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Boeing Co
Boeing chief must have engineering background, Emirates boss says
...“To fix Boeing’s issues the company needs a strong engineering lead as its head coupled to a governance model which prioritises safety and quality,” Clark told the Financial Times on Tuesday....
March 26, 2024
Insurance
Lloyd’s of London chief calls for quick insurance payouts on Baltimore bridge
...“There is a lot of cover for the [protection and indemnity] element to address,” said Neal, citing the $3bn of liability reinsurance that the ship has access to through the International Group of P&I Clubs...
March 28, 2024
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 4 September237 Park Avenue, New York, NY, USA
Maritime accidents and safety
Search suspended for missing people in Baltimore bridge collapse
...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....
March 27, 2024
Boeing Co
Boeing has not turned over documents, says US accident investigator
...Boeing has not met federal regulators’ request for a list of employees who worked on a door panel that blew out mid-flight, the US’s top accident investigator testified to Congress on Wednesday....
March 6, 2024
ExplainerMaritime accidents and safety
The Baltimore bridge disaster: what happened and who will pay?
...One focus is likely to be the protection and indemnity insurance covering the ship, a must-have liability insurance intended to pay out for crashes, oil spills and other disasters, the people said....
March 27, 2024
Unhedged
NYCB won’t be the last rates accident Premium content
...When I last wrote about NYCB, a month ago, I argued that its problems are largely company-specific and non-contagious. The bank, born of two mergers (one of them with Signature!)...
March 6, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Boeing Co
Boeing burns through $4bn in first quarter after door plug blowout
...Regulators have given the company until the end of May to submit a plan to improve....
April 24, 2024
Travel
Short cuts: Belgian plane crashes at Courchevel
...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....
February 23, 2024
News updates from January 11: US inflation edges up more than expected, Chesapeake and Southwestern to combine in $7.4bn deal
Boeing under investigation by US regulator after 737 Max accident
...The US Federal Aviation Administration said it would examine whether the products the company built matched the design specifications approved by regulators and whether they were in a safe condition to operate...
January 11, 2024
Artificial intelligence
Cloud giants offer only limited protection to businesses over AI copyright claims
...But an analysis of the indemnity clauses published by the cloud computing companies show that the legal protections only extend to the use of models developed by or with oversight from Google, Amazon and...
January 8, 2024
News in-depthBoeing Co
Higher fares and fewer planes: Boeing crisis forces airlines to cut services
...The company this week reported burning almost $4bn in cash in the first quarter....
April 25, 2024
LexBoeing Co
Boeing Max 9 accident sends its reputation into a tailspin Premium content
...The Max resumed flight in late 2020 but the crisis blackened the company’s reputation and cost it tens of billions of dollars in damages, government fines and lost orders....
January 8, 2024
Boeing Co
Boeing rejects whistleblower claim of 787 safety risks
...The regulator has limited the number of 737 Maxes Boeing can build per month to 38 and given the company until the end of May to submit a plan to improve quality....
April 15, 2024
Boeing Co
Boeing and supplier shares fall after mid-flight Alaska Airlines accident
...The accident occurred at about 16,000 feet and just 10 minutes into the flight, said NTSB....
January 8, 2024
John Gapper
Boeing is not responding to its 737 Max change of course
...Many of its engineers pine for its glory days and its former willingness to bet the company on progress: there is more excitement at companies such as Elon Musk’s SpaceX....
January 12, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
News updates from November 28: Berkshire Hathaway’s Charlie Munger dies, Dollar hits 3-month low after Fed official signals end to rate rises
Eleven dead in South African platinum mine accident
...“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....
November 28, 2023
Boeing Co
US regulator to investigate engine mishap on Boeing 737 aircraft
...Regulators looking for the cause of an accident or incident typically scrutinise the aircraft’s maintenance history, the actions of crew and ground staff, and the operating procedures of the airline, as...
April 7, 2024
The FT ViewThe editorial board
Boeing: how not to run a national champion
...Calhoun, a former GE executive, stabilised the company and repaired relations with regulators after the 737 Max 8 crashes....
March 21, 2024
News in-depthShipping
Surge in maritime violence boosts demand for private security forces
...the war, companies say....
April 21, 2024
Live news: German inflation ticks up unexpectedly but core reading drops
Vale and BHP propose $25bn reparations to settle Mariana disaster
...The proposal outlined on Monday by Rio de Janeiro-headquartered Vale comprises R$127bn ($24.9bn) in total payments to cover the 2015 Mariana accident, which killed 19 people and polluted hundreds of kilometres...
April 29, 2024
Boeing Co
Boeing engineer says safety concerns are ignored inside plane maker
...It has previously said retaliation is “strictly prohibited” at the company and said the 787 showed no sign of fatigue during testing....
April 17, 2024
Gilts
The growing fiscal drag of the BoE’s QE indemnity
...This indemnity kicked in last year, and since then money has flowed from Treasury to the Bank....
August 28, 2023
Boeing Co
Boeing CEO Dave Calhoun to step down as company battles safety concerns
...The company “must continue to respond to this accident with humility and complete transparency”, he said....
March 25, 2024
Ryanair Holdings PLC
Ryanair boss calls on Boeing to improve quality control after mid-flight accident
...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...
January 9, 2024
Northvolt AB
Two die in separate accidents at Northvolt gigafactory in Sweden
...The accident involving the crane on Thursday also seriously injured a second worker for NCC in his 20s. Police are investigating the incident and have cordoned off the construction site....
December 15, 2023

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