The Straits Times
Video of Boeing 737 Max cleared for return: EU regulators
VIDEO: REUTERS
https://str.sg/JKn2
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Boeing Co posted a record $12bn annual loss on Wednesday as it delayed its all-new 777X jet again and booked a $6.5bn charge for the programme.
The coronavirus crisis has exacerbated a drop in demand for the industry’s largest jetliners, with airline customers shunning deliveries of planes due to international travel restrictions, hurting cash flow at the United States planemaker.
Boeing said it expects the 777X, a larger version of the 777 mini-jumbo, to enter service by late 2023, delaying the jet’s launch for the third time and booking a $6.5bn pre-tax charge.
The company has been developing the widebody jet with the goal of releasing it in 2022, already two years later than planned.
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Photo Credit: Boeing
The European Union Aviation
Safety Agency (EASA) has approved the return to service of a modified version
of the Boeing 737 MAX.
The aircraft was grounded
worldwide in March 2019 following two accidents within six months of each other,
which together claimed 346 lives.
The root cause of the accidents was traced to
the plane’s Maneuvering Characteristics Augmentation System (MCAS), which was
designed to make the plane easier to handle. However, the MCAS unexpectedly
came into operation when a specific sensor failed, pushing the nose of the
aircraft down repeatedly. In both accidents, pilots finally lost control of