A Russian aircraft leasing company is suing Boeing for breach of contract in connection with its grounded 737 Max.
Full coverage: Boeing 737 Max planes grounded in U.S. and around the world following 2 deadly crashes
“I think you will see a number of other operators filing suit in coming months. This will be the first of many to come,” Marks said. Although official investigations into the accidents are ongoing, an anti-stall system unique to the Max has been implicated. The system is designed to pitch the plane’s nose automatically down when it senses a stall is imminent, which it was found to have done repeatedly in both accidents. Boeing has been working on a software fix to ensure the system activates only once. It will also no longer be triggered by only one sensor.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: Financial hit from 737 MAX will not slow appetite for services deals - Boeing CEOExclusive: Boeing's CEO says the financial fallout from 737 MAX groundings would not slow its appetite for deals in the aircraft services sector, which has higher margins
Read more »
Resurgent Boeing shares could rally 4% before hitting a ceiling, chart suggestsResurgent Boeing shares could rally 4% before hitting a ceiling, chart suggests [via TradingNation]
Read more »
Durable goods orders jump in July, boosted by Boeing ordersOrders for durable goods rose 2.1% in July, the Commerce Department said Monday
Read more »
Exclusive: Boeing CEO eyes major aircraft order under any U.S.-China trade dealExclusive: Boeing's CEO tells Reuters that a major aircraft order from China could result from any trade deal with the U.S. Tit-for-tat tariffs have forced Boeing to walk a geopolitical tightrope for more than a year
Read more »
Exclusive: Financial hit from 737 MAX will not slow appetite for services deals - Boeing CEOExclusive: Boeing's CEO says the financial fallout from 737 MAX groundings would not slow its appetite for deals in the aircraft services sector, which has higher margins
Read more »