We interviewed GraniteShares' CEO Will Rhind from New York, soon after they launched a suite of ETP's which allow you to invest in three different baskets of giant US tech stocks. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

UPDATE 1-Europe regulator sees November lifting of Boeing 737 MAX flight ban

Fri, 25th Sep 2020 11:49

(Adds detail)

PARIS, Sept 25 (Reuters) - Boeing's grounded 737 MAX could
receive regulatory approval to resume flying in November and
enter service by the end of the year, Europe's chief aviation
safety regulator said on Friday.

"For the first time in a year and a half I can say there's
an end in sight to work on the MAX," said Patrick Ky, executive
director of the European Union Aviation Safety Agency (EASA).

EASA expects to lift its technical ban "not long" after the
U.S. Federal Aviation Administration (FAA), probably in
November, but national operational clearances needed for
individual airlines to resume flying in Europe could take
longer, he said.

"We are looking at November," he said when asked when the
technical ban would be lifted. China is expected to take longer
to give its own approval, he said, without elaborating.

Cologne-based EASA, which regulates air safety in 32 mainly
European Union countries, has locked horns with the FAA and
Boeing over the scope of an international review into 737 MAX
systems following two fatal crashes in 2018 and 2019.

All but one of the differences has been resolved, he said,
with EASA, supported by some unions, calling for pilots to be
able to manually cut power to a "stick shaker" alarm system
suspected of distracting Lion Air and Ethiopian Airlines crew.

The main focus of the review has surrounded black-box
evidence that bad data from a single faulty flight-angle sensor
triggered a cockpit software system that repeatedly pointed the
aircraft's nose down and overwhelmed the crew on both flights.

Boeing has said inputs from both "angle of attack" sensors
on the MAX will be used in the modified aircraft, instead of
just one in the past, but EASA has called for a third
"synthetic" sensor to provide independently computed data.

Ky said Boeing had agreed to install the computerised
third-sensor system on the next version of the plane, the
230-seat 737 MAX 10, followed by retrofits on the rest of the
fleet later.

Turning to Boeing's next development, Ky said EASA would
examine the 400-seat 777X development "much more closely" than
it would have done if the MAX grounding had not happened and pay
particularly close attention to flight control systems.
(Reporting by Laurence Frost, Tim Hepher; editing by Toby
Chopra and Jason Neely)

More News

Alphawave IP Group prices London IPO at up to $4.5 bln

May 6 (Reuters) - Alphawave IPO Group has set a price range for its planned London listing of 375 pence to 430 pence per share, putting it on course for a valuation of up to 3.2 billion pounds ($4.45 billion), bookrunner JPMorgan said on Thursday....

Today 07:22

Superdry sees 'light at end of tunnel' as returns to growth in Q4

LONDON, May 6 (Reuters) - British fashion retailer Superdry said it returned to growth in its fourth quarter, helped by online and wholesale, after COVID-19 disruption resulted in sales for the year falling 21% to 556.6 million pounds ($774 milli...

Today 07:13

Aston Martin posts smaller first-quarter loss

LONDON, May 6 (Reuters) - British carmaker Aston Martin posted a smaller first quarter loss in 2021 of 42.2 million pounds ($59 million) and said it continued to take steps towards profitability, maintaining its guidance of around 6,000 sales thi...

Today 07:11

Blinken says on Chinese investment in West: we have to be 'very careful'

LONDON, May 6 (Reuters) - U.S. Secretary of State Antony Blinken said the West had to be very careful about the exact nature of Chinese investment in Western economies."I think we have to be very careful about exactly what the nature is of that in...

Today 07:09

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.