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Spirit Aerosystems had a market capitalization of $3.3 billion as of Thursday's close. "We do not comment on market speculation," a spokesperson for Spirit Aerosystems told CNBC. Boeing in 2005 spun off operations in Kansas and Oklahoma that became the present-day Spirit Aerosystems. It comes less than two months after a section of a Boeing 737 Max 9 plane blew out during an Alaska Airlines flight. It was the latest and most serious in a host of flaws on the Boeing 737 Max, Boeing's best-selling jet.
Persons: Aerosystems, Spirit Aerosystems, Boeing's, Max Organizations: Spirit AeroSystems Holdings Inc, Boeing, Spirit, CNBC, Airbus, Wall Street, Max, Alaska Airlines, Federal Aviation Administration, National Transportation Safety Board Locations: Wichita , Kansas, U.S, Kansas, Oklahoma, Boeing's Renton , Washington
Read previewBoeing could face criminal prosecution after the Justice Department reviews whether the Alaska Airlines blowout breaches the terms of a key agreement, Bloomberg reported, citing a person familiar with the matter. This story is available exclusively to Business Insider subscribers. The deferred prosecution agreement expired two days after the Alaska Airlines blowout, the Bloomberg report said. AdvertisementIf the DoJ finds that the blowout breaches the settlement, Boeing could face criminal liability, the source told Bloomberg. The DoJ did not immediately respond to a request for comment from Business Insider, which was sent outside US working hours.
Persons: , Max, David Burns Organizations: Service, Department, Alaska Airlines, Bloomberg, Business, Boeing, Federal Aviation Administration, DoJ, MCAS, FAA, National Transportation Safety
The Justice Department review could, the reports note, expose Boeing to broader criminal liability if officials decide Boeing may have violated a controversial legal agreement that was due to expire on January 7, two days after the door plug incident. In the days after the door plug incident on Alaska Airlines flight 1282, an attorney for the families asked the Justice Department to review whether Boeing violated the agreement. Boeing is subject to several other investigations stemming from the door plug incident. The National Transportation Safety Board continues to investigate the door plug incident and recently reported that critical bolts that hold the door plug in place were not installed in Boeing’s factory. The NTSB has yet to determine blame or fault for the door plug incident on the Alaska Air flight.
Persons: Max, , Dave Calhoun, , Organizations: Washington DC CNN, US Justice Department, Boeing, Federal Aviation Administration, New York Times, Bloomberg, Alaska Airlines, Department of Justice, CNN, DOJ, FAA, Justice Department, National Transportation Safety, NTSB, Alaska Air Locations: United States
The Federal Aviation Administration said on Wednesday that it had asked Boeing to provide the agency with a “comprehensive action plan” to address quality-control issues within 90 days, the regulator’s latest push for safety improvements after a panel came off a Boeing 737 Max 9 jet in flight in early January. administrator, Mike Whitaker, made the request on Tuesday when he met with Boeing’s chief executive, Dave Calhoun, and other company officials for what the agency described as an “all-day safety discussion.”“Boeing must commit to real and profound improvements,” Mr. Whitaker said in a statement. “Making foundational change will require a sustained effort from Boeing’s leadership, and we are going to hold them accountable every step of the way, with mutually understood milestones and expectations.”Boeing did not immediately comment on Wednesday. The meeting, which took place at the F.A.A.’s headquarters in Washington, came two weeks after Mr. Whitaker toured Boeing’s 737 plant in Renton, Wash. During his visit, Mr. Whitaker spoke with Boeing engineers and mechanics to try to get a better sense of the safety culture at the factory. said after his visit that Mr. Whitaker planned to discuss what he saw during his visit when he met with Boeing executives in Washington.
Persons: Mike Whitaker, Dave Calhoun, , Mr, Whitaker Organizations: Federal Aviation Administration, Boeing, Max, ” Boeing Locations: Washington, Boeing’s, Renton, Wash
Beyond Meat reported fourth-quarter revenue of $73.7 million, versus the $66.7 million consensus estimate, per LSEG, formerly known as Refinitiv. First Solar — Shares added more than 3% after the solar panel manufacturer reported a fourth-quarter earnings beat . Urban Outfitters — The clothing retailer plunged 15% after missing estimates for its fourth-quarter earnings and revenue. Axon Enterprise — The weapons manufacturer popped 14% after reporting a fourth-quarter earnings beat. Novavax — The vaccine maker slid 27% after Novavax missed Wall Street's estimates for its fourth-quarter revenue and earnings .
