Boeing Co shares fell by more than 2.2 percent early on Monday, after a pair of newspaper reports over the weekend raised more questions about the certification process for its 737 MAX jets before two recent deadly crashes.
A Wall Street Journal report on Sunday said that the US Transportation Department was probing the Federal Aviation Administration’s (FAA) approval of the 737 MAX and in particular its anti-stall (MCAS) system.
The Seattle Times separately reported that Boeing’s safety analysis of a new flight control system on 737 MAX jets had several crucial flaws.
Shares of the company have declined about 10 percent since the March 10 Ethiopian crash that killed 157 people, wiping nearly $25 billion off its market capitalization, according to Refinitiv data.
Ethiopia said on Sunday that the crash of the Ethiopian Airlines plane had “clear similarities” with October’s Lion Air crash.
The US Transportation Department’s inquiry, which was launched in the wake of the accident in October that killed 189 people, has warned two FAA offices to safeguard computer files, the WSJ reported.
Last Monday, Boeing said it would deploy a software upgrade to the 737 MAX 8, hours after the FAA said it would mandate “design changes” in the aircraft by April.
KCB could be the first East African side to progress through to the quarter finals should they win their clash with Egypt’s Sporting club Tuesday afternoon as the 2019 African Women Club Championship enters day.
KCB Head coach Japheth Munala has his eyes set on tomorrow’s clash and the topnotch tactician has made three positional changes is his squad.
Awin for KCB in the clash with the Egyptian side will see KCB storm straight into the quarter finals with one match to spare.
Munala has made three crucial changes in the squad that faced Congo’s DGSP.
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25-year-old Leonida Kasaya has been deployed from left to centre position during this clash. Kasaya who has been an ardent player for the last 14 years will be key to stemming the opponents flow.
“She is very swift and her blocks are good and that’s what we need for this particular match” said Munala.
Jemimah Siangu has also been moved to left from centre position owing to her good blocks, great reception and powerful attacks.
The coach is also expected to switch right/centre Violet Makuto from centre to the right position.
“Makuto’s blocks and attacks are exemplary and her back court defense is crucial for this game” said Munala.
KCB are the current group B leaders with a ratio of 1.744 with 75 points so far. Carthage of Tunisia are second after losing 55 points in the clash with Sporting to settle for a cumulative ratio of 1.364.
The bankers edged out DGSP 3-0 with sets of 25-14, 25-12 25-17 in a match that lasted one hour and 12 minutes.