The leader of the Federal Aviation Administration stepped down from his position mere months after billionaire Elon Musk demanded that he do so, meaning that the FAA is missing a chief in the aftermath of the worst aviation disaster in the US in years.
Musk has publicly clashed with the FAA and its former chief, Michael Whitaker. The Federal Aviation Administration is facing its first major aviation disaster in 16 years without a leader because Elon Musk helped push him out.
Boeing argued that the exemption would enable quicker certification and delivery of the 737 MAX 7 and 737 MAX 10 aircraft.
BA stock, with -32% returns since the beginning of 2024, has significantly underperformed the S&P 500 index, up 27%.
Boeing said on Tuesday it was making progress on increasing plane production, and its shares jumped nearly 8%, despite the company recording its biggest annual loss in four years.
President Donald Trump's nominee to head the U.S. Transportation Department said he will keep in place a cap on production of Boeing 737 MAX planes put in place after a mid-air panel blowout last year until he is satisfied it can be safely raised.
Boeing posted weaker-than-expected Q4 2024 earnings as labor strikes and defense program charges weighed heavily on its results.
On today’s briefing we talk about DeepSeek’s impact on travel, AirAsia Move’s new chairman, and Boeing’s sunny take on cloudy earnings.
The collision between an American Airlines Group Inc. regional jet and a military helicopter near Ronald Reagan airport in Washington left no survivors on board the two aircraft.
Prior to his appointment, Sean Duffy served as a Wisconsin congressman and district attorney and before that he was a reality TV star.
Sean Duffy, the new transportation secretary, is facing his first major crisis just hours after his swearing-in. Duffy, who was confirmed by the Senate Tuesday, quickly emerged as a public face of the federal government's response to the deadly plane crash at Reagan National Airport,