Final hours! Save up to 55% OFF InvestingProCLAIM SALE

U.S. FAA seeks to extend safety mandate to charter, air tour operators, aircraft manufacturers

Published 01/10/2023, 11:29 AM
Updated 01/10/2023, 05:53 PM
© Reuters. A Boeing 737 MAX airplane takes off on a test flight from Boeing Field in Seattle, Washington, U.S. June 29, 2020.  REUTERS/Karen Ducey
BA
-

By David Shepardson

WASHINGTON (Reuters) - The Federal Aviation Administration (FAA) on Tuesday proposed requiring charter, commuter, air tour operators, and aircraft manufacturers to implement a key safety tool aimed at reducing accidents.

The U.S. regulator wants to extend a mandate to adopt so-called Safety Management Systems (SMS), which are a set of policies and procedures to proactively identify and address potential operational hazards early on. U.S. airlines have been required to have SMS since 2018 and some aerospace companies already voluntarily have SMS programs like Boeing (NYSE:BA), GE , and Raytheon-subsidiary Pratt & Whitney

Congress in 2020 directed the FAA to mandate SMS for aircraft manufacturers as part of a wide-ranging certification reform bill following two fatal Boeing 737 MAX crashes but the FAA's proposed rule goes beyond the requirements from lawmakers. SMS systems require four key components - safety policy, safety risk management, safety assurance, and safety promotion.

The National Transportation Safety Board has made one of its top recommendations urging the FAA to require and verify the SMS systems in all revenue passenger-carrying aviation operations

The NTSB said "too many operators either do not have one in place or have an ineffective one.​.. It’s time more got on board. The risk to the flying public is too great not to."

The NTSB has cited SMS systems in a number of incidents including the 2020 helicopter crash that killed NBA star Kobe Bryant, his daughter and seven others. The board cited the operator's incomplete implementation of its safety management system" and the benefits of a mandatory SMS in its report.

The FAA is also proposing that each SMS include code of ethics that applies to all employees and clarifies

© Reuters. A Boeing 737 MAX airplane takes off on a test flight from Boeing Field in Seattle, Washington, U.S. June 29, 2020.  REUTERS/Karen Ducey

that safety is the highest priority and adding a provision to

ensure employees can confidentially report issues without concern of reprisals.

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.