Air China reportedly asks Boeing for compensation over aircraft grounding

‘Very dangerous’: Putin, Trump want to weaken the EU, top… There is at least one thing in common between the U.S. and Russia – their willingness to weaken the European Union, a top EU official said. Politicsread more


‘Very dangerous’: Putin, Trump want to weaken the EU, top… There is at least one thing in common between the U.S. and Russia – their willingness to weaken the European Union, a top EU official said. Politicsread more
Air China reportedly asks Boeing for compensation over aircraft grounding Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-22
Keywords: news, cnbc, companies, aircraft, saidpoliticsread, willingness, russia, putin, union, reportedly, asks, thing, china, grounding, air, trump, compensation, eu, boeing, topthere, weaken


Air China reportedly asks Boeing for compensation over aircraft grounding

‘Very dangerous’: Putin, Trump want to weaken the EU, top…

There is at least one thing in common between the U.S. and Russia – their willingness to weaken the European Union, a top EU official said.

Politics

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Company: cnbc, Activity: cnbc, Date: 2019-05-22
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Five-seater, all-electric and jet-powered air taxi makes maiden flight

A German start-up has unveiled a five-seater, all-electric air taxi prototype. In an announcement Thursday, Munich-based Lilium said that its jet-powered air taxi had completed its maiden flight earlier this month. The plan is to eventually offer an on-demand air taxi service, with consumers using an app to find their nearest “landing pad” and then book their trip. In the field of aerial taxis, Uber plans to launch a “shared air transportation” service for urban areas in 2023. The company is wor


A German start-up has unveiled a five-seater, all-electric air taxi prototype. In an announcement Thursday, Munich-based Lilium said that its jet-powered air taxi had completed its maiden flight earlier this month. The plan is to eventually offer an on-demand air taxi service, with consumers using an app to find their nearest “landing pad” and then book their trip. In the field of aerial taxis, Uber plans to launch a “shared air transportation” service for urban areas in 2023. The company is wor
Five-seater, all-electric and jet-powered air taxi makes maiden flight Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: anmar frangoul
Keywords: news, cnbc, companies, startup, service, launch, flight, taxi, jetpowered, makes, allelectric, air, takeoff, maiden, aircraft, lilium, fiveseater, prototype


Five-seater, all-electric and jet-powered air taxi makes maiden flight

A German start-up has unveiled a five-seater, all-electric air taxi prototype. In an announcement Thursday, Munich-based Lilium said that its jet-powered air taxi had completed its maiden flight earlier this month.

The full-scale prototype, which can take-off and land vertically, is powered by 36 all-electric jet engines and can travel up to 300 kilometers in one hour, according to the company.

The aircraft does not have a tail, rudder, propellers or gearbox. In terms of its environmental impact, Lilium said it had “zero operating emissions.”

The jet flew for the first time on May 4. The prototype, which is remotely controlled by an operator on the ground, is now undertaking a series of flight tests.

The plan is to eventually offer an on-demand air taxi service, with consumers using an app to find their nearest “landing pad” and then book their trip.

In 2017, the start-up completed flight testing for a two-seater prototype. “In less than two years we have been able to design, build and successfully fly an aircraft that will serve as our template for mass production,” Daniel Wiegand, Lilium’s co-founder and CEO, said in a statement.

“Moving from two to five seats was always our ambition as it enables us to open up the skies to many more travelers,” he added.

The way we move around our towns and cities is undergoing a radical change. In October 2018, Dubai’s Roads and Transport Authority announced trials for what it described as the region’s first autonomous taxi.

In the field of aerial taxis, Uber plans to launch a “shared air transportation” service for urban areas in 2023. The company is working with partners to launch small, electric vertical take-off and landing aircraft in Dallas and Los Angeles.


Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: anmar frangoul
Keywords: news, cnbc, companies, startup, service, launch, flight, taxi, jetpowered, makes, allelectric, air, takeoff, maiden, aircraft, lilium, fiveseater, prototype


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Boeing says disabled alert on 737 Max wasn’t necessary for safe operation of aircraft

Boeing said Sunday a standard alert that had been disabled on the 737 Max jet due to a glitch was not necessary to safely operate the aircraft. The 737 Max was grounded by the FAA in March in the wake of two fatal crashes that killed 346 people. Just months after the Lion Air crash, a Boeing 737 Max 8 went down just minutes after taking off from Addis Ababa, Ethiopia. Neither the angle of attack indicator nor the AOA Disagree alert are necessary for the safe operation of the airplane. In 2017, w


Boeing said Sunday a standard alert that had been disabled on the 737 Max jet due to a glitch was not necessary to safely operate the aircraft. The 737 Max was grounded by the FAA in March in the wake of two fatal crashes that killed 346 people. Just months after the Lion Air crash, a Boeing 737 Max 8 went down just minutes after taking off from Addis Ababa, Ethiopia. Neither the angle of attack indicator nor the AOA Disagree alert are necessary for the safe operation of the airplane. In 2017, w
Boeing says disabled alert on 737 Max wasn’t necessary for safe operation of aircraft Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-05  Authors: michelle fox
Keywords: news, cnbc, companies, standard, boeing, safe, alert, max, aoa, 737, operation, necessary, software, disabled, wasnt, air, aircraft, indicator, disagree


Boeing says disabled alert on 737 Max wasn't necessary for safe operation of aircraft

Boeing said Sunday a standard alert that had been disabled on the 737 Max jet due to a glitch was not necessary to safely operate the aircraft.

Boeing’s statement comes after Southwest Airlines, the company’s largest 737 Max customer, said Boeing did not inform it about the disabled alert until after the fatal crash of a Lion Air 737 Max in Indonesia last October.

Known as an angle-of-attack disagree light, the indicator flashes if an aircraft’s angle-of-attack sensors transmit faulty data about the pitch of the plane’s nose.

Boeing said the disagree light was included as a standard, stand-alone feature on the 737 Max, but it was linked to another optional feature called an angle-of-attack indicator. The disagree light would only work if airlines opted for the angle-of-attack indicator.

In 2017, well before the Lion Air crash, engineers discovered the 737 Max display software didn’t meet the requirements for the disagree alert. Boeing then followed its “standard process for determining the appropriate resolution of such issues,” the company said in a statement Sunday.

“That review, which involved, multiple company subject matter experts, determined that the absence of the AOA Disagree alert did not adversely impact airplane safety or operation,” the statement continued. “Accordingly, the review concluded, the existing functionality was acceptable until the alert and the indicator could be de-linked in the next planned display system software update.”

Though engineers were investigating, Boeing said senior company leadership wasn’t involved in the review and “first became aware of this issue in the aftermath of the Lion Air accident.”

The 737 Max was grounded by the FAA in March in the wake of two fatal crashes that killed 346 people. Just months after the Lion Air crash, a Boeing 737 Max 8 went down just minutes after taking off from Addis Ababa, Ethiopia.

Several major airlines have extended Max flight cancellations through the summer. American has canceled Max flights through Aug. 19, totaling 115 flights per day, while Southwest has canceled through Aug. 5 and United through June 5.

In Sunday’s statement, Boeing said it discussed the status of the AOA disagree alert with the Federal Aviation Administration after the Lion Air crash. The company convened a safety review board in December 2018, which confirmed that the absence of the instrument did not present a safety issue, Boeing said.

Boeing plans to issue a software update to implement the AOA disagree alert as a standard, standalone feature when the Max returns to service.

Here is Boeing’s full statement:

