Money talks: Boeing grounded
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 12 March 2019
⏱️ 23 minutes
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| 0:00.0 | Hello I'm Simon Long International Editor at The Economist and this is Money Talks on Economist |
| 0:09.4 | coming up on today's show how Chinese tourists are helping shift the country's current account from surplus to deficit. |
| 0:18.0 | And what hurdles does Volkswagen face as it tries to go green. |
| 0:23.0 | First though, |
| 0:28.0 | Britain, Singapore and Australia have become the latest airlines to ground Boeing's 737 Max airplane |
| 0:35.6 | after two deadly crashes in the past five months. |
| 0:39.1 | In the latest on March the 10th, a virtually new Boeing 737 Max airliner crashed near Addis Ababa within minutes of taking |
| 0:46.4 | off, killing all 149 passengers and 8 crew aboard. In October last year a similar crash killed 189 people in the sea off |
| 0:56.1 | Indonesia. The crashes raise questions about the safety of the American aircraft |
| 1:01.3 | makers top selling planes. |
| 1:04.0 | Charles Reed, the economist travel blogger Gulliver, has been following the story. |
| 1:11.0 | Charles, obviously the superficial similarities between these two crashes are alarming, |
| 1:17.0 | but we're still waiting for the authorities to review the black boxes and give a ruling. |
| 1:22.0 | How unusual is it for countries to ground planes before that |
| 1:26.2 | ruling has come? |
| 1:27.2 | Well it has happened before to in 2013 with Boeing 787. There are problems with Boeing 787 there are problems with the lithium-ion batteries on that plane and |
| 1:37.6 | those planes were grounded for three months but I think the big difference is that those batteries didn't cause any fatal accidents |
| 1:47.1 | which kill passengers whereas the possible problems which caused these two crashes have killed quite significant |
| 1:54.5 | numbers of people and if we look at new plane types in general new planes don't |
| 2:00.9 | tend to crash so not only to have one but two crashes of a new airplane |
| 2:06.1 | is rather worrying whether or not they're crashes were caused by the same problem. |
| 2:13.0 | And what is the company Boeing itself saying about this, |
... |
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