Elon Musk, FAA and Resign
· 16m · on MSN
The FAA is facing a major crisis without a leader because Elon Musk pushed him out
FAA Chief Role Remains Vacant Amid Horrific Plane Crash After Elon Musk Pressured Previous Leader to Resign
FAA Administrator Quit on Jan. 20 After Elon Musk Told Him to Resign
The Federal Aviation Administration’s leader stepped down on Jan. 20, months after Elon Musk demanded that he quit. The move by Michael Whitaker means the FAA has no Senate-confirmed leader for one of the biggest crises in its history because he quit before Donald Trump took office.
U.S. President Donald Trump on Thursday said he had appointed a former senior aviation official as the acting head of the Federal Aviation Administration, a day after the deadliest U.S. air disaster in more than 20 years.
BA stock, with -32% returns since the beginning of 2024, has significantly underperformed the S&P 500 index, up 27%.
Boeing said on Tuesday it was making progress on increasing plane production, and its shares jumped nearly 8%, despite the company recording its biggest annual loss in four years.
Despite more than $11 billion lost last year, investors are growing more optimistic about Boeing’s financial health. On Tuesday, the plane maker released fourth-quarter earnings showing nearly $4 billion in losses.
Boeing reported a hefty fourth-quarter loss Tuesday following a bruising 2024, but shares rallied on hopes that early turnaround signs under a new CEO may bear fruit.The US aviation giant reported a fourth-quarter loss of $3.
On today’s briefing we talk about DeepSeek’s impact on travel, AirAsia Move’s new chairman, and Boeing’s sunny take on cloudy earnings.
The FAA initiated the rulemaking process to avert serious injuries to seated occupants on the seats of Boeing 787-8, 787-9, and 787-10 aircraft.
President Donald Trump's nominee to head the U.S. Transportation Department said he will keep in place a cap on production of Boeing 737 MAX planes put in place after a mid-air panel blowout last year until he is satisfied it can be safely raised.
Boeing posted weaker-than-expected Q4 2024 earnings as labor strikes and defense program charges weighed heavily on its results.
Boeing argued that the exemption would enable quicker certification and delivery of the 737 MAX 7 and 737 MAX 10 aircraft.
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