On every airplane delivered to our customers, including the MAX, all flight data and information needed to safely operate the aircraft is provided in the flight deck on the primary flight deck displays. This information is provided full-time in the pilots’ primary field of view, and it always has been. Air speed, attitude, altitude, vertical speed, heading and engine power settings are the primary parameters the flight crews use to safely operate the airplane in normal flight. Stick shaker and the pitch limit indicator are the primary features used for the operation of the airplane at elevated angles of attack. All recommended pilot actions, checklists, and training are based upon these primary indicators. Neither the angle of attack indicator nor the AOA Disagree alert are necessary for the safe operation of the airplane. They provide supplemental information only, and have never been considered safety features on commercial jet transport airplanes. The Boeing design requirements for the 737 MAX included the AOA Disagree alert as a standard, standalone feature, in keeping with Boeing’s fundamental design philosophy of retaining commonality with the 737NG. In 2017, within several months after beginning 737 MAX deliveries, engineers at Boeing identified that the 737 MAX display system software did not correctly meet the AOA Disagree alert requirements. The software delivered to Boeing linked the AOA Disagree alert to the AOA indicator, which is an optional feature on the MAX and the NG. Accordingly, the software activated the AOA Disagree alert only if an airline opted for the AOA indicator. When the discrepancy between the requirements and the software was identified, Boeing followed its standard process for determining the appropriate resolution of such issues. That review, which involved multiple company subject matter experts, determined that the absence of the AOA Disagree alert did not adversely impact airplane safety or operation. Accordingly, the review concluded, the existing functionality was acceptable until the alert and the indicator could be delinked in the next planned display system software update. Senior company leadership was not involved in the review and first became aware of this issue in the aftermath of the Lion Air accident. Approximately a week after the Lion Air accident, on November 6, 2018, Boeing issued an Operations Manual Bulletin (OMB), which was followed a day later by the FAA’s issuance of an Airworthiness Directive (AD). In identifying the AOA Disagree alert as one among a number of indications that could result from erroneous AOA, both the OMB and the AD described the AOA Disagree alert feature as available only if the AOA indicator option is installed. Boeing discussed the status of the AOA Disagree alert with the FAA in the wake of the Lion Air accident. At that time, Boeing informed the FAA that Boeing engineers had identified the software issue in 2017 and had determined per Boeing’s standard process that the issue did not adversely impact airplane safety or operation. In December 2018, Boeing convened a Safety Review Board (SRB) to consider again whether the absence of the AOA Disagree alert from certain 737 MAX flight displays presented a safety issue. That SRB confirmed Boeing’s prior conclusion that it did not. Boeing shared this conclusion and the supporting SRB analysis with the FAA. Boeing is issuing a display system software update, to implement the AOA Disagree alert as a standard, standalone feature before the MAX returns to service. When the MAX returns to service, all MAX production aircraft will have an activated and operable AOA Disagree alert and an optional angle of attack indicator. All customers with previously delivered MAX airplanes will have the ability to activate the AOA Disagree alert.

—CNBC’s Amanda Macia and Spencer Kimball contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-05-05  Authors: michelle fox
Keywords: news, cnbc, companies, standard, boeing, safe, alert, max, aoa, 737, operation, necessary, software, disabled, wasnt, air, aircraft, indicator, disagree


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Emirates boss looking at possible Airbus option for its partner airline after Boeing 737 Max grounding

The grounding of 737 Max airplanes has cost Emirates’ sister airline FlyDubai a “lot of profitability” and Airbus planes could now replace some Boeing orders, the Middle East airline’s CEO and chairman said Monday. Ahmed bin Saeed Al Maktoum said Flydubai, a regional partner of Emirates, has had to stop using 40 aircraft due to the worldwide grounding of the 737 Max aircraft following two deadly crashes involving the model. “I have to look into a similar type of aircraft, let’s say with the Airb


The grounding of 737 Max airplanes has cost Emirates’ sister airline FlyDubai a “lot of profitability” and Airbus planes could now replace some Boeing orders, the Middle East airline’s CEO and chairman said Monday. Ahmed bin Saeed Al Maktoum said Flydubai, a regional partner of Emirates, has had to stop using 40 aircraft due to the worldwide grounding of the 737 Max aircraft following two deadly crashes involving the model. “I have to look into a similar type of aircraft, let’s say with the Airb
Emirates boss looking at possible Airbus option for its partner airline after Boeing 737 Max grounding Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: david reid
Keywords: news, cnbc, companies, max, aircraft, airbus, planes, lot, option, possible, grounding, emirates, looking, airline, flydubai, al, partner, boeing, maktoum, boss


Emirates boss looking at possible Airbus option for its partner airline after Boeing 737 Max grounding

The grounding of 737 Max airplanes has cost Emirates’ sister airline FlyDubai a “lot of profitability” and Airbus planes could now replace some Boeing orders, the Middle East airline’s CEO and chairman said Monday.

Ahmed bin Saeed Al Maktoum said Flydubai, a regional partner of Emirates, has had to stop using 40 aircraft due to the worldwide grounding of the 737 Max aircraft following two deadly crashes involving the model. The CEO added that with more than 100 Max 8 planes currently on order, he couldn’t “sit and do nothing” and needed to look at options such as the Airbus A320.

