ReportWire

Tag: Transport Accidents

  • Two U.S. Navy Aircraft From Same Carrier Crash Into South China Sea

    [ad_1]

    KUALA LUMPUR, Malaysia—A U.S. military helicopter and a jet fighter from the same aircraft carrier crashed into the South China Sea within 30 minutes of each other on Sunday.

    The two aircraft’s five crew members were rescued and are in stable condition, the U.S. Pacific Fleet said on X. Both aircraft had taken off from the USS Nimitz, America’s oldest aircraft carrier that is returning to its home base on the U.S. West Coast for decommissioning scheduled for next year.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    [ad_2]

    Gabriele Steinhauser

    Source link

  • Boeing’s financials won’t be hurt by latest 737 Max issues, analysts say. The company’s size is one reason.

    Boeing’s financials won’t be hurt by latest 737 Max issues, analysts say. The company’s size is one reason.

    [ad_1]

    Alaska Airlines, United Airlines and Turkish Airlines have all grounded their Boeing 737 Max 9 airplanes after part of one such jet tore away during an Alaska Airlines flight on Friday. But despite the potential safety risks for travelers and further damage to Boeing’s
    BA,
    -8.03%
    reputation, some Wall Street analysts, for now, have downplayed the financial impact for the jet maker.

    In part, they pointed to the company’s status as one of two major players in aircraft production — the other being Airbus
    EADSY,
    +3.52%    .
    They also cited a tighter supply of available aircraft and limited near-term impact, at least while investigators try to figure out the cause of the incident.

    Those airlines and others took the action over the weekend after a panel on a jet blew out about 10 minutes into Alaska Airlines Flight 1282 at an altitude of about 16,000 feet.

    No one died in the incident. But the Federal Aviation Administration ordered the temporary grounding of certain Boeing 737 Max 9 aircraft. The order covered 171 planes.

    Shares of Boeing fell 8.2% as the stock weighed on the Dow Jones Industrial Average
    DJIA.

    Still, some Wall Street analysts on Monday said to buy the stock anyway. They said the latest difficulties with the aircraft — which follow the 2019 grounding of Max jets by many nations following two fatal crashes — were unlikely to have a big near-term financial impact.

    BofA analysts, in a research note dated Sunday, said that “at this point in time, due to the duopoly nature of the industry, we do not see this impacting orders for any of the 737 MAX variants. However, if the hits to the program do keep coming … at some point, the flying public may lose confidence in the 737 MAX which could ultimately impact sales.”

    The analysts said it wasn’t clear yet whether the blowout on Friday was due to an assembly mistake at Boeing, an improper installation from fuselage maker Spirit AeroSystems or oversight issues elsewhere. But they noted that the aircraft was relatively new, having been delivered on Oct. 31. And they said that “some scrutiny must be saved for regulators as well, as the FAA is ultimately responsible for certificating these aircraft before delivery.”

    Spirit AeroSystems’ stock
    SPR,
    -11.13%
    was down 11%.

    Analysts at William Blair also said they didn’t expect a big hit to Boeing’s financials.

    “While the Alaska Airlines door plug accident was terrifying, we do not believe that it will have a major financial impact, unless another incident occurs after the aircraft returns to service,” they said in a note on Monday.

    Analysts there estimated that over the past two months, the Max 9 made up less than one-fifth of Boeing’s total deliveries. They said those deliveries would only be “modestly impacted over the first quarter as it could take some time to determine the cause.”

    Of the 23 analyst ratings on Boeing’s stock tracked by FactSet, 18 are buy ratings or the equivalent.

    Read more: How Boeing’s latest 737 Max problem is hurting the Dow

    However, Morgan Stanley analyst Ravi Shanker said the 737 Max 9 issues will likely disrupt first-quarter results for United Airlines
    UAL,
    +2.78%
    and Alaska Air
    ALK,
    -0.21%    .

