Boeing warns of 737 Max delays over quality problem

After the US aircraft manufacturer announced a production problem impacting its 737 Max planes, Boeing stock fell more than 6%. The aviation behemoth claimed that a supplier had discovered that the fittings on the backs of the aircraft were not installed in accordance with the specification. According to Boeing, there was no "immediate safety of flight issue" with the issue. But it issued a warning that supply delays might result. The company issued a statement saying, "We regret the impact that this issue will have on affected consumers and are in communication with them regarding their delivery timeline. The potential issue arises at a time when Boeing is under severe investigation following two crashes involving its 737 Max planes that claimed 346 lives in 2018 and 2019. Authorities claimed that design problems in the flight control software were at blame for the incidents. In the end, Boeing reached a $2.5 billion deal with US authorities who had accused the company of keeping regulators in the dark about system changes. Investors may be overreacting, according to Thomas Hayes, chairman and managing member at Great Hill. Following the revelation, shares of Boeing supplier Spirit Aerosystems fell more than 20% on Friday. But he went on to say, "I can understand why it's a shoot first and ask questions later because Boeing has impaired their trust with investors over the constant and repeated errors over the last few years." Following the incidents, Boeing's 737 Max was grounded for more than a year. In addition, the company has experienced a number of supply problems as it strives to increase output and get out from under the shadow created by the scandal. Due to a difficulty with their data processing, the company was forced to cease widebody 787 Dreamliner deliveries in February. Last month, US transportation regulators gave Boeing the go-ahead to commence deliveries. The new problem, which affects the 737 Max family of aircraft, including the Max 7, Max 8, and Max 8200 aircraft, as well as Boeing's P-8 Poseidon maritime surveillance aircraft, Boeing stated affected a "significant number" of undelivered jets in production and in storage. Some of the involved aircraft are already in use. According to the business, checks will be conducted and fittings would be changed "where necessary" in cooperation with regulators. The fleet currently in service can continue to operate safely, the airline stated, adding that there is no imminent threat to flight safety. Airlines, which have been rushing to modernize their fleets as demand for air travel increases, may experience challenges that are made worse by Boeing delivery delays. One of Boeing's major clients, Southwest Airlines, predicted that the new problem would cause its orders to be delayed, while United Airlines stated that it did not anticipate being impacted. American Airlines stated that it was currently analyzing the effects. Other stories How consuming too much water can cause death Quit requesting it from your girl; you don’t need to know. NPP Primaries: Kennedy Agyapong ‘cries out’ that his opponents are trying to ruin his chances by using money. Asamoah Gyan is someone I aspire to be like, says Antoine Semenyo From March 26 to March 29, police will divert traffic in Accra and Cape Coast.