“I have to look into a similar type of aircraft, let’s say with the Airbus,” Al Maktoum told CNBC’s Dan Murphy at the Arabian Travel Market trade show in Dubai on Monday.

The Emirates and FlyDubai chief said he would “always demand that we be compensated,” but would not yet take the step of officially canceling orders.

When asked how the Boeing crashes could affect the aerospace sector, Al Maktoum said he expected a lot of pressure on the U.S. Federal Aviation Authority (FAA) to be more candid about how it certifies Boeing aircraft.


Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: david reid
Keywords: news, cnbc, companies, max, aircraft, airbus, planes, lot, option, possible, grounding, emirates, looking, airline, flydubai, al, partner, boeing, maktoum, boss


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Boeing pulls 2019 guidance, pauses share buybacks due to 737 Max uncertainty

Boeing announced Wednesday it will pause share buybacks and is withdrawing its full year 2019 financial forecast while it works through issues surrounding its 737 Max aircraft, whose software is suspected in two deadly crashes. Boeing said the previous guidance “does not reflect 737 MAX impacts,” adding that “new guidance will be issued at a future date” because of “the uncertainty of timing and conditions” for when the 737 Max planes will return to flight. The company’s presentation to sharehol


Boeing announced Wednesday it will pause share buybacks and is withdrawing its full year 2019 financial forecast while it works through issues surrounding its 737 Max aircraft, whose software is suspected in two deadly crashes. Boeing said the previous guidance “does not reflect 737 MAX impacts,” adding that “new guidance will be issued at a future date” because of “the uncertainty of timing and conditions” for when the 737 Max planes will return to flight. The company’s presentation to sharehol
Boeing pulls 2019 guidance, pauses share buybacks due to 737 Max uncertainty Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: michael sheetz, source
Keywords: news, cnbc, companies, share, 737, boeing, pulls, guidance, max, fell, 2019, works, billion, aircraft, pauses, buybacks, trading, uncertainty


Boeing pulls 2019 guidance, pauses share buybacks due to 737 Max uncertainty

Boeing announced Wednesday it will pause share buybacks and is withdrawing its full year 2019 financial forecast while it works through issues surrounding its 737 Max aircraft, whose software is suspected in two deadly crashes.

Boeing said the previous guidance “does not reflect 737 MAX impacts,” adding that “new guidance will be issued at a future date” because of “the uncertainty of timing and conditions” for when the 737 Max planes will return to flight. The company’s presentation to shareholders noted the commercial airplane business had $1 billion in increased costs due to the 737 production line.

The company also delivered first-quarter earnings that were in line with Wall Street expectations while revenue was lighter than expected. Boeing’s cash flow fell nearly 10%, to $2.8 billion this quarter from $3.1 billion the same period last year, specifically citing lower 737 aircraft deliveries.

Shares of Boeing initially fell in premarket trading after the release but bounced back, trading up more than 1% from Tuesday’s close of $374.02 a share.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: michael sheetz, source
Keywords: news, cnbc, companies, share, 737, boeing, pulls, guidance, max, fell, 2019, works, billion, aircraft, pauses, buybacks, trading, uncertainty


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Autonomous aircraft designed for ‘ultra-endurance’ flights reaches milestone

A self-sufficient autonomous aircraft that could potentially embark on flights of an indefinite length has reached a development milestone, academics said on Tuesday. The Phoenix, an “ultra-endurance” unmanned aircraft, uses helium to ascend into the air and then propels itself forward by “inhaling” and compressing air. Its battery is powered by solar cells, meaning there are theoretically no limits on how long it could remain air bound. According to its developers, the Phoenix is the first ever


A self-sufficient autonomous aircraft that could potentially embark on flights of an indefinite length has reached a development milestone, academics said on Tuesday. The Phoenix, an “ultra-endurance” unmanned aircraft, uses helium to ascend into the air and then propels itself forward by “inhaling” and compressing air. Its battery is powered by solar cells, meaning there are theoretically no limits on how long it could remain air bound. According to its developers, the Phoenix is the first ever
Autonomous aircraft designed for ‘ultra-endurance’ flights reaches milestone Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: chloe taylor, the centre for process innovation
Keywords: news, cnbc, companies, cheaper, powered, cells, long, autonomous, aircraft, designed, flights, reaches, air, solar, phoenix, milestone, battery, ultraendurance, developed


Autonomous aircraft designed for 'ultra-endurance' flights reaches milestone

A self-sufficient autonomous aircraft that could potentially embark on flights of an indefinite length has reached a development milestone, academics said on Tuesday.

