FAA blocks Boeing 737 MAX production expansion
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 25 January 2024
⏱️ 8 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Thursday, January 25th. I'm Julie Morgan. |
| 0:13.4 | The FAA blocks Boeing from expanding production of the 737 Max. |
| 0:18.6 | Intel opens a new chip factory and Chapstick is getting a new owner. |
| 0:24.0 | In yet another blow to Boeing, the FAA will not allow the company to expand production of its 737 Max aircraft. |
| 0:32.0 | The agency's decision comes in the wake of a January 5th incident |
| 0:36.3 | in which the door plug of an Alaska Airlines Max 9 |
| 0:40.0 | blew off the fuselage in midair. |
| 0:42.5 | All Max Nine's in the US have been grounded since then. |
| 0:46.5 | And in another incident that happened over the weekend, |
| 0:49.6 | a Boeing 757 jet operated by Delta Airlines on Saturday lost a nose wheel as the plane |
| 0:56.5 | lined up for takeoff at Atlanta's International Airport. FAA Administrator Mike |
| 1:02.1 | Whitaker said in a statement that the FAA will not agree to any requests from Boeing for an expansion in production or approve additional production lines for the 737 max until they're satisfied that the quality |
| 1:14.9 | control issues are resolved. However the FAA did provide some good news for |
| 1:20.4 | Boeing it will allow the grounded max Max Nine's to return to service following a comprehensive |
| 1:26.1 | inspection and maintenance process. |
| 1:28.8 | On Wednesday evening, Alaska Airlines said it anticipates it will resume Max Nine flights on January 26th. |
| 1:36.4 | United said its Max Nine's will take to the skies again two days later. |
| 1:42.0 | Intel has opened its Fab Nine chip factory in New Mexico. |
| 1:46.0 | This is part of a $3.5 billion investment announced in 2021 |
| 1:51.0 | to beef up manufacturing operations there. |
| 1:53.7 | According to the Dow 30 component, the factory in Rio Rancho |
... |
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