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2021 Brings Tough Insurance Market for Airplanes, Copters & More
Apr 5 2021 // The aviation insurance market is feeling the pressure on rates and availability after 10 years of soft conditions. Eric W. Barfield, chief operating officer at Assured Partners’ Aerospace division, says this small...
Boeing Directors Seek Dismissal of Investors’ Lawsuit Over 737 MAX Safety
Mar 30 2021 // Boeing Co. asked a Delaware court to throw out a shareholders’ lawsuit over the safety of its 737 MAX following fatal crashes, saying the board engaged in “robust and well-established” oversight of...
Hundreds of Flights Canceled During China’s Worst Sandstorm in Decade
Mar 16 2021 // BEIJING – China’s capital and a wide swath of the country’s north were enveloped Monday in the worst sandstorm in a decade, leading to the cancellation of hundreds of flights. Skyscrapers in the center of...
Reuters: Feinberg to Oversee Boeing 737 $500M Victim Compensation Fund
Mar 10 2021 // Prominent attorneys Kenneth Feinberg and Camille Biros have been named to oversee a $500 million victim compensation fund for the relatives of 346 people killed in two fatal Boeing 737 MAX crashes, a spokeswoman for...
Crash Victims’ Families Seek Boeing CEO Testimony; Lawmakers Seek FAA Records
Mar 1 2021 // Relatives of victims of a Boeing Co. 737 MAX crash in Ethiopia that occurred five months after an Indonesian Lion Air disaster are stepping up pressure on the American planemaker and the federal government, according to a...
U.S. Fines Boeing $6.6 Million Over Safety Pact Noncompliance, Enforcement Cases
Feb 26 2021 // Boeing Co. agreed Thursday to pay $6.6 million in penalties to the Federal Aviation Administration (FAA) after U.S. regulators said it failed to comply with a 2015 safety agreement and cited other safety concerns. The...
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