The Globe and Mail reports in its Thursday edition that Boeing on Wednesday named aerospace industry veteran Kelly Ortberg as its chief executive officer to turn around the struggling plane maker after a quarter in which it lost more than $1-billion (all figures U.S.). A Reuters dispatch to The Globe says that Mr. 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 its finance chief warned it would continue to burn cash. Boeing has been mired in a reputational and safety crisis after a Jan. 5 inflight cabin panel blowout on an Alaska Airlines Max 9 jet carrying 171 passengers. The plane maker posted a loss of $1.4-billion on revenue of $16.9-billion, short of the consensus among analysts for $17.2-billion. It lost $2.90 a share, compared with expectations for a loss of $1.97 a share. Boeing chief financial officer Brian West told an analyst call on Wednesday that he expects cash usage in 2024 to be larger than previously thought and expects cash burn during the third quarter. The CEO appointment lifted shares by 4.4 per cent in a relief trade, despite the struggles across its businesses, including in defence and space.