ITA - What's Going On With Boeing Shares Today? | Benzinga
Boeing Company (NYSE:BA) shares are trading lower on Thursday.
The head of the Federal Aviation Administration reportedly admitted Thursday to insufficient oversight of Boeing following a mid-air emergency involving Alaska Air Group, Inc. (NYSE:ALK) in January.
Check This Out: ‘I’m Going To Die!’: Passengers Experience 15-Minute Nightmare During Alaska Air’s Harrowing Emergency, 65 Boeing 737 Max 9 Jets Grounded
At a Senate Commerce Committee hearing, FAA Administrator Mike Whitaker’s remarks signify the agency’s first acknowledgment of insufficient oversight in the January 5 incident, involving a blown-out door panel during a flight, Reuters reported
“The FAA should have had much better visibility into what was happening at Boeing before Jan. 5,” Whitaker said.
The FAA’s approach before the mid-air incident “was ...