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.
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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 ...