Boeing’s New CEO Clips Corporate Jet Trips in Show of Restraint

For members of the Boeing Co.’s executive council, catching a ride on the company’s corporate jets has long been a cherished perk of the job.

The 19 senior leaders have counted on five company-owned Bombardier Inc. Challenger 650 business jets and two customized 737 narrowbodies to help oversee the US planemaker’s sprawling operation. Boeing requires its chief executive officer to avoid commercial flights for security reasons, even when on a personal trip.

Then in mid-September, new CEO Kelly Ortberg grounded much of the corporate fleet in an early cost-cutting move. Executives were instead told to fly economy on scheduled ...