Boeing deliveries to China delayed by condition regulator evaluate, Reuters resource states

Boeing deliveries to China delayed by condition regulator evaluate, Reuters resource states


An aerial picture shows Boeing 737 Max airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, on March 21, 2019.

Lindsey Wasson | Reuters

Boeing’s aircraft deliveries to China have been delayed in recent months owing to a Chinese regulatory evaluation of batteries connected to the cockpit voice recorder, a resource familiar with the matter told Reuters.

The U.S. planemaker explained in a assertion it is operating with Chinese prospects on the timing of their deliveries pending a assessment by the Civil Aviation Administration of China of batteries contained in just the 25-hour cockpit voice recorder.

In a calendar year-conclusion 2023 filing, Boeing stated it experienced approximately 140 737-8 plane in stock, such as 85 plane for prospects in China. Boeing has delivered 22 plane to China in 2024 by way of the end of April.

Boeing mentioned the Federal Aviation Administration has licensed this procedure, which stores additional data than previous cockpit voice recorders.

China in March Boeing gave authorization previous thirty day period to resume deliveries of its 737 Max 8 to local consumers, ending an import freeze on the U.S. planemaker’s most worthwhile jets which arrived shortly right after its 1st shipping and delivery in 2019.

China was the first place to ground Max jets immediately after two incidents in 2018 and 2019 that killed virtually 350 persons.



Supply

Copper now costs way more in the U.S. than elsewhere. This could hit its economy hard
World

Copper now costs way more in the U.S. than elsewhere. This could hit its economy hard

Close up of electrical engineer inspecting copper windings in an electrical engineering factory. Monty Rakusen | Digitalvision | Getty Images The cost of copper for U.S. buyers has rocketed after President Donald Trump said he would impose a 50% tariff on imports of the metal. It means that already elevated prices are now even higher […]

Read More
Merck shells out  billion for London-based lung therapy firm Verona
World

Merck shells out $10 billion for London-based lung therapy firm Verona

Bloomberg | Bloomberg | Getty Images Merck will buy UK-based Verona Pharma for about $10 billion, the companies said on Wednesday, strengthening the U.S. firm’s respiratory treatment portfolio in a bid to diversify its revenue source beyond blockbuster cancer drug. Merck has been leaning on its aging cancer immunotherapy Keytruda, the world’s top-selling prescription medicine, […]

Read More
Singapore state investor Temasek is rethinking defense as a strategic ESG bet
World

Singapore state investor Temasek is rethinking defense as a strategic ESG bet

Defense stocks are booming — and according to one of Asia’s biggest investors, allocating capital to the sector doesn’t mean having to abandon ESG initiatives. Speaking to CNBC’s Martin Soong on Wednesday, Rohit Sipahimalani, chief investment officer at Singapore’s state investment fund Temasek, said his team were looking at opportunities in the European defense sector. […]

Read More