The grounding of the 737 MAX for more than four months after two deadly accidents has tarnished Boeing's reputation, but it still has the confidence of US policymakers. Chronology of the Boeing 737 MAX aircraft since its certification by the US Federal Aviation Administration in 2017. (Graphic: AFP) This is despite the fact that one of the MAX flight systems, the MCAS, has been cited in both accidents. Is this an indication that the American aerospace giant is too big to fail? President Donald Trump, whose mantra is "America first," certainly criticized Boeing early in his administration over the presidential plane, Air Force One, but he has been largely silent about the recent woes. The wave of negative press about the flaws that caused the deaths of 346 people did not prompt legislators to summon Boeing CEO Dennis Muilenburg before Congress to inflict on him the kind of humiliation Wall Street bankers were subject to following the global financial crisis. "Boeing is one of … [Read more...] about Is Boeing too big to fail?
Helicopter flight new york
A helicopter crash-landed on top of a high-rise in midtown Manhattan Monday, starting a fire and leaving one person dead as the entire building shook from the impact. A policeman gestures near fire trucks after a helicopter crash-landed on top of a building in midtown Manhattan on June 10, 2019 Emergency services fanned out around the 54-story building on Seventh Avenue after what was described as a "hard-landing" by a chopper that took off barely 10 minutes earlier from a heliport in the city. The New York fire department confirmed one fatality -- presumed to be the pilot according to Mayor Bill de Blasio. Speaking at the scene, de Blasio said it "could have been a much worse incident." "There were no other injuries that we know of at this point in time to anyone in the building or on the ground," he said: adding: "Thank god for that." The pilot was the only person on board the chopper according to US aviation regulators. "There is no indication at this time that this was an … [Read more...] about One dead as helicopter crash lands on Manhattan building