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Elon Musk’s 5 Best Investments

Read about some of the most important and impressive investments by Elon Musk, the engineer and technology superstar who has founded multiple businesses. Read More...

Reuters

U.S. Senate committee faults FAA oversight of Boeing

A U.S. Senate report released on Monday said the Federal Aviation Administration must do a better job overseeing Boeing Co and the certification of new airplanes, as well as review allegations raised by seven industry whistleblowers. The 97-page Commerce Committee report from Senator Maria Cantwell includes concerns raised in the wake of two fatal Boeing 737 MAX crashes in a five-month period that prompted the plane’s 20-month grounding. “FAA’s oversight of the certification process has eroded,” the report found, saying the agency “over time, increasingly delegated away its authority” to Boeing and others. The FAA, the report said, “should take immediate action to address undue pressure at the Boeing” safety oversight office, adding that it is “chronically understaffed.”

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