Apr 12 2019
"We now know that the recent Lion Air Flight 610 and Ethiopian Airlines Flight 302 accidents were caused by a chain of events, with a common chain link being erroneous activation of the aircraft's MCAS (Maneuvering Characteristics Augmentation System) function", noted Muilenburg in a new statement.
The two US airlines are bracing for a long-term grounding, days after the FAA confirmed that the update of the Boeing 737 MAX would not be ready for "weeks".
Boeing's stock dipped almost 2% in after-hours trading Friday.
Boeing acknowledged the sensor malfunctioned and Muilenburg said last week that a new software upgrade would prevent future episodes. Boeing and the FAA have been under inquiry since the collapses and the plane has been suspended from mid-March after the fatal accidents that killed 346 people onboard the jets.
Lawyer Michael Indrajana said that since the crash, families in Indonesia have faced a complicated and painful process against Boeing and Lion Air in their battle to get compensation.
"Our analysis shows the cut positions Boeing to generate zero cash in 2019 if deliveries don't resume, protecting its financial health and ratings".
Health Care Reform Vote After GOP Win in 2020
They want to take away the ability of young people to stay on their parents' insurance until age 26. They had no comprehensive proposal to replace the ACA law and no big plans to unveil one.
Kushner not focus of White House whistleblower's security-clearance complaint
Newbold added: "I feel that right now this is my last hope to really bring the integrity back into our office". Mr Kline also approved a clearance for that unnamed official.
Manchester City playing with one eye on the quadruple, says Alyson Rudd
Liverpool's Mohamed Salah celebrates after Tottenham's Toby Alderweireld scored an own goal and Liverpool's second, March 31, 2019.
Morningstar also said the announcement likely meant a longer grounding period, estimating that earnings would decline $1.11 per share.
Despite Boeing's decision to cut production of all 737 aircraft models from 52 to 42 a month, Spirit Aerosystems will continue to produce 52 shipsets for the 737 each month, a Spirit spokesperson said Monday. "Accordingly we believe suppliers will not be able to accommodate any Boeing request", Ciarmoli said. Although the Boeing story will be "volatile" in next few months, the company should do well in time, it said.
"We now assume the Max grounding will last at least until July 2019 in a best-case scenario. the move to 42/month on the 737 indicates to us greater uncertainty on the near- and longer-term outlook for the program and the stock", Canaccord Genuity analyst Ken Herbert said in a note.
Shares of Southwest fell another 2.6% in trading Monday following the downgrade.
BAC analyst Ronald Epstein said that he now expects normalization in deliveries of 737 Max series planes to take six to eight months, which is way higher than his earlier projection of three to six months.
Indonesian airline Garuda is the only company so far to publicly disclose it has cancelled an order for the planes.
Apr 12 2019
Doctor finds four live bees inside woman's eye feasting on her tears
The species, Halictidae, are common across the world, and got their name from their attraction to the salts in human sweat. The woman, identified only by her surname "He", had tried to wash out her eye but the pain got worse and it swelled up.
Apr 09 2019
Fortnite Dev Update Reveals Reboot (Respawn) Van Release Date
After doing so, any teammate can go to a Reboot Van and activate it to make allies respawn on top of the van, one by one. Essentially if you're playing squads and one of your teammates gets eliminated early, they will leave a reboot card .
Apr 08 2019
Final words of tragic rapper Nipsey Hussle revealed
Los Angeles radio station Power 106 FM will reportedly stop playing the rapper's music due to his disrespectful behavior. Kodak later returned to Instagram Live to apologize. "Man, listen.
Apr 07 2019
Olivia Mehaffey prepares to make history after qualifying to play at Augusta
Fassi's tee shot stayed on the top shelf, leading to a three-putt that put the tournament in Kupcho's hands. The event is 54 holes of stroke play, with a cut to 30 players taking place after 36 holes.
Apr 07 2019
Why NASA need not worry about India's ASAT test
Recently, National Aeronautics and Space Administration (NASA) chief Jim Bridenstine called India's ASAT test a "terrible thing". All critical technologies for the test were developed indigenously and about 90% of the entire test in indigenous, Dr.
Apr 06 2019
Supporters march on embassy to fight for 'persecuted hero' Julian Assange
WikiLeaks founder Julian Assange has been cooped up in the embassy in the British capital for seven years after claiming asylum. Ecuador's leader is understood to be claiming that Assange has "repeatedly violated" some conditions of his asylum.
Apr 04 2019
Trump delivers ultimatum to Congress: Immigration deal or border closure
About 50% of vegetables and 40% of fruit imported to the US are grown in Mexico, according to U.S Department of Agriculture data. Wait times at the border crossing at Brownsville, Texas, reached 180 minutes Monday, twice the peak a year ago, officials said.
Apr 03 2019
Suspect in killing of Nipsey Hussle urged to surrender
Fire officials said two were critically injured, one of whom was stabbed and another of whom was hit by a vehicle . Hussle had earned a Grammy nomination for best rap album this year for "Victory Lap", his major-label debut.
Apr 03 2019
Watch This New 'Avengers: Endgame' Trailer and Get Your Tickets Now
But it looks like the wait to get tickets may last almost as long as " Avengers: Endgame " and it's three-hour run time. Disney's Marvel Studios also released a new trailer for the film, helping stoke excitement.
Apr 02 2019
Twitter exploded after Tom Brady made an April Fools joke about retirement
But, since he's new to Twitter and just won the Super Bowl for the sixth time, we'll allow it. It was Brady's first-ever tweet as it appears he joined the social media platform last month.
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Apr 06 2019Eric Holder Pleads Not Guilty In Nipsey Hussle Murder Case
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