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It's January 2020 and Dave Calhoun has flown into the Pacific Northwest on a rescue mission.

Last month, as the 737 Max crisis deepened, Calhoun and Boeing's board fired CEO Dennis

Mullenberg. Now, Calhoun is the new CEO and tasked with pulling the business out of its tailspin.

The 737 Max has been grounded for 11 months now.

Boeing is nursing losses of $7 billion.

Its borrowing costs are higher because its credit ratings been downgraded,

and the company doesn't expect the FAA will let the

max fly again until mid-year at the earliest. But while in the new role, Calhoun's not new to Boeing.

He spent the past decade on its board, a position that's given him a ring-side seat to many of the

decisions that led the company to this point. But now, at the headquarters

of Boeing's Commercial Airplane Division in Renton, Washington, he's looking to rebuild trust.

In a conference room with views of the overcast skies outside, the 62-year-old Calhoun

feels questions from journalists on a teleconference. I believe this culture is a good one.

Employees at Boeing care about safety, but their confidence right now is shaken.

My job is to restore it.

Journalists question why the Max managed to reach the market with deadly flaws in its flight

control system.

Calhoun says, the problem isn't one of Boeing prizing savings over safety. It's due to

assumptions about how pilots would react to problems during a flight, assumptions that proved

fatally wrong. It's a judgment everybody wishes they hadn't made. But the media isn't the only

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