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Europe regulator says it would pull Boeing approval if needed
  + stars: | 2024-03-14 | by ( ) www.cnbc.com   time to read: +1 min
Signage outside the Boeing Co. manufacturing facility in Renton, Washington, US, on Monday, Feb. 5, 2024. The acting head of Europe's aviation regulator said on Wednesday the agency would halt its indirect approval of Boeing's jet production if warranted, but he feels reassured that the plane maker is tackling its latest safety crisis. Asked if EASA would be prepared to stop recognizing U.S. production safety approvals declaring that Boeing jets are built safely, Tytgat said, "If need be, yes." The U.S. Federal Aviation Administration, or FAA, said last week an audit of Boeing and supplier Spirit AeroSystems found multiple instances of poor controls. Under a transatlantic pact, the FAA and EASA regulate the factories of their respective plane makers — Boeing and Airbus — and recognize each other's safety approvals.
Persons: Luc Tytgat, Tytgat, AeroSystems Organizations: Boeing Co, Reuters, European Union Aviation Safety, Boeing, U.S . Federal Aviation Administration, FAA, Airbus — Locations: Renton , Washington, US
Executives from several US carriers have expressed doubt about the Boeing 737 Max delivery schedule. Southwest expects 42% fewer jets this year, while United told Boeing to stop making the Max 10. AdvertisementCustomers may soon feel the impact of the Boeing 737 Max blowout as airlines face uncertainty about their future fleets. The airline also said it doesn't expect to receive any of the yet-to-be-certified Max 7s this year and removed them from its 2024 plan. Airlines may look to Airbus to grow their fleetsThe Airbus A320neo competes with the Boeing 737 Max.
Persons: , Max, Scott Kirby, Ed Bastian, Bastian, Richard Aboulafia, Michael O'Leary, Henry Harteveldt, Harteveldt, Kirby Organizations: Boeing, Max, Southwest, United, Service, Alaska Airlines, Delta Air Lines, Southwest Airlines, United Airlines, Bloomberg, JPMorgan, Delta Air, Ryanair, Airbus —, Airbus, Frontier Airlines, Spirit Airlines, Reuters Locations: Alaska, Delta
Aerospace well positioned Honeywell's aerospace division — which supplies parts to plane makers Boeing (BA) and European rival Airbus — falls on the positive end of the economic spectrum. Warehouse automation weaker While Honeywell's warehouse automation business saw growth in the first two years of the Covid pandemic, it's been hurt by the shift in consumer spending toward services, away from goods. The change in how dollars are being spent has led to challenges for retailers and, by extension, softened demand for Honeywell's warehouse automation offerings. "We look at the other end like warehouse automation, which is really tied to retail growth and products and distribution. This means that revenue growth may decline year-over-year, but each dollar of warehouse automation sales could be more profitable in 2023 than in 2022.
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