Boeing’s redemption battle: Near-disaster sparks FAA scrutiny
In the wake of a near-disastrous incident involving a Boeing 737 Max 9, the company’s CEO, Dave Calhoun, faces intense scrutiny and a daunting path to redemption.
In the wake of a near-disastrous incident involving a Boeing 737 Max 9, the company’s CEO, Dave Calhoun, faces intense scrutiny and a daunting path to redemption.
FlySafair has expressed interest in buying Mango, the low cost airline of South African Airways should it be put up for sale.
Growing problems at South Africa’s state-owned enterprises are pushing major companies towards bankruptcy and subjecting the country to rolling blackouts that are choking growth.
According to Ted Black there is a major problem in Boeing’s books when you look at its cashflow, yet its bosses are focusing their spotlight on other, less useful, metrics.
President Cyril Ramaphosa has called on citizens to pay their electricity bills. Eskom is owed about R24bn.
Steinhoff announced on Monday that Theodore de Klerk would take over as its new CFO on September 1.
Efforts to get Boeing’s 737 MAX jetliners back in the air have been delayed by concerns about if pilots have enough strength to turn a manual crank.
Airlines worldwide must inspect 312 of Boeing’s 737 family of aircraft, including some of the grounded 737 Max, because they have wing components that are prone to cracking and must be repaired within 10 days.
Boeing didn’t share information about a problem with a cockpit safety alert for a year before the October crash of a 737 MAX jet in Indonesia.
Leading stocks upwards on the jSE were major food producers RCL Foods and the Pioneer Foods group. The share prices of both companies rose about 2.5%.