American Airlines to scrap 115 daily flights over Boeing 737 Max
The 115 flight represent about 1.5% of the airline’s total flying each day.
Currently the airline’s Boeing 737 Max planes are grounded until August 19. The global fleet of 737 Max planes have been banned from flying since March this year, after 157 people lost their lives when an Ethiopian Airlines 737 Max crashed minutes after take-off.
The freak accident was the same type of plane that had crashed in Indonesia in October which killed 189 people.
American Airlines chairman and chief executive Doug Parker said in a statement the 115 flight represent about 1.5% of the airline’s total flying each day for these few months.
He added that the company is ‘highly confident’ that the Max will be recertified prior to August 19, following the firm’s ongoing conversations with the Federal Aviation Administration and Boeing.
‘Once the Max is recertified, we anticipate bringing our Max aircraft back on line as spares to supplement our operation as needed during the summer,’ he said.
Boeing fixing its 737 Max planes
Last last month, Boeing unveiled a fix to flight software system and the pilot training of its 737 Max plane, as it pledges to do all it can to prevent further accident.
The software update will make changes on the stall prevention system or Maneuvering Characteristics Augmentation System, which originally was designed to automatically command a plane to go down if it senses an imminent stall.
A change to the software will include data from another angle of attack (AOA) sensor, a sensor which measures the horizontal tilt of the plane. The earlier software only included data from one of such sensor.
With the updated software, it will not create a downward pushing cycle when an abnormal reading is reflected on the AOA sensor, nor will it tilt in an angle that disallows a pilot to counteract it manually.
Boeing’s 737 Max planes represent three-fifth of the company’s production till 2032. It is an important program for Boeing in the next decade and Boeing has to prove on the reliability of the plane model before it continues to deliver its orders.
This information has been prepared by IG, a trading name of IG Markets Ltd and IG Markets South Africa Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets