The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

World News

Boeing and Airbus may have used ‘counterfeit’ titanium in planes, FAA says

by admin June 17, 2024
June 17, 2024
Boeing and Airbus may have used ‘counterfeit’ titanium in planes, FAA says

Boeing and Airbus, the two biggest commercial airline makers, may have used titanium sold using fake documents, according to evidence from a supplier that has triggered a Federal Aviation Administration investigation.

The FAA said in a statement to NBC News on Friday morning it would look into allegations from Spirit Aerosystems that the two aviation giants used titanium in their planes that came with paperwork verifying its authenticity that could have been falsified.

The news adds to a troubled period for Boeing, which is the subject of ongoing federal investigations for alleged safety problems. But the news also brings its fierce rival, France-headquartered Airbus, into the wider scrutiny the aviation industry is facing.

An Airbus assembly site in Colomiers, France, in 2022. Valentine Chapuis / AFP via Getty Images file

Spirit Aerosystems, based in Wichita, Kansas, which raised the alarm on the titanium issue, said it acted fast to remove all the suspect titanium from the supply chain.

“This is about titanium that has entered the supply system via documents that have been counterfeited. When this was identified, all suspect parts were quarantined and removed from Spirit production,” the company said in a statement.

Spirit added that “more than 1,000 tests have been completed to confirm the mechanical and metallurgical properties of the affected material to ensure continued airworthiness.”

‘Boeing reported a voluntary disclosure to the FAA regarding procurement of material through a distributor who may have falsified or provided incorrect records,’ the FAA said in a statement confirming yet another investigation into Boeing.

‘Boeing issued a bulletin outlining ways suppliers should remain alert to the potential of falsified records,’ the statement added.

Airbus controls about 60% of the commercial airline market with Boeing taking the remaining 40% — the companies’ grip on the industry has been called a duopoly.

Boeing said in an emailed statement: ‘This industry-wide issue affects some shipments of titanium received by a limited set of suppliers, and tests performed to date have indicated that the correct titanium alloy was used.’

Boeing added that it was ‘removing any affected parts on airplanes prior to delivery. Our analysis shows the in-service fleet can continue to fly safely.’

Airbus released a statement saying the company ‘is aware of the situation.’

‘Numerous tests have been performed on parts coming from the same source of supply,’ the statement said. ‘They show that (aircraft) airworthiness remains intact. The safety and quality of our aircraft are our most important priorities and we are working in close collaboration with our supplier.

Earlier on Friday the FAA said it was investigating how a Boeing 737 Max jet became caught in a so-called “Dutch roll” incident while flying from Phoenix to Oakland last month.

Boeing’s tumultuous year began when a door panel blew off a 737 Max-9 mid-air in January.

The FAA is also investigating whether Boeing completed required inspections on its flagship 787 Dreamliner jets.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Prepare NOW For A Potentially Huge Storm Ahead
next post
Netflix hunts for a production partner for its Christmas NFL games

Related Posts

Government workers dismayed by Trump’s return-to-office mandate

January 27, 2025

Disney raises streaming prices for Hulu, Disney+ and...

August 8, 2024

Disney, Fox, Warner Bros. Discovery call off Venu...

January 11, 2025

Southwest Airlines pauses corporate hiring, most summer internships...

January 15, 2025

Dow tumbles 475 points, S&P 500 suffers worst...

April 15, 2024

Rivian secures up to $5 billion from Volkswagen;...

June 28, 2024

Boeing starts furloughing tens of thousands of employees...

September 20, 2024

Boeing CEO, other executives stepping down amid safety...

March 26, 2024

Nvidia CEO Jensen Huang’s net worth swells from...

May 27, 2024

S&P 500 closes above 5,600 for the first...

July 11, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Clean energy stocks fall as Trump bill would tax components from China, phase out credits

      July 2, 2025
    • Lululemon sues Costco over selling alleged dupes

      July 2, 2025
    • Pullbacks & Reversals: Stocks Setting Up for Big Moves!

      July 2, 2025
    • Tech Stocks Lead the Charge: What’s Driving the Momentum?

      July 2, 2025
    • S&P 500 Earnings for 2025 Q1 — Still Overvalued

      July 2, 2025
    • Top 10 July 2025 Stock Picks You Shouldn’t Miss

      July 2, 2025

    Categories

    • Business (1,278)
    • Politics (3,893)
    • Stocks (1,484)
    • Uncategorized (45)
    • World News (1,271)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thetraderharbor.com | All Rights Reserved