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Former Boeing pilot cops criminal charge over 737 MAX crashes

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An Ex-Boeing test pilot has been indicted for fraud in the ongoing 737 MAX probe

Boeing’s former 737 MAX test pilot, Mark Forkner has been indicted for fraud for allegedly misleading regulators about problems tied to the aircraft’s two fatal crashes.

The ex-chief technical pilot is the first Boeing employee to be charged over the 737 Max’s failures.

In October 2019, pilots struggled to regain control of the MAX and it plunged into the Java Sea off the coast of Indonesia.

Five months later, another MAX crashed near in Ethiopia just six minutes after takeoff, killing all on board and forcing regulators around the globe to ground the plane.

Rescuers work at the scene of an Ethiopian Airlines flight crash near Bishoftu, or Debre Zeit, south of Addis Ababa, Ethiopia, Monday, March 11, 2019. A spokesman says Ethiopian Airlines has grounded all its Boeing 737 Max 8 aircraft as a safety precaution, following the crash of one of its planes in which 157 people were killed. (AP Photo/Mulugeta Ayene)

346 people perished in both accidents

Investigators found that both crashes were tied to the Maneuvering Characteristics Augmentation System, or MCAS, software, which had been designed to help stabilize the jet after heavier, repositioned engines placed on the aircraft caused the plane’s nose to point too far upward in certain circumstances.

In both crashes, incorrect data from a faulty sensor caused the MCAS to misfire, forcing the planes to nose down repeatedly.

The MCAS system was not mentioned in the pilot manual which allowed pilots to enter the MAX cockpit without simulator training that would have cost the airlines more money.

“In an attempt to save Boeing money, Forkner allegedly withheld critical information from regulators,”

Acting U.S. Attorney Chad E. Meacham for the Northern District of Texas said in a release.

“His callous choice to mislead the FAA hampered the agency’s ability to protect the flying public and left pilots in the lurch, lacking information about certain 737 MAX flight controls. The Department of Justice will not tolerate fraud – especially in industries where the stakes are so high.”

Internal messages that surfaced in October of 2019 between Forkner and another Boeing pilot appeared to show the company had been aware about the problems with the MCAS system in 2016 – two years before the crashes.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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