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28.09.26 - 21:45
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Boeing Extends Losses After FAA Delays 737 Max 10 Approval Over Software Glitch (ZeroHedge)
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Boeing Extends Losses After FAA Delays 737 Max 10 Approval Over Software Glitch
Boeing CEO Kelly Ortberg has been on the job for two years and over trhe weekend, we got reports that he may be facing yet another fire to put out, as a software glitch affecting the 737 MAX could complicate the rollout of the 737 MAX 10.
The Wall Street Journal reported Monday afternoon that airlines were notified in August of a previously known glitch that could cause an automated navigation function to cut out during aborted landings.
The report said some airlines have requested deliveries with an older software version that avoids the glitch.
But, now, Boeing must develop a software patch to fix the problem.
Bloomberg reports that certification of Boeing's long-delayed 737 Max 10 variant will be held up by the Federal Aviation Administration over a new software issue, just as the US planemaker was in the final stages of winning approval to begin deliveries to airlines.
The FAA is holding off on certificatio...
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27.09.26 - 17:36
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Made-in-India electronics get PLI boost as firms draw Rs 20,580 crore investment (Times of India)
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India's ambitious push in electronics manufacturing has garnered remarkable incentives totaling Rs 19,090.98 crore, enabling the production of more mobile devices. The surge in smartphone exports is astounding, leaping from $5.5 billion to nearly $30 billion over the period from 2021-22 to 2025-26. Launched in 2020, the PLI scheme has embraced 32 companies, significantly bolstering manufacturing across 14 sectors, supported by a generous budget of Rs 1.91 lakh crore....
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