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.
In Short:
– Fitch Ratings downgraded France’s credit rating to A+, citing political instability and fiscal challenges.
– New Prime Minister Lecornu must secure budget approval amidst rising deficit and potential no-confidence vote.
Fitch Ratings has downgraded France’s credit rating from AA- to A+, the lowest ever recorded, amid ongoing political and fiscal challenges.
The decision comes shortly after Prime Minister François Bayrou was removed in a vote of no confidence regarding his €44 billion austerity plan.
President Emmanuel Macron has appointed Sébastien Lecornu as the new prime minister, marking the fifth leadership change in under two years.
Fitch highlighted political instability as a key factor undermining fiscal reforms, with France’s debt now at €3.3 trillion, or 113.9% of GDP.
The budget deficit increased to 5.8% of GDP and is expected to rise, posing challenges ahead.
Political Instability
The new prime minister faces a divided parliament and must secure budget approval by October 7.
The far-left plans a no-confidence vote against Lecornu, complicating further cooperation on legislative reforms, with S&P Global hinting at a potential downgrade.
The White House is set to fast-track a ruling on firing Federal Reserve Governor Lisa Cook, just days before the crucial FOMC meeting.
The move comes as markets reel from surging inflation, weak jobless data, and global currency shifts, raising questions about the Fed’s independence and the stability of policy decisions.
ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.
ANZ has announced plans to cut 3,500 staff and 1,000 contractors over the next year, triggering a fierce debate between business leaders, unions, and government about the future of Australia’s banking sector.
The decision raises wider questions about the resilience of the business community and the role of politics, productivity, and technology in shaping employment.