The Federal Aviation Administration said it would investigate allegations that titanium had entered the supply chain via falsified documents.
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.
The wholly predictable outcome of poorly regulating capitalism.
“The market will create competition and the best products.” No. The market will seek the optimal method to make the most money, and if that optimal method includes killing people, that will be the method selected.
Start putting people in jail and taking businesses into receivership for bad behavior, and then the optional method for maximizing profit will also result in better products.
To add, we need to stop bailing them out too. These companies should have gone out of business twice already; in 2008 and 2020.
Yes indeed that would have sucked for everyone. When you don’t allow controlled forest fires, the dry brush builds up anyways… and here we are. They’ll keep getting worse and worse until we let them go under.