Europe and Canada said they would seek their own guarantees over the safety of B...
AWKWARD QUESTIONS FOR INDUSTRY
The U.S. Justice Department is also looking at the FAA’s oversight of Boeing, one of the people said. And a federal grand jury last week issued at least one subpoena to an entity involved in the plane’s development. Argus Research cut Boeing stock to “hold” from “buy”, giving the planemaker at least its fourth downgrade since the crash, Refinitiv data showed. Its shares, however, were enjoying a rare respite on Tuesday, up 1 pct to $376 and cutting losses since the Ethiopian crash to under 11 pct.In the hot seat over its certification of the MAX without demanding additional training and its closeness to Boeing, the FAA has said it is “absolutely” confident in its vetting.
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