Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

US watchdog to look into FAA's oversight of Boeing 737, 787 manufacturing, Semafor reports

Published 04/17/2024, 03:59 PM
Updated 04/17/2024, 04:31 PM
© Reuters. FILE PHOTO: Boeing's new 737 MAX-9 is pictured under construction at their production facility in Renton, Washington, U.S., February 13, 2017.  REUTERS/Jason Redmond/File Photo

(Reuters) -The U.S. Department of Transportation's watchdog is looking into the Federal Aviation Administration's oversight of Boeing (NYSE:BA)'s manufacturing of 737s and 787s, Semafor reported on Wednesday.

"It's very healthy for the (Office of Inspector General) to be constantly auditing everything that happens across the DoT," the report quoted U.S. Transportation Secretary Pete Buttigieg as having said at the Semafor World Economy Summit.

"Obviously, when something is in the news, they're going to take a closer look the same way we're taking a closer look at Boeing."

Boeing deferred a request for comment to the DoT, while the DoT and FAA did not immediately respond when contacted by Reuters.

In February, a group of U.S. lawmakers wanted the FAA to answer key questions about its oversight of Boeing, which has come under intense criticism and scrutiny since a door plug panel tore off a new Alaska Airlines 737 MAX 9 jet at 16,000 feet on Jan. 5.

In the aftermath of the blowout incident, the embattled planemaker has undergone a management shakeup, U.S. regulators have put curbs on its production, and deliveries have fallen by half in March.

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.