FAA seeks $3.9 million fine from Boeing for defective parts on 737 NG planes
Source: Reuters
Business News
December 6, 2019 / 4:21 PM / Updated 3 hours ago
David Shepardson
3 Min Read
WASHINGTON (Reuters) - The Federal Aviation Administration (FAA) said on Friday it seeks to impose a $3.9 million fine on Boeing Co, alleging it failed to prevent the installation of defective parts on about 130 737 NG airplanes.
The FAA alleged that Boeing “failed to adequately oversee its suppliers to ensure they complied with the company’s quality assurance system ... Boeing knowingly submitted aircraft for final FAA airworthiness certification after determining that the parts could not be used due to a failed strength test.”
In a statement on Friday, Boeing did not admit liability but said they were aware of the FAA’s concerns.
“We are working closely with our customers to take the appropriate corrective actions,” spokesman Charles Bickers said.
Read more: https://www.reuters.com/article/us-boeing-fine/faa-seeks-3-9-million-fine-from-boeing-for-defective-parts-on-737-ng-planes-idUSKBN1YA2F2
= new reply since forum marked as read
will get re-certified. Not a doubt in my mind and they'll make billions more from it.
https://www.forbes.com/sites/greatspeculations/2019/02/21/how-will-boeing-gain-market-share/#1a29622f1e9b
How Will Boeing Gain Market Share?
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U.S. Air Force personnel look out of Boeing C-17A Globemaster III on display on the inaugural day of... [+] Aero India 2019 at Yelahanka air base in Bangalore, India, Wednesday, Feb. 20, 2019. Aero India is a biennial event with flying demonstrations by stunt teams and militaries and commercial pavilions where aviation companies display their products and technology. (AP Photo/Aijaz Rahi) photocredit: ASSOCIATED PRESS
U.S. Air Force personnel look out of Boeing C-17A Globemaster III on display on the inaugural day of... [+]
Boeing (NYSE:BA) A number of changes are expected in 2019 that we believe will lead to Boeing gaining market share, which we believe will lead to improved earnings during the coming quarter. We analyze those factors in this article.
Macro Analysis for Boeing, and its Shift Away from North America /Europe to Asia-Pacific:
Boeing will increasingly see a shift away from American, and European customers, to APAC customers, during the current year, and into the next decade. Furthermore, this trend will increasingly become a common theme for Boeing’s earnings going forward, with China making up the largest portion of airline sales. Therefore, with China showing signs of an economic slowdown, Boeing’s deliveries in the region may witness a slowdown in 2019, the extent to which this affects Boeing’s earnings depends largely on Chinese consumers and their travel trends. Europe has also showed early signs of a slowdown with Italy and Germany both showing early recessionary signals. But with the load factor being historically high we expect that Boeing, regardless of macro conditions, will continue to see a robust delivery schedule.
