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Persons: Mizuho, Bernstein, Chipotle, CFRA, Morgan Stanley, Goldman Sachs, Goldman, Levi's, it's, Wells, Richard Dickson, Katrina O'Connell, Tesla, underperform Bernstein, it's bullish, Baird, Semtech, Jefferies, underperform Jefferies, Invivyd, Evercore, TD Cowen Organizations: Mizuho, Sands, MGM, Nvidia, Blackwell, Seagate, Nasdaq, UBS, JPMorgan, Taiwan Semiconductor, Navy, Micron, MU, Citi, Plains Energy, Bank of America, Spotify, Netflix, Apple Locations: Macau, Singapore, Westar, Kansas, Missouri, Argentina, Uruguay, Paraguay, China
“Due to recent safety events, the FAA is increasing oversight of United Airlines to ensure that it is complying with safety regulations; identifying hazards and mitigating risk; and effectively managing safety,” an FAA spokesperson said in a statement. The civil aviation authority’s stepped up oversight comes after a United Boeing 737-800 landed in Medford, Oregon, missing an external panel on March 15. In just the last month, another United Boeing plane spewed flames from an engine after taking off, one slid off the runway, one lost a wheel during takeoff and another trailed hydraulic fluid. The FAA did not specify what future projects may be delayed by its evaluation, but on Saturday, Bloomberg reported the agency is considering preventing United Airlines from adding new routes, curbing the airline’s growth. Last week, a LATAM Airlines Boeing plane flying from Sydney, Australia, to Auckland, New Zealand, suddenly plunged in midair, injuring some passengers as they were thrown to the cabin’s ceiling.
Persons: authority’s, ” United, , CNN’s Gregory Wallace, Chris Isidore, Pete Muntean Organizations: CNN, Federal Aviation Administration, United Airlines, FAA, United Boeing, Boeing, Bloomberg, United, , Alaska Airlines Boeing, Max, LATAM Airlines Boeing Locations: Medford , Oregon, United, Sydney, Australia, Auckland , New Zealand
CNN —The Federal Aviation Administration will take a closer look at safety at United Airlines after a string of nearly a dozen incidents this month, the airline said in a memo Friday. While no passengers were injured, the incident was just one in a line of recent mishaps on United flights – all involving Boeing jets. In just the last month, another United Boeing plane spewed flames from an engine after taking off, one slid off the runway, one lost a wheel during takeoff, and yet another trailed hydraulic fluid. In a statement, the FAA said its “safety assurance system routinely monitors all aspects of an airline’s operation. Still, United Airlines CEO Scott Kirby has said he would look into the possibility of buying more jets from Airbus, Boeing’s European competitor.
Persons: ” United, Scott Kirby, Pete Muntean, Chris Isidore Organizations: CNN, Federal Aviation Administration, United Airlines, FAA, , United Boeing, Boeing, Alaska Airlines Boeing, Max, LATAM Airlines, National Transportation, Safety, Alaska Air, Airbus, Boeing’s Locations: Medford , Oregon, United, Sydney, Australia, Auckland , New Zealand
On Friday in a United Boeing 737-800 landed in Medford, Oregon, with a panel from the underside of the fuselage missing. Earlier this month, United suffered a series of four incidents, all involving Boeing jets . A United Boeing 737-900ER spewed flames from an engine after takeoff from Fort Meyers, Florida, a United Boeing 777 lost a wheel during takeoff from San Francisco, a United Boeing 737 Max slid off a runway in Houston, and a United Boeing 777 trailed hydraulic fluid leaving Sydney. The age of the aircraft in the United incidents suggest that the cause could lie with United personnel, rather than Boeing’s well documented quality issues. And its fleet of 737 Max 9 jets were grounded for three weeks in January following the incident at Alaska Air.
