Boeing report The U.S. House Transportation and Infrastructure Committee's Democratic majority has blasted Boeing and the Federal Aviation Administration over the 737 MAX debacle. The report says the two fatal crashes of the craft, which killed 346 people, "were not the result of a singular failure, technical mistake, or mismanaged event. They were the horrific culmination of a series of faulty technical assumptions by Boeing’s engineers, a lack of transparency on the part of Boeing’s management, and grossly insufficient oversight by the FAA—the pernicious result of regulatory capture on the part of the FAA." Reuters
%% Mostly right; except the nonsense that a regulator is@ fault for that. Blame game is counter productive...…………………………………………………………………………... Also like a former regulator noted in public, BA knew about that problem, because they were trying to sell software to fix it+ thats not the regulators fault either.
Boeing 737 MAX Good news for Boeing: Europe's aviation safety regulator EASA is set to green-light the 737 MAX's return to the skies, according to executive director Patrick Ky. Ky says his agency will likely issue a draft airworthiness directive next month, even though a software-based "synthetic sensor" EASA recommended will take up to two years for Boeing to implement. Bloomberg
Boeing cuts As its revenues plunge, Boeing has announced a further 7,000 layoffs on top of the 19,000 job cuts announced earlier this year. It's not clear that these will be the last cuts, either. The company posted a quarterly loss of $754 million yesterday, thanks to pandemic-struck airlines pausing new plane deliveries (which is when Boeing collects its cash) and cancelling orders. CNN
Boeing fine Boeing will pay $2.5 billion to settle criminal charges that it fraudulently concealed information about the 737 Max, two of which crashed, killing hundreds. Investigations of the disasters showed that Boeing altered a flight control system, but did not fully explain the changes to official inspectors. Fortune
Boeing 777 Boeing has told airlines to ground some of its wide-body 777s, following the mid-flight failure of an engine near Denver. The recommendation affects 128 of the 777 models that have Pratt & Whitney 4000-series engines, and is intended to allow their inspection by regulators. Many of the grounded planes weren't flying anyway, due to the pandemic. Wall Street Journal
Let's get all of these engines out of the sky for now and figure out what's going on. Hopefully, the lady wasn't hurt badly and I'm glad that no one was hurt in Denver. I wonder if Raytheon will be a good buy at some juncture.