Boeing 787 set to get the all clear to resume production

Published

2 years ago

August 4, 2022

The Federal Aviation Administration’s acting chief is meeting with safety inspectors to decide whether Boeing can resume deliveries of its 787 Dreamliner

It’s been plagued by production issues that prompted the planemaker to stop deliveries in May 2021.

The FAA has approved Boeing’s inspection and modification plan to resume deliveries of 787 Dreamliners, according to sources.

Reuters says the FAA had approved Boeing’s proposal that requires specific inspections to verify the airplane meets requirements and that all work has been completed.

The purpose of acting Administrator Billy Nolen’s visit “is to ensure that the FAA is satisfied that Boeing has taken the appropriate steps to improve manufacturing quality and to guarantee the autonomy of workers who ensure regulatory compliance on the company’s assembly lines,”
faa statement

The FAA noted that even when deliveries resume, it “will inspect each aircraft before issuing an airworthiness certificate.

The planemaker has faced production issues with the 787 for more than two years. In September 2020, the FAA said it was “investigating manufacturing flaws” in some 787 jetliners.

Boeing now promising to work harder to maintain safety on the program.

There’s a massive backlog of aircraft waiting to be built and delivered, so good news for airlines and passengers.

U.S. Federal Reserve announce rate cut, show great confidence in economy

Published

9 hours ago

September 19, 2024

ticker NEWS

The Federal Reserve has delivered a big rate cut to boost the economy while inflation slows.

The central bank slashed interest rates by a half percentage point, hoping to protect the job market while inflation inches closer to its 2% goal.

Fed Chair Jerome Powell says the decision reflects growing confidence in balancing the economy’s growth with low inflation. #featured #trending

Money

Markets brace for potential 50-point fed rate cut

Published

2 days ago

September 17, 2024

ticker NEWS

Markets are anticipating a significant 50-point rate cut from the US Federal Reserve this week, leading to heightened focus on bond markets and key economic reports.

Financial markets are focused on a potential 50-point rate cut by the US Federal Reserve, as investors anticipate major shifts in economic policy.

The bond markets, already pricing in a borderline hard landing, reflect the expectation of a significant easing cycle over the next two years.

However, experts caution that the Fed could disappoint, as the current economic conditions differ from previous events such as the pandemic or credit crises. #featured #trending

Money

Bitcoin’s Q4 outlook: key factors and upcoming milestones

Published

3 days ago

September 16, 2024

ticker NEWS

Insights into market trends and critical events shaping Bitcoin’s performance

Crypto Corner explores the latest market movements, expert insights and the influence of macroeconomic factors on the crypto industry.

Crypto Corner is hosted by Caroline Bowler, CEO of BTC Markets.

In this episode, Caroline speaks with Matt Willemsen, Head of Research & Content at Collective Shift, about what could drive Bitcoin’s strong performance in Q4. They explore how the current market differs from past cycles, the ongoing Solana vs. Ethereum debate, and the role of project-specific conferences in market trends. Matt previews key Q4 events, including the Solana Breakpoint conference and upcoming altcoin milestones like Uniswap v4 and Polygon 2.0. #crypto corner