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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Boeing Co | NYSE:BA | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
2.84 | 1.59% | 181.28 | 181.94 | 179.63 | 179.90 | 1,040,225 | 15:42:30 |
By WSJ City
Federal investigators and lawmakers are asking the same question about Boeing's 737 MAX jet: Did US safety regulators rigorously follow longstanding engineering and design standards in approving a suspect stall-prevention feature?
KEY FACTS
-- The Justice Department and the Transportation Department inspector general's office are looking into how Boeing developed the aircraft. -- It's been involved in two fatal crashes within five months. -- The inspector general's office is also scrutinising whether the Federal Aviation Administration took any shortcuts compromising safety, people familiar with the matter said. -- Boeing was eager to complete the design and certification process as quickly as possible, according to people who were involved. -- Boeing has said the FAA certified the 737 MAX according to identical requirements and processes for previous airplanes after a six-year, methodical development.
FOCUS OF THE TRANSPORT INQUIRY
The US Transportation Department inquiry has included questions about the aircraft's design, how training was devised and whether safety was compromised in favour of business concerns, a person familiar with the details said.
WHAT THEY SAID
-- The FAA said the plane was approved to carry passengers as part of the agency's "standard certification process," which the agency said is "well established and (has) consistently produced safe aircraft." -- The agency declined to comment on various decisions regarding specific systems. -- The Justice Department and the Transportation Department's inspector general declined to comment. -- A Boeing spokesman declined to comment about government inquiries.
A fuller story is available on WSJ.com
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(END) Dow Jones Newswires
March 19, 2019 05:17 ET (09:17 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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