Hints and tips:
...“The FAA is requiring immediate inspections of certain Boeing 737 MAX 9 planes before they can return to flight,” FAA Administrator Mike Whitaker said....
...Alaska said it began inspections of its 737-900ER aircraft “several days ago”. It had “no findings to date” and did not expect disruption to its operations....
...An inspection there uncovered five damaged rivets adjacent to the door plug that later blew out....
...“We agree with and fully support the FAA’s decision to require immediate inspections of 737-9 aeroplanes with the same configuration as the affected aeroplane.”...
...The FAA, which reviewed the instructions, said on Saturday that each inspection should take four to eight hours....
...But Bryan Armour, director of passive strategies research for North America at Morningstar, said that on closer inspection a slightly different picture emerged....
...Smaller acquisitions may soon receive more inspection. Regulators hope this will lead to greater market competition....
...Or is the safety inspection not adequate to correct what has now been identified to be a recurring problem?”...
...Hours later, the chief executive of Alaska Airlines revealed that his airline had found “some loose bolts on many” Max 9s during inspections of the planes....
...The Federal Aviation Authority has grounded 171 of the Max 9 aircraft pending inspections of the production lines as well as suppliers....
...A version of this article was first published by Nikkei Asia on May 16 2023. ©2023 Nikkei Inc. All rights reserved....
...A version of this article was first published by Nikkei Asia on August 4. ©2023 Nikkei Inc. All rights reserved....
...The company added it discovered the problem “as part of the pre-delivery inspection process of our products that we’ve had in place since 2016.”...
...But Brussels regulators announced inspections in the sector earlier this week....
...Wirecard backlash leaves EY Germany on a slippery slope When Germany’s audit watchdog prodded EY’s faulty inspection of Wirecard, a handful of partners at the Big Four firm up and left the industry without...
...“We would like to emphasise that this was a routine inspection carried out by the relevant authorities and there was no raid as previously stated or reported in the media.”...
...A stand-off between Beijing and Washington over the inspection of Chinese companies’ audits also threatened hundreds of companies with being forcibly delisted, but a breakthrough was reached last December...
...“It is hard to say whether the inspection is a good thing or not, and we will see how far the vetting goes,” said one Alibaba employee with direct knowledge of the inspection....
...The Big Four firms are facing renewed pressure from US regulators to hand over the audits of their New York-listed Chinese clients for inspection....
...A review of the whole inspection process has started....
...Didi said it “sincerely accepted” the regulator’s penalties and thanked CAC for the “inspections and guidance” in a social media post....
...Beijing does not allow the PCAOB to conduct inspections of audits done in China....
...“A lot of the guys had been through an FSA inspection before, either at Nikko or another bank, and they are always nasty. But this was different. Much nastier....
...US senators seized on the fiasco, and passed legislation that could ban Chinese companies from listing on US exchanges without handing over their audit papers for inspection....
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