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Employees work on Boeing 737 MAX airplanes at the Boeing Renton Factory in Renton, Washington on March 27, 2019.

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The acting head of the Federal Aviation Administration told lawmakers Wednesday that Boeing should have given pilots more information about a new anti-stall system that is suspected in two deadly crashes of the 737 Max since October.

“I, as a pilot, when I first heard about this, I thought there should have been more text in the manual” about the MCAS anti-stall system Boeing added to the planes before they were delivered to customers, Daniel Elwell, the FAA’s acting administrator, told a House aviation subcommittee.

The fast-selling 737 Max has been grounded worldwide after the second crash, in Ethiopia in March. The first crash, in October, happened in Indonesia. The crashes killed 346 people.

Investigators have pointed to erroneous sensor data that fed into the planes’ new, automated anti-stall system in the crashes shortly after takeoff in both deadly flights. Some pilots complained that they weren’t aware the MCAS system existed on the planes until after the crash of the Lion Air flight in Indonesia.

Audio surfaced this week of a tense meeting in November in which airline pilots confronted a Boeing executive after the Lion Air crash, angry that they weren’t informed about the system. Boeing vice president Mike Sinnett reportedly told the pilots “In a million miles you’re going to maybe fly this airplane, maybe once you’re going to see this ever,” according to a report in The New York Times.

The FAA is facing several investigations about its role in approving the new planes in 2017 as well as heightened scrutiny of its practice of using company employees to help certify the aircraft before the planes are delivered to airlines.

Elwell also said Boeing engineers discovered a problem with displays that show if sensors on the plane were giving bad information, but the FAA didn’t find out about it for more than a year. The sensors in question transmit what is known as the angle of attack — the angle of the aircraft relative to oncoming air.

“I am not happy with 13-month gap” between the discovery by Boeing and when the FAA and customers found out, Elwell said. He added that the displays are not critical to flight safety and that the agency welcomes scrutiny and has room to improve. Boeing did not immediately respond to a request for comment.

Some lawmakers criticized the FAA for its oversight and questioned its longtime practice of using manufacturers own employees to help speed aircraft certification.

“The FAA needs to fix its credibility problem,” Rep. Rick Larsen, D-Wash., and chairman of the subcommittee on aviation, said in prepared remarks.

Rep. Peter DeFazio, D-Ore., said “Boeing is yet to provide a single document” to the House panel about the plane.

Boeing is working on a fix for the planes that would give pilots more control over the system and use data from two, instead of one sensor, but the grounding has already pinched some airlines’ revenue and is threatening to crimp sales further if the planes remain off limits during the peak summer travel season.

“If the public doesn’t feel safe about flying then they won’t fly,” Larsen said.

Elwell said the FAA will allow the planes to fly again once it’s “absolutely safe to do so. … It’s important we get this right.”

Also Wednesday, the Senate Committee on Commerce, Science and Transportation is holding a nomination hearing for President Donald Trump‘s pick to run the FAA, former Delta Air Lines executive Stephen Dickson.

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Twitter exchange with Elon Musk lands a British man a job at Tesla

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Elon Musk, chairman and CEO of Tesla, addresses a press conference in Beijing on October 23, 2015.

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Tesla has hired a British man behind a viral tweet that caught the attention of Elon Musk last month.

Adam Koszary, who engineered a viral Twitter exchange between Musk and an English museum, will begin a new role as Tesla’s social media manager in July.

Back in April, Koszary, the digital lead for the Museum of English Rural Life (MERL), tweeted a photo of a ram with the caption: “Look at this absolute unit.”

The picture has been liked more than 100,000 times to date – and its popularity really took off when Elon Musk used the image as his own profile picture on Twitter.

“I’m an absolute unit too,” he said in a tweet, temporarily changing his Twitter bio to “absolute unit.”

In response, the MERL switched its own picture for one of Elon Musk, sparking an ongoing exchange between the two accounts.

Koszary, who had been due to start a new job at the U.K.’s Royal Academy of Arts (RAA), announced on Twitter on Tuesday that he had instead accepted a role with Tesla.

“I’m no longer moving to the Royal Academy. Instead, I’ll be Tesla’s Social Media Manager from July,” he said.

The RAA said in a tweet on Tuesday that it was “very sad that the lovely and talented Adam now won’t be joining us, but know he’ll do a great job at Tesla.”

A spokesperson for Tesla was not immediately available for comment when contacted by CNBC.



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People in these cities earn world’s highest salaries, research says

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San Francisco, California

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Average salaries in San Francisco have risen by 31% since 2018, with the city taking the crown for the highest-paying city in the world this year, according to Deutsche Bank research.

In 2019, people in San Francisco can expect to be paid an average of $6,526 per month — that’s 142% more than the average New Yorker’s income.

Deutsche Bank’s analysis, which compared incomes and living costs in 56 cities worldwide, found that average earnings in San Francisco, where residents had the strongest purchasing power in the world, had increased by 88% over the last five years.

Zurich, Switzerland, came in second, offering an average monthly income of $5,896, although it lost the top spot this year after seeing average earnings decline by 18% over the last five years.

New York City, with average monthly earnings hitting $4,612, was the third highest-paying city in the world. Monthly salaries saw a year-on-year increase of 12% in New York, helping the city hold onto the third spot in the ranking.

Boston and Chicago, which both offer monthly incomes in excess of $4,000, were also ranked among the 10 highest paying cities.

