Boeing aims to finish software fix to 737 Max in September

first_imgChicago: Boeing says it expects to finish work on updated flight-control software for the 737 Max in September, a sign that the troubled jet likely won’t be flying until late this year. The latest delay in fixing the Max came a day after the disclosure that government test pilots found a new technology flaw in the plane during a test on a flight simulator. The plane has been grounded since mid-March after two crashes that killed 346 people. Preliminary accident reports pointed to software that erroneously pointed the planes’ noses down and overpowered pilots’ efforts to regain control. Also Read – Treason case against Musharraf to be heard daily from October 24: CourtA Boeing official said Thursday that the company expects to submit the software update to the Federal Aviation Administration for approval “in the September timeframe.” The official spoke on condition of anonymity because Boeing has not publicly discussed timing of the update. Once Boeing submits its changes, the FAA is expected to take several weeks to analyze them, and airlines would need additional time to take their grounded Max jets out of storage and prepare them to fly again. Airlines were already lowering expectations for a quick return of the plane, which has been grounded since mid-March. Also Read – Turkey preparations for Syria offensive ‘completed’Southwest Airlines, the biggest operator of Max jets, announced Thursday that it has taken the plane out of its schedule for another month, through Oct. 1. Earlier this week, United Airlines pulled the plane from its schedule through early September. While Boeing engineers continue working on the plane’s software, company lawyers pushed Thursday to settle lawsuits brought by the families of dozens of passengers killed in the October crash of a Lion Air Max off the coast of Indonesia and the March crash of an Ethiopian Airlines Max near Addis Ababa. Boeing and the families of Lion Air Flight 610 victims agreed to mediation that could lead to early settlements. However, the families of some Ethiopian Airlines Flight 302 passengers are resisting mediation. “There are many families here who will not want to participate in mediation until they know what Boeing knew, when they knew it, what they did about it, and what they’re going to do about it to prevent this kind of disaster from occurring again,” said Robert Clifford, a Chicago lawyer who filed lawsuits on behalf of nearly two dozen victims of the Ethiopian crash.last_img read more

Bank AlMaghrib Moroccos Foreign Currency Reserves Down 18 in 1 Year

Rabat – While the number is a decrease from 2017, it represents a slight increase from November 2015 (MAD 220.8 billion) and a larger increase from November 2014 (MAD 168.25 billion)During the week of November 1-7, Bank Al-Maghrib, Morocco’s central bank, injected MAD 72.3 billion into the economy.The interbank interest rate is currently 2.29 percent, Bank Al-Maghrib reported in a press release. Many European markets have negative interbank rates, according to Trading Economics. In contrast, countries such as the US, the UAE, and Saudi Arabia have rates between 2.62 and 2.73. During the same period, the dirham appreciated by 1.13 percent against the US dollar and depreciated by 0.19 percent against the euro.

BC to allow homeowner groups to fine defiant shortterm rental hosts 1000

VANCOUVER — Homeowners groups in British Columbia will soon be able to fine owners or residents up to $1,000 a day for defying the corporation’s bylaws on short-term rentals.The B.C. government says the regulations for the so-called strata corporations will be changed as of Nov. 30 to help the associations address short-term rentals, such as those arranged through Airbnb and other vacation websites.Housing Minister Selina Robinson says in a news release that it’s common to hear stories of long-term renters losing their homes when units are pulled out of the market to be used as short-term rentals.You might have to pay tax on that — How Uber, Airbnb and Bitcoin could affect your returnVancouver’s hot housing market just got tougher for wealthy ChineseB.C. readies housing affordability plan amid skyrocketing home prices and soaring rentsRobinson says her government is supporting strata corporations to deal with the noise and security issues that can sometimes come with short-term rentals, and also preserve rentals for the long term.Strata corporations can pass bylaws that restrict or ban short-term rentals and fine owners or residents who aren’t complying, but the maximum fine is currently $200 a week.Nearly 1.5 million people in B.C. live in strata housing, where the governing corporation is made up of the owners in the housing complex.“Short-term rentals are a huge concern to strata corporations,” says Sandy Wagner, president of the board of directors of the Vancouver Island Strata Owners Association, in the release.“The wear and tear on the common property, as well as the security concerns caused by a steady stream of unknown occupants are just a few of the reasons why (the association), on behalf of our members, is pleased to support the proposed amendments … which will permit strata corporations to assess fines at a real deterrent level.”Airbnb spokeswoman Lindsey Scully says in a statement that when hosts sign up on the website, they must certify that they will comply with local rules before they list their space. The site also has a hosting responsibilities page that reminds people to check their local laws and regulations and includes additional information and resources, she says.“The overwhelming majority of Airbnb hosts and guests are good neighbours and respectful travellers,” she says. “We want to do everything we can to help our community members be good neighbours in places they call home.” read more