The U.S. Federal Aviation Administration has identified a new risk that Boeing Co must address on its 737 MAX before the grounded jet can return to service, the agency said on Wednesday. The risk was discovered during a simulator test last week and it is not yet clear if the issue can be addressed with… Continue reading U.S. Regulator Cites New Flaw on Grounded Boeing 737 MAX
Tag: aviation insurance
Ethiopian Probe Initial Findings Blames 737 MAX Flight-Control System
Air accident investigators found the cockpit crew of a crashed 737 MAX followed approved emergency procedures in an attempt to save the plane, ratcheting up pressure on Boeing Co. to fix a flight-control system at the heart of several probes into two deadly crashes of the airliner. Ethiopian authorities, in a press conference Thursday disclosing… Continue reading Ethiopian Probe Initial Findings Blames 737 MAX Flight-Control System
Zurich Files Suit in Deadly Georgia Plane Crash
An insurance company is suing a business whose chief executive was flying a plane that crashed in Georgia, killing him and three passengers. Federal court records show Zurich American Insurance Co. of Illinois is suing Sunshine International Corp. in relation to a plane crash that killed pilot Wei Chen and three business associates in Atlanta… Continue reading Zurich Files Suit in Deadly Georgia Plane Crash
U.S. to Overhaul Air Safety Oversight in Response to Two Boeing Crashes
The U.S. aviation regulator will significantly change its oversight approach to air safety by July following two fatal Boeing Co MAX 737 passenger plane crashes, according to written congressional testimony seen by Reuters. At a U.S. Senate Commerce subcommittee hearing on Wednesday, the Federal Aviation Administration (FAA) acting head Dan Elwell will say the agency’s… Continue reading U.S. to Overhaul Air Safety Oversight in Response to Two Boeing Crashes
Boeing Had Too Much Influence on Vetting Own Jets, FAA Was Told
Federal Aviation Administration (FAA) employees warned as early as seven years ago that Boeing Co. had too much sway over safety approvals of new aircraft, prompting an investigation by Department of Transportation auditors who confirmed the agency hadn’t done enough to “hold Boeing accountable.” The 2012 investigation also found that discord over Boeing’s treatment had… Continue reading Boeing Had Too Much Influence on Vetting Own Jets, FAA Was Told
Insurers Face Large Claims from Ethiopian Airlines Crash
Boeing Co’s insurers face big claims from families of the victims of the Ethiopian Airlines crash, coming less than six months after the crash of the same type of Boeing aircraft in Indonesia, insurance and aviation sources said. An Ethiopian Airlines passenger jet bound for Nairobi crashed minutes after take-off on Sunday, killing all 157… Continue reading Insurers Face Large Claims from Ethiopian Airlines Crash
Willis Towers Watson Broker on Ethiopian Airlines
Willis Towers Watson is the insurance broker for Ethiopian Airlines and Chubb is the lead underwriter, a Willis Towers Watson spokeswoman said on Monday. An Ethiopian Airlines passenger jet bound for Nairobi crashed minutes after take-off on Sunday, killing all 157 people on board. Chubb did not immediately respond to request for comment.
Arthur J. Gallagher to Acquire JLT’s Aerospace Operations
Arthur J. Gallagher & Co. has announced that it has entered into an agreement to acquire the global aerospace operations of Jardine Lloyd Thompson Group plc (JLT). The acquisition, subject to European Commission approval, is scheduled to close this spring in connection with completion of Marsh and McLennan Companies’ acquisition of JLT. Under the agreement,… Continue reading Arthur J. Gallagher to Acquire JLT’s Aerospace Operations
U.S. Lawmakers Introduce Bipartisan Bill on Cockpit Safety
U.S. lawmakers are pushing for stronger aviation security with a bipartisan bill that would require passenger airlines to install secondary security doors between cabins and the cockpit on current aircraft to prevent another Sept. 11-style attack. Hijackings remain a threat despite improvements in global aviation safety since Sept. 11, 2001, when hijacked planes flew into… Continue reading U.S. Lawmakers Introduce Bipartisan Bill on Cockpit Safety
Airline Automation Triggers Intensified Debate Over Safety
The fatal Lion Air crash has revved up debate about the biggest quandary in airline safety: how best to meld increasingly sophisticated computer controls, designed to prevent tragedies, with traditional piloting skills. Ever-more-powerful cockpit automation and ultrareliable jet engines have contributed to record-low accident rates in recent years. For example, in 2017, there were fewer… Continue reading Airline Automation Triggers Intensified Debate Over Safety