Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Airbus withdraws from U.S. FAA Boeing safety culture panel

Published 01/13/2023, 03:04 PM
Updated 01/13/2023, 04:56 PM
© Reuters. FILE PHOTO: An aerial view of several Boeing 737 MAX airplanes parked at King County International Airport-Boeing Field in Seattle, Washington, U.S, June 1, 2022.  REUTERS/Lindsey Wasson

By David Shepardson

WASHINGTON (Reuters) - European planemaker Airbus said it had withdrawn from a U.S. government-named panel reviewing Boeing’s safety processes and how they influence Boeing (NYSE:BA) safety culture after two fatal 737 MAX crashes in recent years killed 346 people.

The Federal Aviation Administration's (FAA) panel named last week includes MIT lecturer and aerospace engineer Javier de Luis whose sister was killed in a MAX crash, as well as experts from NASA, the FAA, labor unions, Southwest Airlines (NYSE:LUV), American Airlines (NASDAQ:AAL), United Airlines, GE Aviation and FedEx (NYSE:FDX) Express.

Among those named was James Tidball, head of certification for Airbus Americas. Airbus said in a statement to Reuters it appreciated the FAA's recognition of Tidball's impartiality concerning safety but given "the panel’s focus on a particular (Original Equipment Manufacturer, Tidball)... has decided to recuse himself from this working group."

The panel, which Congress required under a 2020 lawto reform how the FAA certifies new airplanes, has ninemonths to complete its review and issue findings andrecommendations. Congress directed the agency toappoint a panel by early 2021, but the FAA missed that deadline.

A 2020 U.S. House report said the MAX crashes in 2018 and 2019 "were the horrific culmination of a series of faulty technical assumptions by Boeing's engineers, a lack of transparency on the part of Boeing's management, and grossly insufficient oversight by the FAA."

Boeing last week declined to comment on the panel, but previously emphasized it has significantly reformed its safety culture after the MAX crashes cost it more than $20 billion.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Last month, Congress voted to lift a Dec. 27 deadlineimposing a new safety standard for modern cockpit alerts for twonew versions of the 737 MAX aircraft that could have put thefuture of those new models at risk.

In May, the FAA opted to renew Boeing's OrganizationDesignation Authorization (ODA) program for three years ratherthan the five years Boeing sought.

The FAA continues to subject Boeing to enhanced oversight,inspecting all new Boeing 737 MAXs and 787s before they can be delivered.

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.