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Boeing faces FAA audit of 737 Max latest manufacturing flaw

Bloomberg Boeing Co is facing an audit to determine why changes in its manufacturing practices on the 737 Max led to a hazard that went unnoticed for almost two years. The Federal Aviation Administration (FAA), which oversees Boeing and has meted out multiple civil penalties against the planemaker in recent years, said in a statement that it is also investigating ...

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ANA issues its surprise profit outlook amid limited air travel

Bloomberg ANA Holdings Inc issued a surprise profit outlook for the fiscal year, even as international air travel to and from Japan remains limited and countries across the globe recover from the pandemic at different speeds. Operating profit for the year through March 2022 will be 28 billion yen ($257 million), Japan’s No. 1 carrier said in a statement, seeking ...

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South Africa close to finding investor for grounded airline

Bloomberg South Africa is in the final stage of negotiations with a potential investor for its grounded flag carrier, a move that would give the airline a boost just as it emerges from bankruptcy protection. The deal will bring capital and “much-needed technical and commercial expertise” to South African Airways (SAA), the Department of Public Enterprises (DPE) said in a ...

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