SMN 2.67% 38.5¢ structural monitoring systems plc

More articles by the day, and more expising collusion between...

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    More articles by the day, and more expising collusion between FAA and Boeing re the latters (lack of) safety record. One wonders about the implications processes like that of CVM acreditation involving thise 2 parties.

    from a yahoo news article

    That bonanza was cast into doubt when the two crashes involving the 737 MAX, in 2018 and 2019, killed 346 people. The crash investigation exposed the same corporate culture pressures that pervaded the 787 production line. Although the direct cause of the crashes was faulty software, managers at every point in the 737 MAX production chain felt the imperative from above to get airplanes delivered. And they had—there were 387 of them flying worldwide when the whole fleet was grounded for twenty months.The CEO at the time of the crashes, Dennis Muilenburg, was fired—but he collected more than $80 million in pay and benefits. He was succeeded by Calhoun.

    The crash investigation found an unhealthy collusion between Boeing and the FAA in cutting corners to certify the airplane as safe. The FAA has since transformed its oversight of Boeing, putting every part of the design, testing and production of airplanes under intense scrutiny. But the Boeing management wanted a scapegoat and—exhibiting a proclivity to reach down rather than up to place the blame—landed on a seasoned test pilot, Mark Forkner.
 
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