News World Airlines urge regulators to work together to return 737 MAX to service

Airlines urge regulators to work together to return 737 MAX to service

Global airlines on Thursday urged regulators to coordinate on technical requirements and timelines for the safe re-entry to service of the Boeing Co 737 MAX aircraft, which was grounded in March after two fatal accidents.

The statement from the International Air Transport Association (IATA) came a day after an IATA summit to discuss the grounding of Boeing’s top-selling passenger jet, which has disrupted plans and hit profits at several airlines.

It also followed news on Wednesday that the U.S. Federal Aviation Administration (FAA) had identified a new risk that Boeing must address on the 737 MAX before it can return to service.

The FAA did not elaborate on the latest setback, but sources familiar with the matter told Reuters it was discovered during a simulator test last week and it was not yet clear if the issue could be addressed with a software upgrade or would require a more complex hardware fix.

Boeing shares fell 4% to $359.78 in pre-market trade, while shares of some suppliers, such as Britain’s Senior Plc, also dropped sharply.

Downgrading its rating on Senior to “equal weight”, Barclays said it expected a widespread “supplier reset” following the grounding of the 737 MAX, with the impact on 2020 results not yet factored into analysts’ consensus forecasts.

“Aviation is a globally integrated system that relies on global standards, including mutual recognition, trust, and reciprocity among safety regulators,” IATA said in its statement.

“Aviation cannot function efficiently without this coordinated effort, and restoring public confidence demands it,” IATA added, calling also for global alignment on additional training requirements for 737 MAX flight crew.

Travel firm TUI said on Thursday it did not expect an additional financial impact after the FAA’s latest warning on the 737 MAX. TUI has already taken a 300 million euro ($341 million) hit to remove the jet from its summer schedules.

(Reuters)

Top Stories

126 new cases, two deaths announced on Monday

The Health Ministry announced the death of two persons due to COVID-19. This raises the death toll from the virus in Cyprus to 188,...

Where to get antigen rapid tests on Tuesday, 26 January

The Health Ministry announced the following antigen rapid test sites for Tuesday, 26 January 2021:   LIMASSOL Church of Panagia Chrysaifyliotissa, Agia Fyla 08:30-16:30 Church of Panagia Evangelistria,...

Cyprus government aims at gradual lifting of restrictive measures

The Cyprus government aims at the gradual lifting of restrictive measures against the spread of COVID-19 in the context of a concrete plan, with...

Shot flamingo found in Paralimni lake

Birdlife Cyprus announced that a flamingo was found wounded in the Lake of Paralimni. Members managed to save the bird and take it to a...

Epidemiologists agree to include colchicine in treatment protocol

The scientific team of the Health Ministry is ready to include colchicine in the treatment protocol to face COVID-19, Konstantinos Tsioutis, assistant professor of...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...