🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

FAA to strengthen oversight as Boeing set to resume 737 MAX production

Published 11/07/2024, 10:44 AM
Updated 11/07/2024, 02:52 PM
© Reuters. Dozens of grounded Boeing 737 MAX aircraft are seen parked at Grant County International Airport in Moses Lake, Washington, U.S. November 17, 2020.  REUTERS/Lindsey Wasson     TPX IMAGES OF THE DAY
BA
-

By David Shepardson

WASHINGTON (Reuters) -The Federal Aviation Administration said on Thursday it will boost its oversight of Boeing (NYSE:BA) as the planemaker prepares to resume production of its 737 MAX jets following a 53-day strike that ended earlier this week.

FAA Administrator Mike Whitaker spoke with Boeing CEO Kelly Ortberg this week and stressed the importance of Boeing using its system for managing safety risks as it resumes production, the agency said.

The FAA noted that it maintained its enhanced on-site presence at Boeing factories throughout the strike "and will further strengthen and target our oversight as the company begins its return-to-work plan." Boeing has not said yet when it plans to resume production, but workers do not have to return until Nov. 12.

About 33,000 machinists who work on the best-selling 737 MAX, as well as the 767 and 777 wide-body jets, agreed to end a strike that began on Sept. 13.

Boeing did not immediately comment on the matter.

Reuters has previously reported that Boeing is expected to resume production of the 737 MAX at a very gradual rate.

Whitaker capped production at 38 737 MAX planes per month in January after a door panel missing four key bolts flew off an Alaska Airlines 737 MAX 9 in midair that month, exposing serious safety issues at Boeing.

The FAA said last month that it was opening a new safety review into Boeing. In October, the Transportation Department's Office of Inspector General criticized the FAA's oversight of Boeing.

An FAA audit of Boeing completed in February found 97 incidents of noncompliance, spanning "issues in Boeing's manufacturing process control, parts handling and storage, and product control."

© Reuters. Dozens of grounded Boeing 737 MAX aircraft are seen parked at Grant County International Airport in Moses Lake, Washington, U.S. November 17, 2020.  REUTERS/Lindsey Wasson/File Photo

Whitaker said in September that safety culture improvements at Boeing may take three to five years to accomplish and vowed to revamp the FAA's own safety management program. He said in June the agency had been "too hands-off" in its oversight of Boeing.

In September, a Senate panel investigating Boeing's culture faulted oversight by the FAA.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.