We clearly fell short, Boeing CEO says on 737 Max problems

The head of Boeing acknowledged Wednesday that the company "clearly fell short" in dealing with the accident-ridden 737 Max and said that it had not adequately communicated with regulators.

Chief Executive Dennis Muilenburg's remarks to CBS News – his first interview since the global grounding of the plane following two crashes that claimed 346 lives – came as a top airline representative signalled that the top-selling jets could be out of service at least through mid to late August.