While families of some of the deceased in the Ethiopian Airline crash told a court in Chicago that they were not willing to go in for a settlement of the litigation, United States based aircraft maker Boeing faced another blow as Southwest Airlines Co. announced that it would not schedule any of its Boeing 737 Max flights until at least October 1.
There was a 2.4 per cent fall in the share prices of the Chicago based plane maker this week after the US airline regulatory authority found another flaw in the 737Max jets of the company. Boeing is already grappling with a set back because of two fatal accidents involving the 737 Max planes within a span of just five months and a consequent grounding of all 737 Max jets across the world. It is further troubled by a string of litigations. There is anticipation that the return of the 737 Max planes, the most popular and best selling craft of Boeing and also its cash cow, to the air would be delayed because of the discovery of the latest flaw in them by the US Federal Aviation Administration (FAA) on Thursday.
Since the Lion Air crash in Indonesia in October, Boeing has been working on an upgrade for a stall-prevention system known as MCAS. It is believed that in that crash as well as in the crash of an Ethiopian Airline 737 max plane in March, the pilots had lost control over the plane as software embedded in the planes repeatedly forced the nose of the plane to dive down.
There are negotiations going on between Boeing and the families of Lion Air crash victims. If these negotiations are successful, it would mean that Boeing would be able to potentially avoid expensive court litigation. However, the lawyers of families of some victims of a second crash on Ethiopian Airlines in March told a Chicago judge on Thursday that they are not ready to accept a settlement of the litigation.
“More and more information is coming to light every day,” lawyer Robert Clifford, who represents families of several Ethiopian Airline victims, said in court. The lawyer said that his clients were eager to understand the extent of knowledge that Boeing had about the potential risk in its 737 Max aircraft and what is being done by the company about it.
On the other hand, a host of major airlines of the world have said that it was important to align technical requirements and timelines for the safe re-entry to service of the 737 Max. This was said by the International Air Transport Association which is a body that represents about 290 airlines and over 80 per cent of global air traffic.
This statement was issued by the IATA after a day it held a summit to examine the issue of the grounding of Boeing’s top-selling passenger jet - the 737 max. this is the second time that such a meeting has been held about issue in recent weeks.
“Aviation is a globally integrated system that relies on global standards, including mutual recognition, trust, and reciprocity among safety regulators,” IATA said.
“Aviation cannot function efficiently without this co-ordinated effort, and restoring public confidence demands it,” IATA added. The body also called for the need to have a world-wide alignment on additional training needs for the crew of 737 Max planes.
(Source:www.theglobeandmail.com)
There was a 2.4 per cent fall in the share prices of the Chicago based plane maker this week after the US airline regulatory authority found another flaw in the 737Max jets of the company. Boeing is already grappling with a set back because of two fatal accidents involving the 737 Max planes within a span of just five months and a consequent grounding of all 737 Max jets across the world. It is further troubled by a string of litigations. There is anticipation that the return of the 737 Max planes, the most popular and best selling craft of Boeing and also its cash cow, to the air would be delayed because of the discovery of the latest flaw in them by the US Federal Aviation Administration (FAA) on Thursday.
Since the Lion Air crash in Indonesia in October, Boeing has been working on an upgrade for a stall-prevention system known as MCAS. It is believed that in that crash as well as in the crash of an Ethiopian Airline 737 max plane in March, the pilots had lost control over the plane as software embedded in the planes repeatedly forced the nose of the plane to dive down.
There are negotiations going on between Boeing and the families of Lion Air crash victims. If these negotiations are successful, it would mean that Boeing would be able to potentially avoid expensive court litigation. However, the lawyers of families of some victims of a second crash on Ethiopian Airlines in March told a Chicago judge on Thursday that they are not ready to accept a settlement of the litigation.
“More and more information is coming to light every day,” lawyer Robert Clifford, who represents families of several Ethiopian Airline victims, said in court. The lawyer said that his clients were eager to understand the extent of knowledge that Boeing had about the potential risk in its 737 Max aircraft and what is being done by the company about it.
On the other hand, a host of major airlines of the world have said that it was important to align technical requirements and timelines for the safe re-entry to service of the 737 Max. This was said by the International Air Transport Association which is a body that represents about 290 airlines and over 80 per cent of global air traffic.
This statement was issued by the IATA after a day it held a summit to examine the issue of the grounding of Boeing’s top-selling passenger jet - the 737 max. this is the second time that such a meeting has been held about issue in recent weeks.
“Aviation is a globally integrated system that relies on global standards, including mutual recognition, trust, and reciprocity among safety regulators,” IATA said.
“Aviation cannot function efficiently without this co-ordinated effort, and restoring public confidence demands it,” IATA added. The body also called for the need to have a world-wide alignment on additional training needs for the crew of 737 Max planes.
(Source:www.theglobeandmail.com)
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