The grounding of Boeing’s best-selling plane following two fatal crashes won’t “change the industry,” Berkshire Hathaway founder and CEO Warren Buffett said Thursday.
Boeing previewed its software fix, cockpit alerts and additional pilot training for its 737 Max planes on Wednesday, saying the changes improve the safety of the aircraft which has been involved in two deadly crashes since October.
33 Mins Ago The Department of Transportation is setting up a committee to review how the F.A.A. approves new aircraft. This just another part of the fallout following the grounding of Boeing’s 737 Max 8 aircraft. Bob Crandall, former American Airlines president, CEO and chairman, join “Squawk Box” by phone to discuss the latest developments
Airlines are preparing for more flight cancellations as Boeing readies a software fix for its best-selling 737 Max planes following two fatal crashes of the aircraft that prompted regulators around the world to ground the plane.
Hundreds of passengers survived a harrowing rescue operation after their luxury cruise liner experienced engine failure in stormy waters off the west coast of Norway. Viking Sky, which was carrying 1,373 people on board, sent out a mayday signal Saturday afternoon as it had been drifting toward land in the Norwegian Sea. Passengers had to
The Federal Aviation Administration, already under the gun for how it has handled the growing controversy surrounding the Boeing 737 Max, says reviewing a possible software fix for the grounded airplanes is “an agency priority.”
58 Mins Ago Consumer advocate Ralph Nader has been a long time critic of the F.A.A. but, unfortunately, now it’s personal. Nader’s great niece was killed along with over 300 others in one of the two Boeing 737 Max 8 crashes in the past year. He joins “Squawk Box” by phone to discuss the investigation
Saudi Arabia will be pumping $23 billion into a massive beautification project for its capital Riyadh, its government has announced. The plan, which will incorporate green space, recreational areas and more than 1,000 art installations, seeks to improve quality of life for the capital’s 5 million residents and prepare the country for the opening up
He’s known to millions as Drew Binsky.
Flight data recovered from the wreckage of an Ethiopian Airlines jet showed “clear similarities” to another deadly crash of that top-selling Boeing aircraft last October, according to the French accident investigator that downloaded the information.
The Equinox Golf & Spa Resort in Manchester Village, Vermont, is celebrating its 250th anniversary with a swank $250,000 package. Helicopter rides to and from New York or Boston are included, along with a weekend buyout at one of the property’s two historic inns. Package activities range from four rounds of golf and spa treatments
Marriott International said on Friday it was evaluating activist investor Jonathan Litt’s nomination for a seat on the hotel chain’s board. Litt is the founder of hedge fund Land & Buildings Investment Management, which owned a 0.03 percent stake in Marriott as of Dec. 31. Land & Buildings in recent weeks has privately urged Marriott
American Airlines on Friday suspended flights to and from Venezuela amid unrest, further isolating the South American country.
The U.S. Federal Aviation Administration on Wednesday joined dozens of other countries’ regulators in ordering airlines to ground new Boeing 737 Max planes, citing evidence linking a deadly crash of one of them in Ethiopia over the weekend to a similar fatal flight in Indonesia in October. (You can find more detail on why the
Travel agents and websites have begun to respond to consumer concern and the grounding of Boeing‘s 737 MAX planes, by changing policies and introducing options to allow customers to choose the type of aircraft they wish to fly on. Kayak.com, part of the Booking.com stable, was the first big travel search website to say it
31 Mins Ago The cause of the Ethiopian Airlines crash is still unknown, but most experts agree it is rare for two new planes to crash so soon after each other. Market participants are still trying to sort out what that means for the future of Boeing. Scott Nations, CIO and president of NationsShares, joins
2 Hours Ago Aviation authorities remain at the site of an Ethiopian Airlines plane that crashed southeast of the country’s capital, killing all 157 people on board. The Boeing 737 MAX 8 aircraft, which was bound for the Kenya, came down minutes after taking off. CNBC’s Phil LeBeau reports the latest details of the developing
An Ethiopian Airlines flight to Nairobi crashed early on Sunday with 149 passengers and eight crew members aboard, a spokesman for the airline told Reuters. “It is confirmed it happened 8.44 (am),” said the spokesman who did not give his name. The Ethiopian prime minister’s official Twitter account on Sunday expressed condolences to families of