The Phoenix, an “ultra-endurance” unmanned aircraft, uses helium to ascend into the air and then propels itself forward by “inhaling” and compressing air. Its battery is powered by solar cells, meaning there are theoretically no limits on how long it could remain air bound.

According to its developers, the Phoenix is the first ever large-scale aircraft to be powered by such technology.

Academics and industry representatives from several U.K. institutions developed the prototype vehicle, which is 15 meters long and has a 10.5-meter wingspan. Last month, scientists successfully flew the model over a 120-meter distance in an indoor trial.

The team that developed the Phoenix said it would now explore collaborations with “major manufacturers,” claiming the aircraft could revolutionize the telecoms sector and create cheaper alternatives to launching satellites.

Andrew Rae, professor of engineering at the University of the Highlands and Islands, led the design of the Phoenix. He said in a press release on Tuesday that the aircraft is “completely self-sufficient.”

“The energy needed to power its pumps and valves is provided by a battery which is charged by lightweight flexible solar cells on its wings and tail,” he said.

“Vehicles based on this technology could be used as pseudo satellites and would provide a much cheaper option for telecommunication activities,” he added. “Current equivalent airplanes are very complex and very expensive. By contrast, Phoenix is almost expendable and so provides a user with previously unavailable options.”


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: chloe taylor, the centre for process innovation
Keywords: news, cnbc, companies, cheaper, powered, cells, long, autonomous, aircraft, designed, flights, reaches, air, solar, phoenix, milestone, battery, ultraendurance, developed


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This helicopter-airplane hybrid could take flight for civilians as early as 2020—take a look

Hypersonic aircraft might come in “20 to 30 years” but another innovation in the sky may fly sooner — and it will be available to the public. The tiltrotor aircraft, a hybrid of an airplane and a helicopter used by the military (the Pentagon has one), is now being built for civilians use by Italian aerospace company Leonardo. The AW609 is the world’s first civilian production tiltrotor and is intended for executive and private transport as a passenger aircraft, according to CNN. The site reports


Hypersonic aircraft might come in “20 to 30 years” but another innovation in the sky may fly sooner — and it will be available to the public. The tiltrotor aircraft, a hybrid of an airplane and a helicopter used by the military (the Pentagon has one), is now being built for civilians use by Italian aerospace company Leonardo. The AW609 is the world’s first civilian production tiltrotor and is intended for executive and private transport as a passenger aircraft, according to CNN. The site reports
This helicopter-airplane hybrid could take flight for civilians as early as 2020—take a look Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: jimmy im
Keywords: news, cnbc, companies, hybrid, times, york, look, according, company, civilians, flight, helicopterairplane, 2020take, tiltrotor, worlds, waiting, used, transport, aircraft, early


This helicopter-airplane hybrid could take flight for civilians as early as 2020—take a look

Hypersonic aircraft might come in “20 to 30 years” but another innovation in the sky may fly sooner — and it will be available to the public.

The tiltrotor aircraft, a hybrid of an airplane and a helicopter used by the military (the Pentagon has one), is now being built for civilians use by Italian aerospace company Leonardo. The AW609 is the world’s first civilian production tiltrotor and is intended for executive and private transport as a passenger aircraft, according to CNN.

The site reports it will cost about $25 million for a company to buy the aircraft.

Billionaire Michael Bloomberg was on the waiting list for a tiltrotor aircraft back in 2012, according to The New York Times.


