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Stock impact report

Canada revising deal aimed at validating U.S.-certified planes [Reuters]

Boeing Company (The) (BA) 
Last boeing company (the) earnings: 4/29 07:30 am Check Earnings Report
Company Research Source: Reuters
Canada revising deal aimed at validating U.S.-certified planes (Reuters) - Transport Canada said on Thursday it is revising a deal that would have reduced technical work done by the Canadian regulator when validating Federal Aviation Administration (FAA) certified aircraft like the Boeing 737 MAX. Canada validated the FAA’s March 2017 certification of the 737 MAX under a deal where such approvals by the United States are accepted by Canada and vice versa with some additional oversight. The aircraft was grounded a year ago following two crashes involving the model, one in Indonesia in October 2018 and a second in Ethiopia in March 2019. David Turnbull, director, national aircraft certification for Transport Canada, told an Ottawa hearing that he did not agree with the deal signed in November 2018 that would have gradually reduced the Canadian regulator’s technical workload when validating FAA-certified aircraft. “The mandate of that activity is in the process of being rewritten,” he to Show less Read more
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