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Max 10 faces delays that may trigger costly changes

  Bloomberg Boeing Co’s program to certify a new version of its 737 Max jet is running behind schedule and may not meet an end-of-year deadline, aviation regulators warned in a letter. The Max 10, an extended version of the company’s flagship single-aisle jet that was grounded in 2019 after two fatal crashes, must be approved by the Federal Aviation ...

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Saudi grocer BinDawood buys majority stake in app developer

  Bloomberg Saudi Arabian grocery chain BinDawood Holding bought a majority stake in e-commerce app manager and developer International Applications Trading Co for an initial payment of $28.7 million that could increase subject to future profitability milestones. BinDawood Holding, through its Future Technology Retail unit, signed a definitive agreement to acquire a 62% stake in IATC, according to a statement. ...

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FAA to be led by safety chief Nolen

  Bloomberg The US Federal Aviation Administration’s (FAA) chief of safety is becoming the agency’s acting leader next week. Billy Nolen, who joined the FAA this year after a career as an airline pilot and executive, will be the temporary replacement for Steve Dickson, who is stepping down on Thursday. The appointment was announced in an FAA press release. The ...

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