Persons: Bumble —, Bumble, FactSet, Lemonade, Viatris, LSEG, , Novavax, Axel Springer, Schibsted, — CNBC's Brian Evans, Michelle Fox, Alexander Harring, Pia Singh, Samantha Subin Organizations: Advance, FactSet, eBay, Baidu, U.S . Securities, Exchange Commission, Attorney's, District of Massachusetts, Materials, Urban Outfitters, Boeing —, Federal Aviation Administration, Boeing, Alaska Airlines, Street, Justice Department Locations: U.S, China
CNN —Boeing must produce within 90 days a plan to fix serious quality and safety issues, the Federal Aviation Administration said on Wednesday. The agency said FAA Administrator Mike Whitaker and Boeing CEO Dave Calhoun held a day-long meeting on Tuesday where Whitaker made the demand. The FAA said the Boeing plan must address weaknesses in implementing the company’s Safety Management System, known as SMS, as well as integrating the SMS program with another quality program. Anna Moneymaker/Getty Images North America/Getty ImagesThe panel that reported on Boeing’s safety shortcomings on Monday recommended the company address those issues within six months; the FAA’s new directive sets a faster timeline. The resulting plan from Boeing must lead to a “measurable, systemic shift in manufacturing quality control,” the FAA said.
Persons: Mike Whitaker, Dave Calhoun, Whitaker, Sen, Mark Warner, Anna Moneymaker, Max, CNN’s Chris Isidore Organizations: CNN, Boeing, Federal Aviation Administration, FAA, Max, company’s, Management, SMS, Capitol, North Locations: Washington , DC, North America
An aerial photo shows Boeing 737 Max airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, on March 21, 2019. The door plug was removed and reinstalled at Boeing's Renton, Washington 737 Max factory. The FAA is in the middle of an audit of Boeing's 737 production lines. The agency last month said it would halt Boeing's planned ramp-up of 737 Max planes until the regulator is satisfied with quality control on the company's production lines. The report was required by Congress following two crashes in 2018 and 2019 of Boeing 737 Max planes, which killed everyone on board the flights.
Persons: Bolts, Mike Whitaker, Dave Calhoun, Max Organizations: Boeing, Max, Boeing Factory, Federal Aviation Administration, Alaska Airlines, FAA Locations: Renton , Washington, Renton, Washington
Boeing's board denied a possible vote on bringing its headquarters back to Seattle. It's currently based in Virginia, but the 737 Max factory is in Renton, Washington. AdvertisementBoeing's board of directors blocked a shareholder's proposal to bring its headquarters back to Seattle, The Seattle Times reported. The manufacturer has faced increased scrutiny since a 737 Max 9 operated by Alaska Airlines lost a door plug in midair. The newspaper reported he bought the shares after the first 737 Max 8 crash.
Persons: Boeing's, It's, Max, , Walter Ryan —, Ryan, Tim Matsui, John Demers Organizations: Boeing, Service, The Seattle Times, Alaska Airlines, Federal Aviation Administration, Max, Seattle Times, Securities and Exchange Commission, SEC, Business Locations: Seattle, Virginia, Renton , Washington, Chicago
A Federal Aviation Administration report released on Monday found flaws in Boeing’s safety culture while noting that the airplane manufacturer had made some improvements since two fatal crashes involving the 737 Max 8 jet in 2018 and 2019. The report, written by a group of experts convened a year ago at Congress’ behest, found that there was a “disconnect” between senior management and other employees at Boeing. The company, the panel found, has at times been “inadequate and confusing,” in the way it carried out its safety culture. said that it would “immediately begin a thorough review of the report” and take action on its recommendations as appropriate. “We will continue to hold Boeing to the highest standard of safety and will work to ensure the company comprehensively addresses these recommendations,” the agency said.
Persons: Organizations: Federal Aviation Administration, Boeing
The Federal Aviation Administration on Monday announced the close of its investigation alongside SpaceX into the second Starship flight, as Elon Musk's company seeks a license to launch the towering rocket again. SpaceX led an investigation that the FAA oversaw into the Nov. 18 launch of a Starship prototype that reached space before being intentionally destroyed due to a problem with the rocket. "Prior to the next launch, SpaceX must implement all corrective actions and receive a license. SpaceX, in a post on its website on Monday, identified some of the issues that cut the second Starship launch short. The 17 corrective actions following the second Starship flight also represent a marked improvement from the first, which required 63 corrective actions before the rocket launched again.
