by AIP Online Bureau | May 18, 2025 | Eco/Invest/Demography, International News, Risk Management
The agreement would forestall a June 23 trial the planemaker faces on a fraud charge it misled U.S. regulators about a crucial flight control system on the 737 MAX, its best-selling jet WASHINGTON: Families of some of the 346 people killed in two fatal Boeing 737 MAX...
by AIP Online Bureau | Apr 8, 2025 | International News, Risk Management
Boeing agreed in July to plead guilty to a criminal fraud conspiracy charge and pay a fine of up to $487.2 million. A judge set a June 23 trial date if no final agreement is reached. U.S. plane maker Boeing Co reached settlements with the families of two people who...
by AIP Online Bureau | Apr 5, 2025 | Eco/Invest/Demography, International News, Risk Management
Howmet’s rare legal declaration does not mean that supplies will automatically be halted or disrupted but opens the door to the supplier potentially claiming it cannot meet its contracts if impacted by the emergency order. any successful declaration of force...
by AIP Online Bureau | Feb 6, 2025 | Eco/Invest/Demography, Indian News, Non-Life
“People will have greater access to air travel, and the region’s airlines will require a modern fuel-efficient fleet to meet increased demand over the next two decades,” said Ashwin Naidu, Boeing’s managing director of commercial marketing for...
by AIP Online Bureau | Jan 17, 2025 | Disaster & Management, International News, Non-Life, Reinsurance
The ministry suspects that both engines shut down shortly before the pilot attempted an emergency landing, depriving the aircraft of almost all electrical power as it touched down. The plane’s two black boxes, the flight data recorder and cockpit voice recorder, both...