    “This will hopefully be a situation resolved in days/weeks rather than months, but it will also serve as a reminder of how fragile airline capacity can be despite the overhang of capacity,” Shanker said in a Monday research note.

    United Airlines’ stock rose 2.4% on Monday, while Alaska Air’s dipped by 0.3%.

    Along with United Airlines, Alaska Airlines and Turkish Airlines, Copa Airlines and Aeromexico grounded about 40 Boeing 737 Max 9 planes, according to reports.

    According to Deutsche Bank analysts, the affected fleet accounts for 16.1% of Alaska Airlines flights and 6.6% of United flights, although United has more 737 Max 9 aircraft than Alaska.

    Other airlines with the plane in their fleet include Jet Airways of India with one plane, Jin Air of Korea with three, KLM Royal Dutch Airlines
    KLMR,

    with five and Korean Air Lines
    003490,
    -1.52%
    with nine, according to Planespotter.net.

    European regulators also grounded the 737 Max 9 for inspection.

    Some major airlines do not have any 737 Max 9s in their fleets, including American Airlines
    AAL,
    +7.21%    ,
    Southwest Airlines
    LUV,
    -0.10%
    and Air Canada
    AC,
    +3.42%    ,
    according to reports.

    Also read: Shares in Boeing slump, supplier Spirit AeroSystems tanks, after panel blows out

    [ad_2]

    Source link

  • Alaska Airlines grounds all Boeing 737-9 Max planes after flight suffers midair window blowout

    Alaska Airlines grounds all Boeing 737-9 Max planes after flight suffers midair window blowout

    [ad_1]

    Alaska Airlines grounded all of its Boeing 737-9 aircraft late Friday, hours after a window and piece of fuselage on one such plane blew out in midair and forced an emergency landing in Portland, Oregon.

    The incident occurred shortly after takeoff and the gaping hole caused the cabin to depressurize. Flight data showed the plane climbed to 16,000 feet (4,876 meters) before returning to Portland International Airport.

    The airline
    ALK,
    +3.10%
    said the plane landed safely with 174 passengers and six crew members.

    “Following tonight’s event on Flight 1282, we have decided to take the precautionary step of temporarily grounding our fleet of 65 Boeing 737-9 aircraft,” Alaska Airlines CEO Ben Minicucci said in a statement.

    Each of the aircraft will be returned to service after full maintenance and safety inspections, which Minicucci said the airline anticipated completing within days.

    The airline provided no immediate information about whether anyone was injured or the possible cause.

    The plane was diverted about about six minutes after taking off at 5:07 p.m., according to flight tracking data from the FlightAware website. It landed at 5:26 p.m.

    The pilot told Portland air traffic controllers the plane had an emergency, was depressurized and needed to return to the airport, according to a recording made by the website LiveATC.net.

    A passenger sent KATU-TV in Portland a photo showing the hole in the side of the airplane next to passenger seats. Video shared with the station showed people wearing oxygen masks and passengers clapping as the plane landed.

    The National Transportation Safety Board said in a post on X, formerly known as Twitter, that it was investigating an event on the flight and would post updates when they are available. The Federal Aviation Administration also said it would investigate.

    The Boeing 737-9 MAX involved in the incident rolled off the assembly line and received its certification just two months ago, according to online FAA records.

    The plane had been on 145 flights since entering commercial service on Nov. 11, said FlightRadar24, another tracking service. The flight from Portland was the aircraft’s third of the day.

    Boeing
    BA,
    +1.66%
    said it was aware of the incident, working to gather more information and ready to support the investigation.

    The Max is the newest version of Boeing’s venerable 737, a twin-engine, single-aisle plane frequently used on U.S. domestic flights. The plane went into service in May 2017.

    Two Max 8 jets crashed in 2018 and 2019, killing 346 people and leading to a near two-year worldwide grounding of all Max 8 and Max 9 planes.

    The planes returned to service only after Boeing made changes to an automated flight control system implicated in the crashes.

