Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Business

Britain clears Boeing 737 MAX for return to service

2021 01 27T161749Z 1 LYNXMPEH0Q174 RTROPTP 4 BOEING RESULTS - Global Banking | Finance

LONDON (Reuters) – Boeing’s 737 MAX plane received clearance to resume flying in Britain on Wednesday, after the UK regulator followed the EU’s air safety watchdog in approving the jet.

Regulators across the world have been assessing changes made to the MAX and its anti-stall software, after the plane was grounded in March 2019 following two crashes which killed a total of 346 people.

Britain’s Civil Aviation Authority (CAA) lifted the ban on the MAX, making its first significant aviation safety decision since formally leaving the European Union and the EU Aviation Safety Agency (EASA), on Dec. 31.

“This is not a decision we have taken lightly and we would not have allowed a return to service for UK operators, or lifted the ban on the aircraft operating in UK airspace, unless we were satisfied that the aircraft type is airworthy and can be operated safely,” said CAA chief executive Richard Moriarty.

EASA said the MAX was safe to return to service earlier on Wednesday, with the CAA following suite. The United States lifted its ban in November, followed by Brazil and Canada.

Most of the work done on the MAX was completed last year while Britain was still part of EASA and the CAA said it worked alongside EASA on the process.

UK airlines will be able to operate passenger flights with the MAX subject to close oversight, said the CAA, including new pilot training, adding it was in close contact with travel group TUI, the only UK operator of the aircraft.

(This story removes extraneous letter in fifth paragraph.)

(Reporting by Sarah Young. Editing by Andrew MacAskill)

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post