Persons: Scott Kirby, Max, , ” Kirby, Kirby Organizations: Washington DC CNN — United Airlines, Boeing, , United Boeing, United, Alaska Airlines Boeing, Max, Latam Airlines, National Transportation Safety Board, Alaska Air, FAA, Airbus Locations: Medford , Oregon, Fort Meyers , Florida, San Francisco, Houston, Sydney, Australia, Auckland , New Zealand, Alaska
CNN —Running to the tail of Boeing’s 787 Dreamliner is an umbilical cord carrying a rapid play-by-play of virtually every flight feature. The 787 Dreamliner — one of Boeing’s more recently developed aircraft — feeds data into the flight data recorder through a system called the Common Data Network, which some compare to the human body’s central nervous system. The Federal Aviation Administration used this data after ungrounding Boeing’s 737 Max in late 2020 to track every Max flight. Some aircraft also carry a Quick Access Recorder (QAR) that is not hardened like the FDR but tracks the same data. When US Air flight 427 crashed three years later near Pittsburgh, the FDR recorded 11 parameters.
Persons: FDR, , Peter Goelz, Goelz, Kathleen Bangs, Max Organizations: CNN, FDR, LATAM Airlines, Street Journal, National Transportation Safety Board, US National Transportation Safety Board, International Civil Aviation Organization, Federal Aviation Administration, Aircraft Communications, United Airlines, US Air, NTSB Locations: France, Australia, United Kingdom, Pittsburgh
The S&P 500 declined 0.7% and the Nasdaq Composite fell 1%. Turbulence for airline stocksAirline stocks have also been pummeled this week, as years of safety issues at Boeing continue to plague the industry. The NYSE Arca Global Airline index, which tracks the performance of major American and overseas airlines, is on track to end the week 2.2% lower. But Liz Young, head of investment strategy at SoFi, notes that the S&P 500 hasn’t seen a one-day decline of 2% or more since last February. AI up-and-comer Super Micro Computer will join the benchmark S&P 500 index on Monday.
Persons: New York CNN — Stocks, shrugged, Gold, Bitcoin, Dow, Price, , Ken Tjonasam, Max, Robert Jordan, Liz Young, Young, “ It’s, What’s, Jensen Huang Organizations: New, New York CNN —, Federal Reserve, Nasdaq, Dow, Global, Airline, Boeing, Latam, Wall, Southwest Airlines, Airbus, “ Boeing, , JPMorgan Chase, NYSE Arca, Nvidia, Computer, Investors, Federal, Market Committee, Fed, National Association of Home Builders, Census Bureau, National Association of Realtors Locations: New York, Australia, New Zealand, Wells Fargo
50 people were injured when a Boeing 787 suddenly dropped in midair on Monday. The WSJ reports the pilot's seat was moved into the controls when a flight attendant hit a switch. AdvertisementMonday's Latam Airlines incident might have been caused by a flight attendant accidentally hitting a switch in the cockpit, The Wall Street Journal reported. The Boeing 787 Dreamliner was flying from Sydney to Auckland when it suddenly dropped. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Boeing, Latam Airlines, Service, Street Journal, New Zealand Herald, Business Locations: Sydney, Auckland
Boeing has told airlines to check the cockpit seats of its 787 Dreamliner plane, the company said on Friday, after a Latam Airlines plane suddenly plunged on a flight to Auckland, New Zealand, on Monday, injuring passengers. Aviation regulators are investigating the incident and have not released any findings. In a statement, Boeing said it had reminded airlines of a safety memo from 2017 that instructed them on how to inspect and maintain switches on flight deck seats. “The investigation of Flight LA800 is ongoing and we defer to the investigation authorities on any potential findings,” the company said. “We are recommending operators perform an inspection at the next maintenance opportunity,” it added.
Organizations: Boeing, Airlines, Street, Aviation Locations: Auckland , New Zealand
New York CNN —A terrifying plunge on a Latam Airlines Boeing 787 Dreamliner flight earlier this week might have been caused by a mistake made in the cockpit, and not any flaw in the Boeing jet, according to a report in the Wall Street Journal. Dozens of passengers were injured when the plane plunged, as some were thrown to the ceiling of the cabin. Boeing did not comment on the report. Latam on Monday said the plane “had a technical event during the flight which caused a strong movement,” adding it had landed as scheduled in Auckland. Asked about indications the problem with the flight was a cockpit mishap, the airline told the Journal the company is working with authorities on the investigation, but declined to comment further until the investigation is finished.
