Monday, June 29, 2020 1:37:05 PM
Boeing, Raytheon Technologies Corp. share gains lead Dow's nearly 500-point rally
https://www.marketwatch.com/story/boeing-raytheon-technologies-corp-share-gains-lead-dows-nearly-475-point-rally-2020-06-29?siteid=yhoof2&yptr=yahoo
Boeing Gets Go-Ahead for Test Flights of Its Troubled 737 Max
The flights, which could begin as soon as Monday, are a major step in getting the plane flying again.
https://www.nytimes.com/2020/06/28/business/boeing-737-max-faa.html
Boeing has received Federal Aviation Administration approval to start test flights of its 737 Max to demonstrate that it can fly safely with new flight control software.
The certification flights, conducted by F.A.A. pilots, will probably take place in the Seattle area, where the plane is made. A top Boeing test pilot will also be on the flights. “Testing is expected to take several days, and will include a wide array of flight maneuvers and emergency procedures to enable the agency to assess whether the changes meet F.A.A. certification standards,” the agency said in an email on Sunday to Senate and House oversight committee staff members.
If the flights are successful, it could still be months before the planes are deemed ready to fly again. If the F.A.A. identifies further problems, Boeing may need to make additional changes. The crashes were caused in part by anti-stall software on the Max, known as MCAS, which automatically pushed the nose of the planes downward. Boeing developed a fix for the software, though regulators have identified other problems since.
F.A.A. officials will spend a week or more preparing a report detailing their findings from the flights. Once that is complete, Boeing will submit a package of materials to the agency that will include details of the new software and how it was designed and tested.
The Max crisis has dealt a devastating blow to Boeing’s business. In January, the company estimated that costs associated with the grounding will exceed $18 billion, but that was before the disastrous spread of the coronavirus. The three carriers in the United States that operate the Max — Southwest Airlines, American Airlines and United Airlines — have canceled thousands of flights in recent months. At Air Canada, some pilots who were licensed to fly the Max but not other planes in the carrier’s fleet, had to stop flying after the grounding.
https://www.marketwatch.com/story/boeing-raytheon-technologies-corp-share-gains-lead-dows-nearly-475-point-rally-2020-06-29?siteid=yhoof2&yptr=yahoo
Boeing Gets Go-Ahead for Test Flights of Its Troubled 737 Max
The flights, which could begin as soon as Monday, are a major step in getting the plane flying again.
https://www.nytimes.com/2020/06/28/business/boeing-737-max-faa.html
Boeing has received Federal Aviation Administration approval to start test flights of its 737 Max to demonstrate that it can fly safely with new flight control software.
The certification flights, conducted by F.A.A. pilots, will probably take place in the Seattle area, where the plane is made. A top Boeing test pilot will also be on the flights. “Testing is expected to take several days, and will include a wide array of flight maneuvers and emergency procedures to enable the agency to assess whether the changes meet F.A.A. certification standards,” the agency said in an email on Sunday to Senate and House oversight committee staff members.
If the flights are successful, it could still be months before the planes are deemed ready to fly again. If the F.A.A. identifies further problems, Boeing may need to make additional changes. The crashes were caused in part by anti-stall software on the Max, known as MCAS, which automatically pushed the nose of the planes downward. Boeing developed a fix for the software, though regulators have identified other problems since.
F.A.A. officials will spend a week or more preparing a report detailing their findings from the flights. Once that is complete, Boeing will submit a package of materials to the agency that will include details of the new software and how it was designed and tested.
The Max crisis has dealt a devastating blow to Boeing’s business. In January, the company estimated that costs associated with the grounding will exceed $18 billion, but that was before the disastrous spread of the coronavirus. The three carriers in the United States that operate the Max — Southwest Airlines, American Airlines and United Airlines — have canceled thousands of flights in recent months. At Air Canada, some pilots who were licensed to fly the Max but not other planes in the carrier’s fleet, had to stop flying after the grounding.
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