 | | | | Boeing Co said on Wednesday it had reprogrammed software on its 737 MAX to prevent erroneous data from triggering an anti-stall system that is facing mounting scrutiny in the wake of two deadly nose-down crashes in the past five months. | | | | | | The top U.S. Transportation Secretary questioned on Wednesday why Boeing Co did not require safety features on its top-selling 737 MAX that might have prevented two recent crashes, ahead of a much-anticipated Senate hearing about the airplane. | | | | | | The Federal Aviation Administration told a U.S. Senate panel would need an additional 10,000 employees that would cost $1.8 billion if it were to assume all responsibilities for aircraft certification. | | | | | | Boeing Co on Wednesday took its most aggressive moves yet to defend its core 737 airliner franchise, saying it had developed software fixes to prevent failures of an automated flight control system that is being scrutinized after two deadly crashes in the past five months. | | | | | | The U.S. Federal Aviation Administration said Wednesday that it has not yet granted provisional approval for Boeing Co's announced anti-stall software upgrade of 737 MAX aircraft following crashes in Indonesia and Ethiopia. | | | | | | Allied Pilots Association, which represents American Airlines Group Inc pilots, said on Wednesday they were pleased with Boeing Co's progress on a 737 MAX fix but warned that the certification process should not be rushed or fast-tracked. | | | | | | U.S. stocks eased on Wednesday as Treasury bond yields fell again and a prolonged inversion in the yield curve fanned fears of a U.S. economic slowdown. | | | | | | United Airlines, one of three U.S. carriers that operate Boeing's 737 MAX, is "optimistic" about the U.S. manufacturer's software update, Vice President of Corporate Safety Michael Quiello said in a statement on Wednesday. | | | | | | Benchmark U.S. Treasury yields sank to fresh 15-month lows on Wednesday and German bond yields fell further below zero after more dovish talk from central banks, while a gauge of world stocks fell amid new signs of concern for the global economy. | | | | | | Sweden's Economic Crime Authority said on Wednesday it had widened its ongoing probe into Swedbank to include suspected aggravated fraud after raiding the bank's head office. | | | | | |