Persons: Latam, didn’t Organizations: New, New York CNN, Latam Airlines Boeing, Boeing, Street, CNN, Journal, CNN Tuesday Locations: New York, Auckland
Boeing is telling airlines to inspect switches on pilots' seats in its 787 Dreamliner jets after a published report said an accidental cockpit seat movement likely caused the sudden plunge of a LATAM Airlines plane flying to New Zealand. Boeing said Friday it recommended that airlines inspect the motorized cockpit seats the next time they perform maintenance on their 787s. It did not link the memo to what happened this week on a LATAM Airlines flight between Australia and New Zealand. The Federal Aviation Administration said, however, that the Boeing memo was issued “in response to the incident on LATAM Flight 800." The version involved in the LATAM flight can carry up to about 300 passengers.
Organizations: Boeing, LATAM Airlines, LATAM, Federal Aviation Administration, FAA, ” Passengers, Auckland Airport, United Airlines, American Airlines, Street Journal, Alaska Airlines, Max, National Transportation Safety Board, Justice Department Locations: New Zealand, Australia, Chile, Auckland, Oregon
A Latam Airlines Boeing 787 dropped midair Monday, injuring at least 50 people. If true, that would be reminiscent of when a military Airbus A330 suddenly nose-dived in 2014. A pilot-seat mishap sent a military Airbus A330 plummetingTen years ago, on February 9, 2014, a Royal Air Force Airbus A330 plummeted 4,400 feet in about 30 seconds. The Boeing 787 system involved has a fly-by-wire system, but instead of a side-stick, the planemaker has installed the traditional yoke. A Singapore Airlines Boeing 787 flight simulator shows the fly-by-wire system uses a yoke instead of the Airbus' side-stick.
Persons: , Paul Crouch, RAF Brize, armrest, Taylor Rains Organizations: Latam Airlines Boeing, Airbus, Service, CNN, Street, Royal Air Force Airbus, British military's Voyager, RAF, RAF Brize Norton, UK's Military Aviation Authority, Military Aviation, Boeing, Singapore Airlines Boeing Locations: Sydney, Auckland , New Zealand, Kabul, Bastion, Afghanistan
New York CNN —Dealmaking is the lifeblood of Wall Street. But analysts say that funding cuts in the plan could end up harming mergers and acquisitions on Wall Street, squashing hopes of a recovery in dealmaking. The bad news: Recent regulations and proposed budget cuts threaten to step on those green shoots before they’re able to flower. Why it matters: Dealmaking isn’t just good for Wall Street. Shares of the stock are down nearly 30% so far this year after its seemingly nonstop streak of bad luck.
Persons: New York CNN — Dealmaking, Joe Biden, squashing, It’s, Goldman Sachs, , Lucille Jones, Jones, Mitch Berlin, Biden, , ” Berlin, That’s, Hewlett Packard, , TikTok —, Brian Fung, TikTok, Shou Chew, Nadya Okamoto, Okamoto, Teddy Siegel, Siegel, David Goldman, LATAM, it’s, Max Organizations: CNN Business, Bell, New York CNN, Wall, LSEG, Federal Reserve, Federal Trade Commission, Department of Justice, Congressional, Office, CNN, Discover Financial Services, Hewlett, Juniper Networks, Target, Boeing, Alaska Airlines, United Airlines, The National Transportation Safety, Federal Aviation Administration, FAA, NTSB Locations: New York, dealmaking, EY, Berlin, , LSEG, Australia, New Zealand, Newark
How do we solve a problem like Boeing?
  + stars: | 2024-03-13 | by ( Allison Morrow | ) edition.cnn.com   time to read: +6 min
New York CNN —It took decades for Boeing to build a reputation as one of the most reliable companies on the planet. The latest headache for Boeing came Monday, when a 787 Dreamliner flying from Australia to New Zealand plunged suddenly mid-flight, injuring several passengers. It’s not clear what, if any, culpability Boeing has here — it said it’s gathering information about what went wrong. So, how do we solve a problem like Boeing? “This can be really as big as a financial crisis,” considering how many businesses around the world rely on Boeing planes.
