Gary Kaltbaum, president of Kaltbaum Capital Management, shares his thoughts on the resumed Boeing 737 MAX with commercial flights, advances in drone technology and this year’s record-breaking number of Amazon deliveries.
Federal Aviation Administrator Steve Dickson has instructed the agency’s aviation safety experts to issue an emergency directive requiring “immediate or intensified inspections of Boeing 777 aircraft with certain Pratt & Whitney PW4000 engines.”
“This is likely to mean that some aircraft will be taken out of service,” FAA administrator Steve Dickson said in a statement on Twitter.
According to the FAA, air safety experts are meeting on Sunday evening to finalize the details of the order and the accompanying service bulletins to ensure that the appropriate aircraft are included. Exact details of the inspection will be specified in the emergency order.
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The move comes in response to a United Airlines flight that experienced an engine outage after taking off from Denver International Airport on Saturday but landing safely after dumping debris over northern Colorado.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| BA | BOEING COMPANY | 217.47 | +8.99 | + 4.31% |
A Boeing spokesman did not immediately return FOX Business’ request for comment.
This is an evolving story. Please come and check for updates.