🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

US FAA chief to testify before Congress on Sept 24 on Boeing quality plan

Published 09/16/2024, 04:46 PM
Updated 09/16/2024, 06:05 PM
© Reuters. FILE PHOTO: The Boeing logo is seen on the side of a Boeing 737 MAX at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022.  REUTERS/Peter Cziborra/File Photo
BA
-

By David Shepardson

WASHINGTON (Reuters) -The head of the Federal Aviation Administration (FAA) will testify on Sept. 24 before the House of Representatives Transportation Committee on Boeing (NYSE:BA)'s quality improvement plan, the committee said Monday.

FAA Administrator Mike Whitaker in late February gave Boeing 90 days to come up with a plan to address "systemic quality-control issues." Boeing delivered the plan in late May and the FAA is still assessing the planemaker's reform efforts.

Boeing faces mounting scrutiny from Congress since a Jan. 5 mid-air emergency in a new Alaska Airlines Boeing 737 MAX 9. Boeing did not immediately comment for this story.

On Sept. 25, Whitaker will testify before the Senate Permanent Subcommittee on Investigations at a hearing titled "FAA Oversight of Boeing's Broken Safety Culture."

U.S. Senator Richard Blumenthal, who chairs the panel, told Reuters the FAA must explain its oversight of Boeing before the January Alaska Air (NYSE:ALK) incident.

"Instead of encouraging workers to report quality and safety concerns, Boeing’s culture pushed workers to conceal problems that required federal inspectors’ attention," Blumenthal said. "The FAA has to explain what they knew and when they knew it. Boeing’s broken safety culture is in desperate need of repair, and the FAA has an essential role to play."

In February, Whitaker barred Boeing from boosting production of its best-selling plane and required the company to submit a quality improvement plan. Whitaker also said the agency will continue increased on-site presence at Boeing for the foreseeable future.

© Reuters. FILE PHOTO: Federal Aviation Administration (FAA) Administrator Michael Whitaker testifies before a House Transportation and Infrastructure Aviation Subcommittee hearing to answer questions related to the January 5th rapid depressurization accident involving a Boeing 737 MAX 9 aircraft, on Capitol Hill in Washington, U.S., February 6, 2024. REUTERS/Elizabeth Frantz/File Photo

"This is a very long term journey for Boeing. I think it's going to be measured in years not months," Whitaker told reporters last week in Washington. He said he plans to visit Boeing in Seattle to meet with Boeing CEO Kelly Ortberg as soon as later this month.

In July, Senate Commerce Committee chair Maria Cantwell asked the FAA to conduct a thorough review into its oversight of Boeing and other manufacturers.

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.