The 10 highest paying cities

  1. San Francisco, U.S.
    Monthly salary: $6,526
  2. Zurich, Switzerland
    Monthly salary: $5,896
  3. New York, U.S.
    Monthly salary: $4,612
  4. Boston, U.S.
    Monthly salary: $4,288
  5. Chicago, U.S.
    Monthly salary: $4,062
  6. Sydney, Australia
    Monthly salary: $3,599
  7. Oslo, Norway
    Monthly salary: $3,246
  8. Copenhagen, Denmark
    Monthly salary: $3,190
  9. Melbourne, Australia
    Monthly salary: $3,181
  10. London, U.K.
    Monthly salary: $2,956

A number of the cities paying the highest salaries had seen a decline in earnings, the data showed. Sydney, Australia, was ranked sixth on the list, but its residents’ incomes decreased 8% year-on-year and were nearly 20% lower than they were five years ago. Meanwhile earnings in Oslo lost 11% since 2018 and were a third lower than five years previous, and London’s incomes were 13% lower than they were last year.

The biggest year-on-year losses were seen in Buenos Aires, Argentina, where a decline of 45% left monthly incomes at $527.

Salaries in Johannesburg, South Africa, fell by 26% and came in at $1,223 per month in 2019, while the Turkish city of Istanbul saw earnings tumble 31%, leaving residents with $433 each month.

Cities offering the lowest monthly incomes were Cairo, Egypt, where residents earned $206, and Lagos, Nigeria, where residents were paid $236 per month, according to Deutsche Bank.

Monthly rent

Hong Kong, which has notoriously high housing costs, was the most expensive city for renting a mid-range two-bedroom apartment. Average earnings came in under $2,500, but rent costs were $3,685 — that’s 127% higher than the cost of renting a similar apartment in New York.

San Francisco and New York were the next most expensive cities for apartment rentals, while Cairo, Bangalore and New Delhi were the cheapest.

  1. Hong Kong
    Monthly rent for average 2-bedroom apartment: $3,685
  2. San Francisco, U.S.
    Monthly rent for average 2-bedroom apartment: $3,631
  3. New York, U.S.
    Monthly rent for average 2-bedroom apartment: $2,909
  4. Zurich, Switzerland
    Monthly rent for average 2-bedroom apartment: $2,538
  5. Paris, France
    Monthly rent for average 2-bedroom apartment: $2,455

Disposable income

Despite being one of the most expensive cities in the world for housing costs, San Francisco’s residents had the most disposable income leftover after paying their rent, with the analysis assuming two working people were sharing a two-bedroom apartment.

According to the researchers, San Franciscans could have $4,710 left to spend each month after paying their rent, which is 149% more than New Yorkers were expected to have leftover.

Residents of Zurich had the second highest disposable incomes, with $4,626 per month leftover after rent. U.S. cities dominated the top five, with Chicago, Boston and New York rounding out the list.

  1. San Francisco, U.S.
    Disposable income after rent: $4,710
  2. Zurich, Switzerland
    Disposable income after rent: $4,626
  3. Chicago, U.S.
    Disposable income after rent: $3,298
  4. Boston, U.S.
    Disposable income after rent: $3,188
  5. New York City, U.S.
    Disposable income after rent: $3,157
  6. Sydney, Australia
    Disposable income after rent: $2,615
  7. Melbourne, Australia
    Disposable income after rent: $2,485
  8. Oslo, Norway
    Disposable income after rent: $2,342
  9. Copenhagen, Denmark
    Disposable income after rent: $2,285
  10. Wellington, New Zealand
    Disposable income after rent: $2,075

Despite being low down when it came to housing costs, people who live in Cairo, Egypt, Dhaka, Bangladesh and Philippine capital Manila had the least disposable income left after paying rental costs, according to Deutsche Bank.

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UK inflation rises less than Bank of England expected in April

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British inflation rose last month by less than investors and the Bank of England had expected but still hit its highest level this year, pushed up by a rise in energy bills.

Consumer prices rose at an annual rate of 2.1% in April after a 1.9% increase in March, the Office for National Statistics said on Wednesday. A Reuters poll of economists had pointed to a rate of 2.2%, the same as the BoE’s forecast.

A recent weakening of inflation, combined with the lowest unemployment rate in 44 years and rising wages, has taken the edge off the uncertainty about Brexit for many households whose spending drives Britain’s economy.

But starting in April Britain’s energy regulator increased a price cap on energy providers by 10% and all big six suppliers raised their standard prices by the same amount — something the BoE said would push inflation above target briefly.

Electricity and gas prices were the biggest driver of inflation last month, the ONS said. Computer game and package holiday prices helped to offset the impact of the higher bills.

Britain’s modest rate of underlying inflation is helping the BoE to hold off on fresh interest rate hikes while it waits for the outcome of Britain’s Brexit impasse.

The ONS figures also suggested less short-term pressure in the pipeline for consumer prices than expected.

Among manufacturers, the cost of raw materials – many of them imported – was 3.8% higher than in April 2018, much less than the 4.5% rise predicted by the Reuters poll.

Manufacturers increased the prices they charged by 2.1% last month compared with 2.2% in March, slightly less than forecast.

The ONS said house prices in March rose by an annual 1.4% across the United Kingdom as a whole compared with 1.0% in February, marking the first increase in house price inflation since September. Prices in London alone fell by 1.9 percent, a smaller drop than in February.

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