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WASHINGTON (AP) — A Boeing 737 Max suffered damage to parts of the plane’s structure after it went into a “Dutch roll” during a Southwest Airlines flight last month, U.S. investigators said Friday. The flight took place May 25, but Southwest did not notify the National Transportation Safety Board about the roll or damage to […] ....
The top U.S. aviation regulator said Thursday that the Federal Aviation Administration should have been more aware of manufacturing problems inside Boeing before a panel blew off a 737 Max during an Alaska Airlines flight in January. ....
Activist shareholder Elliott Investment Management has taken a $1.9 billion stake in Southwest Airlines and wants to get rid of the CEO. The investment firm alleged that Southwest failed to keep up with other airlines and suffers from outdated technology and operations. In a letter to Southwest’s board, the firm said that Southwest's “stubborn unwillingness to evolve” is causing deeply disappointing financial results. The airline's shares have lost more than 50% in the last three years. Southwest says it's confident that CEO Robert Jordan and Executive Chairman Gary Kelly can carry out plans to improve returns for shareholders. Shares in the airline rose 7% on Monday. ....
Activist shareholder Elliott Investment Management has bought a $1.9 billion stake in Southwest Airlines and is seeking to force out the CEO of the airline, which has struggled with operational and financial problems. ....
NTSB says an air traffic controller's faulty assumption led to a close call between planes in Texas thebusinessjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thebusinessjournal.com Daily Mail and Mail on Sunday newspapers.