Persons: SpaceX's, Elon, , Musk Organizations: Boca Chica, Federal Aviation Administration, Monday, SpaceX, FAA Locations: Brownsville , Texas
Read previewThe Federal Aviation Administration spent nearly a year investigating Boeing's safety culture, uncovering a troubling workplace culture that made safety issues difficult to report. The FAA published the results of its investigation on Monday in a scathing 50-page report detailing 27 areas where Boeing's safety procedures and culture were insufficient. Staff also did not know their role in the safety management systems, and were skeptical of the systems' lasting power. The panel said it could not pinpoint a consistent and clear process for employees to report safety concerns. The experts found Boeing's documentation of its safety management systems overly complex and constantly changing, which created a culture of confusion among the employees.
Persons: , weren't Organizations: Service, Federal Aviation Administration, FAA, Business, Boeing Max, Boeing, Alaska Airlines, National Transportation Safety, Staff
CNN —The Federal Aviation Administration issued a report Monday sharply critical of the safety culture at Boeing, following two fatal crashes and several years of safety and quality issues at the troubled aircraft maker. Its work included conducting more than 250 interviews and reviewing more than 4,000 pages of documents, and focused on both safety culture and the FAA program that delegates some aircraft certification work to Boeing employees. The panel was not charged with reporting on any specific incident involving Boeing aircraft. “However on several occasions during the expert panel’s activities, serious quality issues with Boeing products became public. In particular, it found Boeing repeatedly revised its Safety Management System – or SMS – manual, which is suppose to guide employees on procedures they should follow to insure planes are safe.
Persons: Boeing’s repreated, , Dave Calhoun, Organizations: CNN, Federal Aviation Administration, Boeing, FAA
The head of the FAA told Congress how its panel is examining sleep science to help. Despite the best efforts of pilots and air traffic controllers, sometimes collisions do happen. It said the captain was distracted and confused by instructions from air traffic controllers, while the co-pilot lost track of the plane's location. Air traffic control fatigueOne major cause of near-misses is the strained workload of air traffic controllers. "Air traffic controllers are being required to do mandatory overtime," she said.
Persons: , Mike Whitaker, Whitaker, Rich Santa, Jennifer Homendy, Paul Rinaldi, Forbes, It's, Brad Surak Organizations: FAA, Service, New York Times, American Airlines, JFK, Delta Air Lines, JetBlue, Boston Logan International, Japan Airlines, Federal Aviation Administration, National Transportation Safety Board, National Air Traffic Controllers Association, Times, National Transportation Safety, Boeing Locations: Tokyo
CNN —An Alaska Airlines passenger accused of attacking another traveler with pens wrapped in rubber bands in late January has been charged in federal court with assault with a dangerous weapon, according to court documents filed in the US District Court of Nevada on Wednesday. Lopez is scheduled to be arraigned in federal court in Las Vegas on March 1, court documents said. The other passenger, who was seated across the aisle from Lopez, is a sworn law enforcement officer, court documents say. He also said that he felt the mafia had been chasing him for months, court documents said. One witness described Lopez as “fidgety” and said he was putting on and taking off gloves during the flight, court documents said.
Persons: Julio Alvarez Lopez, Lopez, , , Aden Kahssai, “ We’re Organizations: CNN, An Alaska Airlines, Court, Las Vegas Metropolitan Police Department, FBI, Alaska Airlines, Federal Aviation Administration Locations: Nevada, Seattle, Las Vegas, Lopez, Aden
Read previewAn American Airlines flight descended into chaos on Tuesday when a traveler tried to open an emergency exit door mid-air, forcing other passengers to restrain him before he was duct-taped and zip-tied, witnesses said. "He ripped down the handle where it exposed some of the emergency exit and all the wind came rushing down," Ritz told the news outlet. Blaze Ward, one of the fliers who helped subdue the man, told KOAT-TV that the man "was resisting, but there were no punches, at least not to me." This guy opened the emergency exit door. "This guy opened the emergency exit door.
Persons: , Zach Etkind, Etkind, , Don, @DonnieDoesWorld, Emma Ritz, Daniel Lewis, Blaze Ward, Ward, we’ve, we've Organizations: Service, American Airlines, Business, Boeing, Albuquerque, CNN, Panda, Sports, Twitter, Fox News Digital, Ritz, KOAT, Federal Aviation Administration, United States Attorney's Office, District Locations: Chicago, Albuquerque , New Mexico, Albuquerque, ABQ, New Mexico
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. United Airlines is "deeply disappointed" in Boeing, its chief financial officer, Mike Leskinen, said during a Tuesday conference, Reuters reported. This story is available exclusively to Business Insider subscribers. "The [Boeing] management team in Seattle don't appear to have a grip on the situation at the moment," the Ryanair boss told Reuters. Boeing did not immediately respond to a request for comment from Business Insider, sent outside US working hours.
