Kaltbaum Capital Management President Gary Kaltbaum shares his thoughts on the resumption of commercial flights for the Boeing 737 MAX, advances in drone technology and the record number of deliveries from Amazon this year.
Federal Aviation Administration administrator Steve Dickson ordered the agency’s aviation security experts to issue an Emergency Airworthiness Directive requiring “immediate or intensified inspections of Boeing 777 aircraft equipped with certain Pratt & Whitney PW4000 engines”.
“This will likely mean that some planes will be taken out of service,” said FAA administrator Steve Dickson in a statement posted on Twitter.
According to the FAA, aviation security experts will meet on Sunday night to finalize the order details and any accompanying service bulletins to ensure that the appropriate planes are included. The 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 suffered an engine failure after taking off from Denver International Airport on Saturday, but landed safely after throwing debris over northern Colorado.
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| BA | BOEING COMPANY | 217.47 | +8.99 | + 4.31% |
A Boeing spokesman did not immediately return FOX Business’s request for comment.
This is a developing story. Please check again for updates.