Following an in-flight emergency earlier in the year, the Federal Aviation Administration (FAA) announced Friday that it is conducting a new safety examination of Boeing's (BA, Finacials) operational safety procedures, adding to its scrutiny.
With a greater focus on topics like response time, risk-assessment quality, and resource allocation, the FAA said the study will look at Boeing's compliance with safety criteria. Ensuring Boeing gives the government accurate and timely safety-related information is the core objective, with the review expected to run three months.
Moreover, this measure comes under scrutiny from the Office of Inspector General of the U.S. Department of Transportation, which revealed that the FAA doesn't have the suitable mechanism to monitor Boeing's individual manufacturing sites.
Furthermore, Boeing was under more fire at the same time since an American Airlines 787-9 Dreamliner Boeing was taken out of service. The incident happened at Chicago's O'Hare Airport, where a witness was said to have observed the airplane's engine swallowing a cargo container on the taxiway. It's important to note that Boeing's shares dropped almost 0.2% following the announcement. As authorities monitor its safety and operating policies, the corporation continues experiencing ongoing difficulties.
