FAA proposes $715,000 fine for Allegiant over engine work [FOX Business Network]
Boeing Company (The) (BA)
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Source: FOX Business Network
FAA proposes $715,000 fine for Allegiant over engine work article Federal safety regulators have proposed a fine of more than $715,000 against Allegiant Air, saying the discount airline failed to properly fix an engine that put out hotter-than-normal exhaust fumes. Continue Reading Below Allegiant said Friday that it followed a procedure approved by the manufacturer and the government. The incident happened in April 2018 with one of the McDonnell-Douglas MD-88 planes that Allegiant has since retired. The Federal Aviation Administration said after a takeoff in Virginia, Allegiant properly turned off the automatic reverse thrust system on the engine, as recommended by the manufacturer. But rather than taking the next step of finding the reason that the exhaust gas was too hot, Allegiant deactivated the jet's reverse thrust system and operated 28 flights over the next eight days, the FAA said. Allegiant said it followed a procedure developed by McDonnell-Douglas — now part of Boeing Co.
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News
- The Boeing Company (NYSE: BA) had its price target lowered by analysts at Citigroup Inc. from $252.00 to $224.00. They now have a "buy" rating on the stock.MarketBeat
- Astronauts thrilled to be making first piloted flight aboard Boeing's Starliner spacecraft [CBS News]CBS News
- Boeing's Starliner set to fly astronauts for the first time on May 6 [TechCrunch]TechCrunch
- Lufthansa confirms 'rough landing' by Boeing 'training flight' caught on camera bouncing off LAX runway [FOX Business Network]FOX Business Network
- The Boeing Company (NYSE: BA) had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $240.00 to $225.00. They now have a "buy" rating on the stock.MarketBeat
BA
Earnings
- 4/24/24 - Beat
BA
Sec Filings
- 4/24/24 - Form PX14A6G
- 4/24/24 - Form 10-Q
- 4/24/24 - Form 8-K
- BA's page on the SEC website