🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

US Senate panel to hold March 8 hearing on FAA reform efforts

Published 03/02/2023, 11:43 AM
Updated 03/02/2023, 03:43 PM
© Reuters. FILE PHOTO: Family members hold photographs of Boeing 737 MAX crash victims lost in two deadly 737 MAX crashes that killed 346 people as they arrive for Boeing CEO Dennis Muilenburg's testimony before a Senate Commerce, Science and Transportation Committe
BA
-

By David Shepardson

WASHINGTON (Reuters) -The U.S. Senate Commerce Committee on Thursday said it would hold a March 8 hearing on efforts by the Federal Aviation Administration (FAA) to reform how it certifies new airplanes after two Boeing (NYSE:BA) 737 MAX crashes killed 346 people.

Acting FAA Administrator Billy Nolen will appear at the hearing.

Congress in 2020 passed sweeping reforms to address FAA certification efforts after the fatal crashes in 2018 and 2019 raised safety questions about the agency's airplane certification program.

"We need a clear commitment that this legislation will be fully implemented, and that these reforms -- ensuring designee oversight, mandating Safety Management Systems, and holding manufacturers accountable -- are all adhered to," Commerce Committee chair Maria Cantwell said at a hearing on Wednesday on President Joe Biden's pick to head the FAA.

"We feel that industry and FAA got too cozy," she said.

The FAA in January named a panel to review Boeing’s safety management processes and how they influence the company's safety culture.

A U.S. 2020 House of Representatives committee report said the MAX crashes "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."

Congress in December voted to lift a deadline imposing a new safety standard for modern cockpit alerts for two new versions of the 737 MAX that could have put the sale of those new models at risk.

The FAA in September finalized a policy to protect aviation employees who perform government certification duties from interference by Boeing and others.

The FAA in May opted to renew Boeing's Organization Designation Authorization (ODA) program, which directs and ensures the consistency of the FAA’s oversight, for three years rather than the five years Boeing sought.

© Reuters. FILE PHOTO: Family members hold photographs of Boeing 737 MAX crash victims lost in two deadly 737 MAX crashes that killed 346 people as they arrive for Boeing CEO Dennis Muilenburg's testimony before a Senate Commerce, Science and Transportation Committee hearing on “aviation safety” and the grounded 737 MAX on Capitol Hill in Washington, U.S., October 29, 2019.  REUTERS/Sarah Silbiger

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

The Transportation Department's Office of Inspector General in November said it would audit the FAA's oversight of the MAX.

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.