Daily Archive: November 18, 2020

FAA gives Boeing 737 Max the green light to fly again, shares soar

Boeing Co.’s 737 Max can safely return to the skies with an extensive package of fixes, U.S. regulators ruled, after a scarring 20-month hiatus prompted by a pair of fatal crashes.

The actions announced Wednesday on the Federal Aviation Administration’s website mark the end to the longest grounding of a jetliner in U.S. history and set the stage for airlines and other regulators around the world to resume passenger service with the plane.

Boeing shares jumped 5.3% to $221.27 in pre-market New York trading. Through Tuesday, they had lost 50% of their value since the March 10, 2019 crash of an Ethiopian Airlines Group flight that triggered the global grounding of the 737 Max.

The FAA action is a dramatic turning point for Boeing after more than two years of bad news surrounding its best-selling model. But the aircraft’s return won’t mean an immediate end to the controversy or a … Read More

Athletes’ Village must be safest place in Tokyo, IOC official says By Reuters

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© Reuters. IOC Tokyo Olympics 2020 Press Conference

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By Jack Tarrant

TOKYO (Reuters) – The purpose-built Athletes’ Village must be the safest place in Tokyo during next year’s Olympics, a senior International Olympic Committee (IOC) official said on Wednesday after meetings with the Tokyo 2020 organisers.

IOC President Thomas Bach and other officials have been in the Japanese capital this week as a show of support for the organisers as they try to arrange the Games despite the COVID-19 pandemic.

Following the decision in March to postpone the Games, the Olympics are now due to begin on July 23, 2021.

Over 11,000 athletes are expected to descend on Tokyo for the Olympics and thousands more will come for the subsequent Paralympics. The majority will stay at Athletes’ Village.

Joan Coates, an IOC official accompanying Bach, said the number of athletes would not be reduced and it was down

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