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: jimmy im
Keywords: news, cnbc, companies, hybrid, times, york, look, according, company, civilians, flight, helicopterairplane, 2020take, tiltrotor, worlds, waiting, used, transport, aircraft, early


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European markets: Brexit, earnings in focus as mood turns cautious

The pan-European Euro Stoxx 600 index was around 0.1 percent higher in mid-morning trade with most sectors and bourses sitting around the flat-line. This after U.S. Trade Representative Robert Lighthizer on Monday proposed a list of European Union products on which to slap tariffs as retaliation for European aircraft subsidies, with Airbus down 1.9 percent in early deals. The U.S. is considering tariffs on about $11 billion of EU products ranging from aircraft parts to wine. The move comes as th


The pan-European Euro Stoxx 600 index was around 0.1 percent higher in mid-morning trade with most sectors and bourses sitting around the flat-line. This after U.S. Trade Representative Robert Lighthizer on Monday proposed a list of European Union products on which to slap tariffs as retaliation for European aircraft subsidies, with Airbus down 1.9 percent in early deals. The U.S. is considering tariffs on about $11 billion of EU products ranging from aircraft parts to wine. The move comes as th
European markets: Brexit, earnings in focus as mood turns cautious Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: david reid, sam meredith
Keywords: news, cnbc, companies, aircraft, list, turns, mood, products, focus, cautious, european, world, tariffs, brexit, trade, earnings, midmorning, subsidies, stocks, markets, organization


European markets: Brexit, earnings in focus as mood turns cautious

The pan-European Euro Stoxx 600 index was around 0.1 percent higher in mid-morning trade with most sectors and bourses sitting around the flat-line. This after U.S. Trade Representative Robert Lighthizer on Monday proposed a list of European Union products on which to slap tariffs as retaliation for European aircraft subsidies, with Airbus down 1.9 percent in early deals.

The U.S. is considering tariffs on about $11 billion of EU products ranging from aircraft parts to wine. The move comes as the President Donald Trump administration looks to retaliate against EU subsidies for Airbus, which the World Trade Organization ruled had “adverse effects” on America.

Other European-listed stocks such as Rolls-Royce, Thales, Dassault Systemes, BAE and Leonardo were seen as among the most exposed to Lighthizer’s threat and these firms fell lower on Tuesday morning.

Drink maker stocks also went on a wild ride with Remy Cointreau, Pernod Ricard and Davide Campari all suffering losses, although initial selling at the open was reversed to some degree by mid-morning. Other items on the U.S. list included some European-produced cheese, passenger helicopters, as well as certain types of motorcycles and ski suits.

The announcement comes shortly after a World Trade Organization ruling said the U.S. was guilty of illegal subsidies in production of Boeing aircraft.


Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: david reid, sam meredith
Keywords: news, cnbc, companies, aircraft, list, turns, mood, products, focus, cautious, european, world, tariffs, brexit, trade, earnings, midmorning, subsidies, stocks, markets, organization


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US is scrutinizing the development of Boeing’s 737 Max aircraft: WSJ

Five months later, on March 10, a second Boeing 737 Max 8 plane crashed shortly after takeoff, killing all 157 people on the Ethiopian Airlines plane. Ethiopian Transport Minister Dagmawit Moges said Sunday that preliminary data retrieved from the plane’s flight data recorder showed “a clear similarity” with the Indonesian crash. The subpoena, which reportedly involves a prosecutor from the Justice Department, was said to seek relevant documents, such as emails and other messages. It is not clea


Five months later, on March 10, a second Boeing 737 Max 8 plane crashed shortly after takeoff, killing all 157 people on the Ethiopian Airlines plane. Ethiopian Transport Minister Dagmawit Moges said Sunday that preliminary data retrieved from the plane’s flight data recorder showed “a clear similarity” with the Indonesian crash. The subpoena, which reportedly involves a prosecutor from the Justice Department, was said to seek relevant documents, such as emails and other messages. It is not clea
US is scrutinizing the development of Boeing’s 737 Max aircraft: WSJ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: yen nee lee, stephen brashear, getty images
Keywords: news, cnbc, companies, max, subpoena, development, ethiopian, boeings, department, boeing, journal, wsj, 737, plane, justice, clear, data, scrutinizing, aircraft


US is scrutinizing the development of Boeing's 737 Max aircraft: WSJ

Five months later, on March 10, a second Boeing 737 Max 8 plane crashed shortly after takeoff, killing all 157 people on the Ethiopian Airlines plane. Ethiopian Transport Minister Dagmawit Moges said Sunday that preliminary data retrieved from the plane’s flight data recorder showed “a clear similarity” with the Indonesian crash.

The Journal reported in an update to the article that a grand jury in Washington issued a broad subpoena one day after the Ethiopian Airlines crash to at least one person involved in the development of the Boeing 737 Max. The subpoena, which reportedly involves a prosecutor from the Justice Department, was said to seek relevant documents, such as emails and other messages.

