figure will take over as chief executive next week.

Robert “Kelly” Ortberg, 64, a former head at Rockwell Collins, will succeed David Calhoun as chief executive, the company said.