    Last year, the FAA told pilots to limit use of an anti-ice system on the Max in dry conditions because of concern that inlets around the engines could overheat and break away, possibly striking the plane.

    Max deliveries have been interrupted at times to fix manufacturing flaws. The company told airlines in December to inspect the planes for a possible loose bolt in the rudder-control system.

    [ad_2]

    Source link

  • Secret Navy listening system detected Titan’s implosion Sunday: report

    Secret Navy listening system detected Titan’s implosion Sunday: report

    [ad_1]

    A top-secret U.S. Navy listening system detected the implosion of the tourist submersible Titan shortly after its disappearance Sunday, the Wall Street Journal reported Thursday.

    According to the report, the unnamed, highly sensitive acoustic-detection system — used to spot enemy submarines — heard a sound consistent with an underwater implosion around the time the submersible went missing, and in the area where a debris field was found Thursday.

    [ad_2]

    Source link

  • OceanGate believes all 5 passengers on Titanic exploration sub ‘have sadly been lost’

    OceanGate believes all 5 passengers on Titanic exploration sub ‘have sadly been lost’

    [ad_1]

    All five passengers on the missing submersible that has captured the world’s attention over the past week are believed to “have sadly been lost,” the tour company revealed on Thursday.

    OceanGate Expeditions released a statement Thursday afternoon that the Titan submersible’s pilot and the tour company’s chief executive, Stockton Rush, along with passengers including British-Pakistani businessman Shahzada Dawood and his 19-year-old son Suleman, British billionaire businessman Hamish Harding, and Titanic specialist Paul-Henri Nargeolet have been killed.

    Read more: Hamish Harding, Stockton Rush and Dawood father and son presumed dead after missing Titanic exploration sub debris found

    “We now believe that our CEO Stockton Rush, Shahzada Dawood and his son Suleman Dawood, Hamish Harding, and Paul-Henri Nargeolet, have sadly been lost,” OceanGate said in a statement.

    “These men were true explorers who shared a distinct spirit of adventure, and a deep passion for exploring and protecting the world’s oceans. Our hearts are with these five souls and every member of their families during this tragic time. We grieve the loss of life and joy they brought to everyone they knew.”

    The company did not release specifics on what led to the “loss of life,” but Rear Adm. John Mauger of the U.S. Coast Guard revealed during a press conference Thursday afternoon that the debris found in the search area of the missing submersible was consistent with “catastrophic loss of the pressure chamber,” presumably killing all five people on board.

    Also see: Secret Navy listening system detected Titan’s implosion Sunday: report

    “Upon this determination, we immediately notified the families,” said Mauger, who has been leading the search. “On behalf of the United States Coast Guard, I offer my deepest condolences to the families.”

    The submersible Titan was launched from a hired Canadian research icebreaker, Polar Prince, on Sunday morning to visit the Titanic wreckage site located in a remote area of the North Atlantic. The diving vessel went missing that same morning and was unable to communicate with the surface roughly an hour and 45 minutes after it began its descent, the Coast Guard said. This has spurred a search-and-rescue operation in the ensuing days that amounted to a race against the clock, as the Titan’s estimated 96-hour oxygen supply was expected to run out early Thursday.

    See also: U.S. Coast Guard reports identification of a debris field in search area for missing Titan submersible

    Plenty of questions remain, including how, why and when this implosion may have happened. Mauger said that it’s still “too early to tell,” as this is “an incredibly complex operating environment on the seafloor over two miles beneath the surface.” But a top-secret U.S. Navy listening system may have detected the implosion of the Titan shortly after its disappearance on Sunday, the Wall Street Journal reported.

    The Associated Press contributed.