Persons: CNN Business ’, Tesla, Brian Jokat, it’s, can’t, ” Gad Allon, , ” Allon isn’t, Matt Stoller, ” Stoller, that’s, “ There’s, ” Allon Organizations: CNN Business, New York CNN, Boeing, American, Regulators, Latam Airlines, CNN, Wall Street Journal, FAA, Airbus, Pilots, University of Pennsylvania’s Wharton School of Business, American Economic Liberties, Boeing isn’t Locations: New York, Australia, New Zealand, American
The black boxes hold data crucial to understanding what caused the Boeing jet to suddenly drop during the flight from Australia to New Zealand, causing dozens of passengers to be treated for injuries. The US manufacturer has faced harsh criticism for a series of recent safety and quality issues in its aircraft. A series of investigationsChile’s Directorate General of Civil Aeronautics (DGAC) is leading the investigation into the black boxes as the plane was registered in the country. The Boeing jet remains in Auckland and will also be assessed by the Chilean investigators. “I immediately engaged with him and said, ‘What was that?’ And he openly admitted, he said, ‘I lost control of the plane.
Persons: Hato Hone, Hato Hone St John, Brian Jokat, , ” Jokat, STCLA, ” STCLA, Max, Chris Isidore, Kathleen Magramo, Manveena Suri, Alex Stambaugh Organizations: CNN, New, Boeing, LATAM, Civil Aeronautics, Investigation, LATAM Airlines, Hato, Hato Hone St, Hato Hone St John Ambulance, Chilean Boeing, , Alaska Airlines, US National Transportation Safety, National Transportation Safety Board, Federal Aviation Administration, FAA Locations: New Zealand, Australia, Auckland, Chilean
Boeing 's recent troubles have put some pilots on high alert when they enter the cockpit. On Tuesday, Southwest and Alaska Air said their flying plans were at risk amid Boeing's ongoing quality-control concerns. "Every airline is basically fighting to ensure that their network plan is not undermined by this failure of Boeing," said Tajer, a Boeing 737 captain. Despite the time he spent flying Boeing 707s in Desert Storm for the U.S. Air Force, Tajer said he thinks about the dangers of flying more than he ever has before. "I was in the military and Boeing planes saved my tail many times in combat," Tajer said.
Persons: Dennis Tajer, CNBC's, Tajer Organizations: Boeing, Allied Pilots Association, American Airlines, LATAM Airlines, Alaska Air, U.S . Air Force Locations: Australia, New Zealand, Southwest, Desert Storm
At least 50 people were injured Monday by what LATAM Airlines described as a “strong movement” on the Chilean plane traveling from Sydney to Auckland, New Zealand. “Some of the roof panels were broken from people being thrown up and knocking through the plastic roof panels in the aisle ways. Passengers were met by paramedics and more than 10 emergency vehicles when the flight touched down in Auckland. “If you were in your seat, you went straight up to the ceiling and bounced off the roof. I just happened to be one of the lucky ones who was strapped in for that incident,” Jokat told ABC.
Persons: Brian Jokat, , LATAM, LA800, ” Jokat, Organizations: SYDNEY, LATAM Airlines, Boeing, Auckland Airport, ABC, ” LATAM Airlines, Passengers Locations: Australia, New Zealand, Sydney, Auckland , New Zealand, Santiago, Chile, Auckland
A LATAM Airlines pilot reportedly told a passenger that he had momentarily "lost control" of the plane. A passenger told CNN the pilot said the plane's gauges "just kind of went blank on me." AdvertisementAfter the flight landed, passenger Brian Jokat told CNN that he spoke to the pilot, who he said told him: "My gauges just kind of went blank on me." Jokat told CNN that he had been sleeping when the plane "dropped something to the effect of 500 feet instantly." The flight landed in Auckland on schedule, the airline said in its statement, while apologizing for "any inconvenience and discomfort" from the incident.