It is not clear whether the probe by the Justice Department is related to the DOT’s investigation, according to the Journal report. The Justice Department did not immediately respond to CNBC’s request for comment, sent outside U.S. office hours.

WATCH: Why Airbus and Boeing dominate 99% of the large plane market


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: yen nee lee, stephen brashear, getty images
Keywords: news, cnbc, companies, max, subpoena, development, ethiopian, boeings, department, boeing, journal, wsj, 737, plane, justice, clear, data, scrutinizing, aircraft


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Canada to ban 737 Max 8 and Max 9 aircraft from flying in Canadian airspace

The Canadian government said Wednesday it is temporarily grounding Boeing 737 Max 8 and Max 9 planes and barring them from the country’s airspace, joining dozens of nations suspending service after the second fatal crash of the planes in less than five months. Canada’s transportation ministry said it’s immediately restricting all Boeing 737 MAX 8 and 9 aircraft “from arriving, departing, or overflying Canadian airspace.” The crash of Ethiopian Airlines Flight 302 came less than five months after


The Canadian government said Wednesday it is temporarily grounding Boeing 737 Max 8 and Max 9 planes and barring them from the country’s airspace, joining dozens of nations suspending service after the second fatal crash of the planes in less than five months. Canada’s transportation ministry said it’s immediately restricting all Boeing 737 MAX 8 and 9 aircraft “from arriving, departing, or overflying Canadian airspace.” The crash of Ethiopian Airlines Flight 302 came less than five months after
Canada to ban 737 Max 8 and Max 9 aircraft from flying in Canadian airspace Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: leslie josephs, daniel slim, afp, getty images
Keywords: news, cnbc, companies, ban, flight, airlines, 737, canada, boeing, customers, order, aircraft, max, canadian, billion, planes, airspace, flying


Canada to ban 737 Max 8 and Max 9 aircraft from flying in Canadian airspace

The Canadian government said Wednesday it is temporarily grounding Boeing 737 Max 8 and Max 9 planes and barring them from the country’s airspace, joining dozens of nations suspending service after the second fatal crash of the planes in less than five months.

“The advice the experts have provided is based on the information they have been receiving; the requirements for new procedures and training for Boeing 737 MAX 8 and 9 flight crews they have already put in place; and the latest information available from the incidents,” Canadian Transport Minister Marc Garneau said in a statement.

Canada’s decision made the United States a notable holdout for allowing the Boeing planes to fly as investigators seek clues as to what brought down an Ethiopian Airlines 737 Max 8 shortly after takeoff on Sunday, killing all 157 people on board. The Federal Aviation Administration on Tuesday reiterated its stance on the plane, saying it saw no reason to order the jets be taken out of service.

Canada’s transportation ministry said it’s immediately restricting all Boeing 737 MAX 8 and 9 aircraft “from arriving, departing, or overflying Canadian airspace.”

Dozens of countries and airlines spanning from China to Mexico and Europe have grounded the planes this week.

The crash of Ethiopian Airlines Flight 302 came less than five months after a Lion Air Boeing 737 Max 8 plunged into the Java Sea minutes into the flight, killing all 189 people on board.

Both planes were new, delivered from Boeing just months before their doomed flights.

Air Canada has 24 Boeing 737 Max 8 planes in its fleet and said it would waive cancellation and ticket-change fees for customers affected by the government order. It warned travelers that its Boeing 737 Max planes carry on average 9,000 to 12,000 passengers daily so “customers can expect delays in rebooking and in reaching Air Canada call centres and we appreciate our customers’ patience.

Boeing investors lost $26.6 billion in the first two trading days this week with shares sliding 11 percent from $422.54 Friday to $375.41 at Tuesday’s close. The drop cut the company’s market value from $238.7 billion to $212.1 billion over Monday and Tuesday. Its stock was up 0.1 percent in Wednesday afternoon trading.

-CNBC’s Jessica Bursztynsky contributed to this report.

This story is developing. Please check back for updates.


Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: leslie josephs, daniel slim, afp, getty images
Keywords: news, cnbc, companies, ban, flight, airlines, 737, canada, boeing, customers, order, aircraft, max, canadian, billion, planes, airspace, flying


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