The Federal Aviation Administration (FAA) of the United States – the regulator for airline safety of the country has said that it is pleased with the advancements made by the plane maker Boeing in its efforts to convince the regulators to allow the now grounded Boeing 737 Max planes to fly again.
After the global grounding of its 737 Max plane in March last year following two fatal crashes involving the planes within a span of just five months from each other, Boeing has temporarily stopped production of the plane starting this month. 346 people were killed in the two crashes.
And recently the United States based airplane maker has said that the Boeing 737 Max planes are not likely to return back to commercial flight until the middle of the year.
However, FAA chief Steve Dickson said that the regulator "has no set time frame" to complete its review.
The statement was issued by him in response to a report published by Reuters that claimed that he had told airlines that Boeing's public timeline was "very conservative" and it could be possible to re-certify the 737 Max planes before July.
The news sent shares in Boeing up 2 per cent on Friday.
Ever since the crashes and the grounding of the planes, Boeing has been in crisis. The first of the crashes had occurred in Indonesia in October 2018 and the second one had happened in Ethiopia in March last year. The two crashes has resulted in multiple investigations being conducted against the company by regulators and agencies. Boeing is also facing accusations that safety of the planes was compromised in a hurry to deliver the planes to its customers.
Accusations have also been leveled on the FAA for failing its oversight duty because of its too cosy relationship with Boeing.
It has been estimated that Boeing has been hit with a charge of more than $9bn already because of the grounding of the 737 Max planes which had been Boeing's best-selling plane. The company announced a halt in the production of the planes last month, implementable from this month. Analysts said that the production halting decision could result in a loss of 0.5 per cent to the total GDP growth of the US for the first three months of the year.
Boeing’s decision has also resulted in many of its suppliers announcing job cuts. On the other hand, airlines that used the 737 Max planes have had to reschedule shifts and flights because of the grounding of the planes. Many of the airlines have said they do not expect the 737 planes back in service before at least June.
(Source:www.bbc.com)
After the global grounding of its 737 Max plane in March last year following two fatal crashes involving the planes within a span of just five months from each other, Boeing has temporarily stopped production of the plane starting this month. 346 people were killed in the two crashes.
And recently the United States based airplane maker has said that the Boeing 737 Max planes are not likely to return back to commercial flight until the middle of the year.
However, FAA chief Steve Dickson said that the regulator "has no set time frame" to complete its review.
The statement was issued by him in response to a report published by Reuters that claimed that he had told airlines that Boeing's public timeline was "very conservative" and it could be possible to re-certify the 737 Max planes before July.
The news sent shares in Boeing up 2 per cent on Friday.
Ever since the crashes and the grounding of the planes, Boeing has been in crisis. The first of the crashes had occurred in Indonesia in October 2018 and the second one had happened in Ethiopia in March last year. The two crashes has resulted in multiple investigations being conducted against the company by regulators and agencies. Boeing is also facing accusations that safety of the planes was compromised in a hurry to deliver the planes to its customers.
Accusations have also been leveled on the FAA for failing its oversight duty because of its too cosy relationship with Boeing.
It has been estimated that Boeing has been hit with a charge of more than $9bn already because of the grounding of the 737 Max planes which had been Boeing's best-selling plane. The company announced a halt in the production of the planes last month, implementable from this month. Analysts said that the production halting decision could result in a loss of 0.5 per cent to the total GDP growth of the US for the first three months of the year.
Boeing’s decision has also resulted in many of its suppliers announcing job cuts. On the other hand, airlines that used the 737 Max planes have had to reschedule shifts and flights because of the grounding of the planes. Many of the airlines have said they do not expect the 737 planes back in service before at least June.
(Source:www.bbc.com)
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