Persons: , Brian Jokat, Jokat, I'm, Lucas Ellwood, Ellwood Organizations: LATAM Airlines, CNN, Service, LATAM Airways, Boeing, New Zealand Herald, ABC Locations: Sydney, Auckland, New Zealand
Boeing is in big trouble
  + stars: | 2024-03-12 | by ( David Goldman | ) edition.cnn.com   time to read: +4 min
LATAM called it a “technical event.” Boeing said it’s working to gather more information. Between lawsuits, potential fines and lost business, Boeing could lose billions more dollars from the blowout. In February, pilots on a United Airlines 737 Max reported that the flight controls jammed as the plane landed in Newark. The FAA is allowing the planes to continue flying and Boeing said the problem does not pose an immediate safety risk. And the FAA said Boeing’s safety and quality problems extend beyond its inability to produce paperwork.
Persons: CNN —, LATAM, it’s, Max, Mike Whitaker, ” Whitaker, Whitaker, , ” Boeing’s, It’s, CNN’s Colin McCullough, Greg Wallace Organizations: CNN, Boeing, Alaska Airlines, United Airlines, The National Transportation Safety, Federal Aviation Administration, FAA, NTSB Locations: Australia, New Zealand, Newark
The incident aboard LATAM Airlines flight 800 from Sydney to Auckland is the latest to hit troubled aircraft manufacturer Boeing, which has been rocked by years of quality and safety issues. After landing in Auckland, Jokat said the pilot checked on the passengers and explained he had temporarily lost control of the jet. “I immediately engaged with him and said, ‘What was that?’ And he openly admitted, he said, ‘I lost control of the plane. “He said for that brief moment he couldn’t control anything and that’s when the plane did what it did. Meanwhile, the Federal Aviation Administration in February flagged safety issues with engine anti-ice systems on the 737 Max and larger 787 Dreamliner.
Persons: Brian Jokat, ” “, I’m, , CNN’s Erin Burnett, Jokat, , ” Jokat, , LATAM, Dean Purcell, Max, Mike Whitaker, Whitaker Organizations: CNN, Boeing, LATAM Airlines, CNN Tuesday, Alaska Airlines, Federal Aviation Administration, FAA Locations: Australia, New Zealand, Sydney, Auckland
CNN —A group of passengers on board a LATAM Airlines flight that experienced a mid-air drop while traveling to New Zealand arrived in Chile on Tuesday, with two of them speaking to a CNN team at Santiago International Airport. “The experience was horrible,” said Chilean resident Verónica Martínez, who was on flight LAN800 from Australia to New Zealand on Monday. She described that moment as being on a “roller coaster.”Dozens of people were injured after LATAM Airlines flight 800 from Sydney, Australia to Auckland, New Zealand experienced a “technical event” on Monday that produced a sudden movement, the flight operator reported. A team of Chilean aviation authorities has been sent to Auckland to investigate the incident, Chile’s Directorate General of Civil Aeronautics (DGAC) said on Tuesday. The affected passengers and cabin crew “received immediate assistance and were evaluated or treated by medical staff at the airport as needed,” LATAM Airlines said in a statement to CNN.
Persons: , Verónica Martínez, , ” Martínez, Diego Valenzuela, Valenzuela, Hato Hone, Hato Hone St John, Organizations: CNN, LATAM Airlines, Santiago International, New Zealand, Chile’s, Civil Aeronautics, Hato, Hato Hone St, Hato Hone St John Ambulance Locations: New Zealand, Chile, Australia, New, Sydney, Auckland , New Zealand, Santiago from Auckland, Auckland
John Barnett, 62, worked for over three decades at Boeing, including as a quality manager at a 787 plant. AdvertisementA former Boeing manager who flagged concerns about the aircraft manufacturer's quality standards was found dead in South Carolina on Saturday. Boeing told Business Insider in a statement: "We are saddened by Mr Barnett's passing, and our thoughts are with his family and friends." AdvertisementBarnett's lawyer, Brian Knowles, said the former Boeing manager was supposed to report for the third day of his deposition on Friday, per the Corporate Crime Reporter. Barnett's lawyers asked his hotel to check on the whistleblower, and he was found dead in his vehicle, Knowles told the Corporate Crime Reporter.
