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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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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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