Persons: , Mike Leskinen, Scott Kirby, Leskinen, Kirby, Max, Pete Syme, Michael O'Leary, O'Leary Organizations: Service, Boeing, United Airlines, Reuters, Business, CNBC, Citi, Airbus, Kirby, Ryanair, Federal Aviation Administration, Alaska Airlines, FAA Locations: Toulouse, France, Seattle
A United flight from San Francisco to Boston was diverted to Denver due to a damaged wing. AdvertisementA United Airlines flight departing from San Francisco and bound for Boston was diverted to Denver after passengers spotted that parts of the plane's wing were chipped, Boston's WHDH 7News first reported on Tuesday. Clarke's video shows a plane wing with a dark blue tip descending onto a runway. In November, a United flight bound for Vancouver was diverted to San Francisco after a passenger made a bomb threat on board. And in July, a United flight diverted to Chicago after a business-class passenger was upset that his choice meal was unavailable.
Persons: , WHDH 7News, Kevin Clarke, Clarke Organizations: Passengers, Service, United Airlines, WHDH, Associated Press, AP, Federal Aviation Administration, FAA Locations: San Francisco, Boston, Denver, Maine, Vancouver, Chicago
A person walks past an unpainted Boeing 737-8 MAX parked at Renton Municipal Airport adjacent to Boeing's factory in Renton, Washington on January 25, 2024. The company's 737 program head, Ed Clark, is leaving the company, Stan Deal, CEO of Boeing's commercial airplane unit, said in memo to employees. "Ed departs with my, and our, deepest gratitude for his many significant contributions over nearly 18 years of dedicated service to Boeing," Deal said. A month after the Alaska Airlines flight, Boeing said misdrilled holes on some Max planes would delay handovers of the aircraft to airlines. The door plug that blew out of the almost brand-new 737 Max 9 used for Alaska Airlines Flight 1282 has already brought increased scrutiny and restrictions from federal regulators.
Persons: Max, Ed Clark, Stan Deal, Katie Ringgold, Deal, Elizabeth Lund, Lund, Ed, it's Organizations: Renton Municipal Airport, Boeing, Alaska Airlines, National Transportation Safety, Federal Aviation Administration, Airbus, CNBC PRO Locations: Renton, Renton , Washington, Alaska, United
How flying taxis could go mainstream
  + stars: | 2024-02-20 | by ( Sarah Sloat | ) www.businessinsider.com   time to read: +7 min
But some experts say if air taxis are going to go mainstream, an overlooked element will need to be scaled up: software. One part is the physical infrastructure, such as a vertiport — where air taxis can take off, land, and recharge. Because it’s a self-flying aircraft, there are unique software needs, Becky Tanner, the chief marketing officer at Wisk, told BI. Courtesy of VolocopterVolocopter also sees a “stand-alone business case” for VoloIQ as a third-party software, Seywald said. Getting air taxis in the skies could hinge on the customersSoftware is an essential part of the success of a mobility provider, Seywald told BI.
Persons: you’re, it’s, , Yu Yu Zhang, ” Zhang, Zhang, There’s, Susan Shaheen, ” Shaheen, Becky Tanner, ” Tanner, VoloIQ, Klaus Seywald, Seywald, Volocopter, ” Seywald, Shaheen Organizations: Newark Liberty International Airport, Infrastructure, US, AAM, Federal Aviation Administration, Center for Urban Transportation Research, University of California, Sustainability Research Center, Purdue University, Aerovy Mobility, Boeing, Wisk, Microsoft, Software, Locations: Manhattan, Berkeley, Wisk, German, Paris, Rome
Read previewTaylor Swift is getting roasted for her private jet trips — and some of them might not even be hers. Jack Sweeney, the college student known for tracking Swift and other celebrities' aircraft on social media, posted on X via the account dedicated to tracking Swift's jet: "These short flights are likely maintenance or demo flights." AdvertisementA private jet linked to Taylor Swift took two short flights on January 30. Courtesy of JetSpySwift still owns another private jet, a Dassault 7X. AdvertisementSwift has tried to mask her private jet travelsIt's far from the first time Swift has faced criticism for her jet travel.