Persons: John Barnett, Barnett, , Mr Barnett's, I'd, Barnett's, Brian Knowles, Knowles Organizations: Boeing, Service, BBC, Business, New York Times, Federal Aviation Administration, Alaska Airlines, Latam Airlines Locations: South Carolina, Charleston, North Charleston
A Latam Airlines Boeing 787 experienced a sudden midair drop on Monday, injuring at least 50 people. Dozens of turbulence-related injuries have been seen on other carriers like Lufthansa and Delta. AdvertisementA passenger on the Boeing 787 that suddenly dropped midair over the Pacific on Monday described a scary scene. In an interview with CNN on Tuesday, Latam Airlines Flight 800 passenger Brian Jokat said the plane "dropped something to the effect of 500 feet instantly," jolting him awake. The "fasten seatbelt" sign was on at the time, airline Chief Operating Officer Jon Snook said, HawaiiNewsNow reported.
Persons: , Brian Jokat, I'm, Rolanda Schmidt, Melissa Matteso, Jon Snook, HawaiiNewsNow, Bill Duncan, Taylor Organizations: Latam Airlines Boeing, Lufthansa, Delta, Service, Boeing, Pacific, CNN, Latam, RNZ, New Zealand Herald, US National Transportation Safety Board, Airlines, Lufthansa Airbus, Washington Post, Lufthansa Flight, Hawaiian Airlines Airbus, Sydney Morning Herald, Delta Air Lines, Norwegian Air Shuttle, Alaska Airlines Boeing, NTSB, The Weather Company, Business, Allegiant Locations: Sydney, Auckland , New Zealand, Austin, Washington, Frankfurt, Honolulu
CNN —Dozens of people were injured after a flight from Australia to New Zealand experienced a “technical event” that produced a sudden movement, according to the flight’s operator, with witnesses telling local media passengers were suddenly thrown around the cabin. “Flight LA800, operating the Sydney — Auckland route today, had a technical event during the flight which caused a strong movement,” the statement said, which added the plane landed as scheduled in Auckland on Monday. The statement did not elaborate on what the technical event was. LATAM Airlines is Chile’s flagship carrier and stops regularly in Auckland en route to Santiago. Valentina suffered minor injuries but was treated by medical crew once the plane landed.
Persons: Hato Hone, Hato Hone St John, , St John Ambulance, Jacinto, , Valentina Organizations: CNN, Hato, Hato Hone St, Hato Hone St John Ambulance, LATAM Airlines, Sydney, St, Auckland International Airport, RNZ, Locations: Australia, New Zealand, Auckland, Sydney — Auckland, Santiago
Latam, a Chilean airline, provided no specifics about the technical problem that it said had caused the disturbance. One passenger, who said she was a former flight attendant, told The New Zealand Herald that there had been a “quick little drop” during the flight, Latam Airlines Flight 800. Aircraft tracking information from Flight Aware showed a gap of roughly an hour for which no data was available. The plane, a Boeing 787-9 Dreamliner, was met at Auckland International Airport by 14 emergency vehicles, including seven ambulances, according to the city’s ambulance service, Hato Hone St. John. Ambulance crews treated about 50 people at the scene, including the person in serious condition; the others were in “moderate to minor condition,” the service said.
Organizations: Latam, New Zealand Herald, Aircraft, Boeing, Auckland International Airport, Hato Hone St, John . Ambulance Locations: Auckland, New, Chilean, Hato Hone
A Latam Airlines Boeing 787 experienced a "technical event" that caused a sudden drop. AdvertisementAt least 50 passengers were injured on a Latam Airlines flight on Monday, the New Zealand Herald first reported. The Boeing 787 Dreamliner traveling from Sydney to Auckland experienced a technical problem that caused the jet to drop suddenly, the newspaper reported. In its statement, Latam said 10 people were taken to hospital with no serious injuries reported. Although, the ambulance service told the Herald it had treated 50 people, of whom 12 were sent to the hospital.
Persons: , Latam Organizations: Latam Airlines Boeing, New Zealand Herald, Service, Latam Airlines, Boeing, Business, Herald, Auckland Airport Locations: Sydney, Auckland, Santiago, Chile
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