FAA charges $12 million in Penalty on Boeing
The US Government will receive a penalty of $12 million from Boeing, which has also agreed to modify its commercial aircraft production procedures. The penalty is in lieu of settlements of complaints regarding Boeing’s failure to meet safety and quality standards. The second-highest enforcement penalty has been reached by the Federal Aviation Administration (FAA).
According to the FAA, Boeing will have to pay up to $24 million in additional penalties in case it fails to keep up with the agreement over a period of next five years. Under the agreement, Boeing is required to enhance its management oversight, accountability and internal audits. Furthermore, the company is supposed to organize additional training programs and gradually follow more stringent quality and timeliness performance parameters.
The agreement has been formed to settle two FAA enforcement cases and 11 other complaints registered with Boeing during last few years. One of the two FAA cases involve the missing of deadline by Boeing to give directions to airlines for fitting 747 and 757 jets in 2012, to avoid the explosion of fuel tanks. It became mandatory to install these devices following the explosion of a TWA-operated 747 jumbo jet in 1996. In 2013, Boeing installed inappropriate fasteners on 777s and subsequently failed to resolve the issue during the next two years.
Boeing repeatedly failed to achieve the deadlines of its own action plans, according to the FAA. Boeing’s infringements include postponing installment of crucial safety equipment and unable to supervise its own production processes. However, now Boeing has reported that it has already completed several enhancements, as required under the accord, while others are under process.
- Casino tycoon Sheldon Adelson emerges as biggest US political donor over past two decades
- Donald Trump losing voter base and attacks Bubba Wallace on Twitter
- Illinois Governor Pritzker signs legislation into law, reducing taxes on Chicago integrated resort’s GGR
- Nebraska voters likely to face commercial Casino Ballot referendum in November 2020
- DraftKings signs deal with Casino Queen to offer sports betting services in Illinois
- Morongo Casino Resort employee tests positive for COVID-19 weeks after reopening
- MGM Resorts’ Excalibur Hotel & Casino in Las Vegas to reopen its doors on Thursday
- Nikola Motors stock jumps after the company announced electric truck reservation date
- Nevada’s El Cortez Hotel & Casino excited to welcome guests back after prolonged COVID-19 lockdown
- Fantasy Springs Resort Casino reopens its doors to the public
New Zealand News
- Bridge Investment ordered to stop work on Tinian Casino project due to lack of permits
- Philippines government warns public not to patronize illegal online gambling operations
- Eldorado Resorts’ capital raising plans could be catalyst to finalize $17.3bn Caesars deal
- BetConstruct obtains license to offer Sportsbook and Casino products in Swedish market
- SkyCity reports “encouraging” business since reopening of three casinos following COVID-19 shutdown
A study was conducted to evaluate the effect a...Read More
Tech biggie Google’s recent filing with the US...Read More
Docker CEO Ben Golub said in an earlier-this-week...Read More
In a blog post published on Thursday, Facebook’s...Read More
Tech giant Microsoft has announced the launch of a...Read More