Persons: , Taylor Swift, Stogna, Swift, Jack Sweeney, JetSpy Swift, Louis, Van, Bob Hope, Travis Kelce, Charles B, Swift's, She's, Sweeney Organizations: Service, Business, Dassault Falcon, Federal Aviation Administration, Google, Dassault, Nashville, Bob Hope Airport, BI, Chiefs, Wheeler, Airport, PIA Locations: Stogna Bologna, @1000waystoRy, Illinois, Missouri, St, Las Vegas, Burbank , California, Nashville, Los Angeles, Van Nuys, Kansas City, Kansas
Two passengers on a Southwest got into a fistfight, a video shows. 42 days into the year, there have already been 206 reports of unruly passengers. AdvertisementThe Department of Transportation issued a reminder to fliers to behave on flights after two passengers had a fistfight in midair. A video obtained by the outlet shows concerned passengers and crew getting between them and trying to calm them down. Advertisement42 days into the year, the Federal Aviation Administration has already received 206 reports of unruly passengers.
Persons: , you've Organizations: Service, of Transportation, Hawaii, NBC Bay Area, Federal Aviation Administration, Department of Transport Locations: Oakland , California, Hawaii
Space startup Varda received long-awaited approval from the Federal Aviation Administration to bring its first spacecraft back to earth after a stint manufacturing drugs in space. Varda's small W-Series 1 capsule, or W-1, has been stuck in orbit since it launched eight months ago. The FAA's approval means Varda will try to land the W-1 mission on Feb. 21. The W-1 mission is a demonstration of the company's automated in-space manufacturing process. The company previously said it expects to return a few kilograms of manufactured material on the W-1 mission.
Persons: Varda Organizations: Federal Aviation Administration, Air Force's Utah, FAA Locations: Utah, United States
An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. The company handed over 27 planes last month, its lowest tally since September, compared with 67 deliveries in December. It sold three Boeing 737 Max planes, but also logged three cancellations. The three gross orders come after a big December when Boeing sold 371 planes. Boeing's January deliveries included three Max planes to Chinese customers, the first in about four years.
Persons: Max, Dave Calhoun, Calhoun, Mike Whitaker, Whitaker Organizations: Boeing, Boeing Factory, Airbus, Alaska Airlines, National Transportation Safety, Federal Aviation Administration, FAA, CNBC Locations: Renton , Washington , U.S, Portland , Oregon, Renton , Washington, Renton
WASHINGTON (AP) — Federal accident investigators are pushing to retrofit current aircraft with better cockpit voice recorders, citing the loss of evidence during last month's blowout of a door panel on a jetliner flying over Oregon. The National Transportation Safety Board said Tuesday that the Federal Aviation Administration should require many current planes to have recorders that can capture 25 hours of audio, up from the current standard of two hours. The FAA announced late last year a proposal to require the 25-hour standard but only on new planes. The FAA received about 115 comments about its proposal during a comment period that ended Feb. 2. Photos You Should See View All 22 ImagesCockpit voice recorders, or CVRs, are designed to capture conversations between pilots and any other noises that might help investigators understand the circumstances of an accident.
Persons: don’t, , Jennifer Homendy, Organizations: WASHINGTON, , The National Transportation Safety, Federal Aviation Administration, FAA, European Union Aviation Safety Agency, United, Alaska Airlines, NTSB, Air Canada Locations: Oregon, Europe, San Francisco
Airfare fell 6.4% in January from a year earlier, the Labor Department said in its monthly consumer price index report on Tuesday. January is typically a slower month for travel as customers take fewer trips following the New Year's holiday. The drop comes even though carriers are facing capacity constraints this year, in part because of an engine recall from Pratt & Whitney , congested airspace and delayed aircraft deliveries. In 2023, airlines had been forced to discount flights, particularly in off-peak periods, after the industry added capacity. ...Those operating environment challenges led directly to industry capacity plans, including our own, coming down 3 points on average as carriers adapted to the new operating environment," Kirby said.
Persons: Airfare, TD Cowen, Helane Becker, Hopper, Ed Bastian, haven't, Bastian, Max, Scott Kirby, Kirby Organizations: Labor Department, Pratt & Whitney, Airlines, Delta, Boeing, Max, Federal Aviation Administration, Company, United Airlines, International Air Transport Association, CNBC PRO Locations: Southwest, Alaska, United
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