Tag: Boeing crash

Ethiopian Probe Initial Findings Blames 737 MAX Flight-Control System

Los Angeles, United States - March 9, 2015: Boeing manufactuing facility. Boeing manufactures and sells aircraft, rotorcraft, rockets and satellites. It is the second-largest defense contractor in the world.

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

Boeing Crash Could be Biggest Non-War Aviation Reinsurance Loss: Willis Re

Los Angeles, United States - March 9, 2015: Boeing manufactuing facility. Boeing manufactures and sells aircraft, rotorcraft, rockets and satellites. It is the second-largest defense contractor in the world.

The recent Ethiopian Airlines crash and subsequent grounding of Boeing’s global fleet of 737 Max aircraft could potentially be the largest ever non-war claim incurred by the aviation reinsurance market, according to Willis Re. The broker said that losses from the incident could erode three to four years’ worth of reinsurers’ global excess of loss… Continue reading Boeing Crash Could be Biggest Non-War Aviation Reinsurance Loss: Willis Re