So representative babbin. Yes, sir. Mr. Chairman, thank you very much. Id like to join the others in acknowledging those in attendance here today who lost loved ones in the accidents and our sincerest condolences to you and thank you for being here today. In the interest of time, id like to get right to it. Instead of directing my questions to one of you specifically. Id like to address these to both of you and let you decide who is best fit to answer. I think there is a feeling out there that after the lion air crash in indonesia boeing sat back and did nothing in terms of addressing the causes of the accident and since the second crash in ethiopia, weve heard a lot from boeing and the rest of the industry about how the information gleaned from these tragic accidents helped to ensure that they are not repeated. With that in mind, what did boeing do after the lion air crash to ensure that those circumstances were not repeated and do you have any specific examples of Lessons Learned tha
Current and former ntsb chairs who provided safety recommendations. Both of these accidents were entirely preventable. We cannot fathom the pain experienced by the families of those 340 six human beings who were lost. Many family members were here today and we appreciate their attendance. Themreciate many of meeting with members of the committee. Committee, if this promise their loved ones that we are working to obtain a full answer as to how to prevent future tragedies. ,hese families deserve answers accountability, and action. Deserves no less. Involved inaircraft both accidents is the 737 max 8 manufactured by boeing. International aviation safety regulators begin grounding the plane the day after the ethiopian crash. On march 13, federal Aviation Administration formally grounded the aircraft. The return to service is contingent on boeings work with the faa to test and certify fixes to the Flight Control system. Activated during both crashes. In order to return to service, Internati
Barbara duran from bd8 capital markets. Thank you for joining us today weve got a lot of forces at play again another kind of side waist market, but some Risk Appetite if you look at whats moving higher today i agree with that i think that the action has been very constructive. And i think whats going on is youve seen the earnings expectations come down you had just a little sample last week, but majority of Companies Beat earnings and the most important thing, i think, was jpmorgan and American Express talking about the strength of the consumer in loans and spending and thats really the underpinning to the economy. And so we also know the fed, they have a meeting coming up. Im not expecting them to cut rates, but they have made it clear they stand ready and i think that forms an underpinning for the market. And not to mention china we have a little truce there i think we were all expecting some more down babeat commentar from what weve heard so far but so far, its been okay maybe rest
Shortly after takeoff. All 189 people aboard perished. Five months later, Ethiopian Air trio to departed out of ethiopia. Just like lie in flight 610, Ethiopian Airlines flight rio to experienced problems shortly after takeoff and crashed. All 157 persons on board died. Both of these accidents were entirely preventable. We cannot fathom the pain experienced by the families of those 346 human beings who were lost. Family members are here today and we appreciate their ascendance. I appreciate many of them meeting with membersrs of the committee over time. As chairman ofma this committeei promise their loved ones that we are working to obtain a full answer as to how to prevent future tragedies. These families deserve answers, accountability and action. And the public deserves no less. The type of aircraft involved in both accidents is a 737 max eight manufactured by boeing. Safety regulators began grounding the max the day after the ethiopian crash. On march 13, federal Aviation Administr
This hearing will come to order. Thank you all for being here today. One year ago today, lyon air 610 crashed into the sea in jakarta indonesia. All 189 people on board were killed. A few months later, an Ethiopian Air flight departed, and flight 302 experienced problems shortly after takeoff and crashed. All 157 persons on board died. Both of these accidents were entirely preventible. We cannot fathom the pain experienced by the families of those 346 human beings who were lost. Many family members are here today and we appreciate their attendance. I appreciate many of them meeting with members of the committee over time. As chairman of this committee, i promise their loved ones were working to obtain a full answer as to how to prevent future tragedies. These families deserve answers, accountability and action. And the public deserves no less. The type of aircraft involved in both accidents is a 737 max 8. Manufactured by boeing. International aviation safety regulators began grounding