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...The company said it would provide more details in Wednesday’s update....
...This was the company’s second accident at Courchevel: in 2017 another PC-12 hit the embankment before the start of the runway, damaging a wing and wheel....
...Boeing chief executive Dave Calhoun acknowledged in January that the company had made a mistake....
...At Unhedged, we’re betting that NYCB is not the last rate-driven market accident we are going to see in this cycle. One good read Is private equity worth it?...
...The most famous aerospace company in the US has a big credibility problem....
...Regulators grounded 171 Max 9 planes on Saturday, following the accident, which are used by fewer airlines than the smaller Max 8....
...Boeing has called a company-wide safety meeting for Tuesday to discuss its response to the incident....
...The company on Wednesday reported a $355mn net loss in the first quarter....
...A hopeful Boeing will point to this accident as a one-off, rather than a fleet-wide issue. The 737 Max is Boeing’s top-selling product....
...The company “must continue to respond to this accident with humility and complete transparency”, he said....
...“This is the darkest day in the history of Implats and our hearts are heavy for the lives lost and the individuals affected by this devastating accident,” Nico Muller, chief executive of Implats, said....
...But an accident on Friday when part of a Boeing 737-9 Max fell off during an Alaska Airlines flight is a new problem for the US company, which was already struggling with deliveries and long-running supply...
...accident in San Francisco....
...A third issue raised by the accident concerns regulation....
...Marine insurance experts told the Financial Times that the accident would probably lead to a substantial claim, including for damage to the bridge and disruption to the port....
...The company has cut the rate at which it produces 737 Max planes as it seeks to resolve manufacturing flaws, resulting in delivery delays that have forced some airlines to amend their flight schedules....
...What will be the economic impact of the accident? Maryland officials said on Tuesday that shipping traffic into and out of the port would be suspended until further notice....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...“Having Pat take charge, and then getting that new arrangement with Boeing, has drawn the two companies even closer together....
...The plane maker is dealing with the fallout from an accident on a Boeing 737 Max jet in January, when a door panel blew off while in flight....
...Separately, a man in his 60s working for construction company NCC died after an accident involving a crane used to extend Northvolt’s battery factory in Skellefteå, just below the Arctic Circle in Sweden...
...In the US, concerns about accidents, noise and interference with other aircraft outweigh interest in convenience....
...“The private maritime security companies are having to evolve from a one-dimensional, one-threat piece with piracy,” Gahagan said....
...Calhoun also said the Max 9 accident was a hit to Boeing’s airline customers, but insisted the company had not lost their confidence....
...The company last week called Salehpour’s allegations about the structural integrity of the 787 “inaccurate”....
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