    [ad_2]

    Source link

  • Sonic boom heard across D.C. area as fighter jet scrambles in response to flight of small plane through restricted airspace

    Sonic boom heard across D.C. area as fighter jet scrambles in response to flight of small plane through restricted airspace

    [ad_1]

    WASHINGTON (AP) — A wayward and unresponsive business plane that flew over the nation’s capital Sunday afternoon caused the military to scramble a fighter jet before the plane crashed in Virginia, officials said. The fighter jet caused a sonic boom that was heard across the capital region.

    Hours later, police said that rescuers had reached the site of the plane crash in a rural part of the Shenandoah Valley and that no survivors were found.

    The Federal Aviation Administration says the Cessna Citation took off from Elizabethtown, Tenn., on Sunday and was headed for Long Island’s MacArthur Airport. Inexplicably, the plane turned around over New York’s Long Island and flew a straight path down over D.C. before it crashed over mountainous terrain near Montebello, Virginia, around 3:30 p.m.

    The plane was technically flying above some of the most heavily restricted airspace in the nation.

    A U.S. official confirmed to the Associated Press that the military jet had scrambled to respond to the small plane, which wasn’t responding to radio transmissions and later crashed. The official was not authorized to publicly discuss details of the military operation and spoke on condition of anonymity.

    Flight-tracking sites showed the jet suffered a rapid spiraling descent, dropping at one point at a rate of more than 30,000 feet per minute before crashing in the St. Mary’s Wilderness.

    The North American Aerospace Defense Command later said in a statement that the F-16 was authorized to travel at supersonic speeds, which caused a sonic boom that was heard in Washington and parts of Virginia and Maryland.

    “During this event, the NORAD aircraft also used flares — which may have been visible to the public — in an attempt to draw attention from the pilot,” the statement said. “Flares are employed with highest regard for safety of the intercepted aircraft and people on the ground. Flares burn out quickly and completely and there is no danger to the people on the ground when dispensed.”

    Virginia State Police said officers were notified of the potential crash shortly before 4 p.m. and rescuers reached the crash site by foot around four hours later. No survivors were found, police said.

    The plane that crashed was registered to Encore Motors of Melbourne Inc, which is based in Florida. John Rumpel, who runs the company, reportedly told the New York Times that his daughter, 2-year-old granddaughter, her nanny and the pilot were aboard the plane. They were returning to their home in East Hampton, on Long Island, after visiting his house in North Carolina, he said.

    Rumpel, a pilot, told the newspaper he didn’t have much information from authorities but hoped his family didn’t suffer and suggested the plane could’ve lost pressurization.

    “I don’t think they’ve found the wreckage yet,” Rumpel told the newspaper. “It descended at 20,000 feet a minute, and nobody could survive a crash from that speed.”

    A woman who identified herself as Barbara Rumpel, listed as the president of the company, said she had no comment Sunday when reached by the Associated Press.

    The episode brought back memories of the 1999 crash of a Learjet that lost cabin pressure and flew aimlessly across the country with professional golfer Payne Stewart aboard. The jet crashed in a South Dakota pasture and six people died.

    President Joe Biden was playing golf at Joint Base Andrews with his brother at around the time the fighter jet took off. Anthony Guglielmi, a spokesperson for the U.S. Secret Service, said the incident had no impact on the president’s movements Sunday.

    A White House official said that the president had been briefed on the crash and that the sound of the scrambling aircraft was faint at Joint Base Andrews.

    MarketWatch contributed.

    [ad_2]

    Source link

  • East Palestine derailment: Norfolk Southern sued by Justice Department and EPA

    East Palestine derailment: Norfolk Southern sued by Justice Department and EPA

    [ad_1]

    The Justice Department and the Environmental Protection Agency have filed a complaint against Norfolk Southern Corp. for unlawful discharge of pollutants and hazardous substances in the Feb. 3 train derailment in East Palestine, Ohio.

    The complaint seeks penalties and injunctive relief for the unlawful discharge of pollutants, oil and hazardous substances under the Clean Water Act, according to statements released by the Justice Department and the EPA. The Justice Department and EPA are also seeking a declaratory judgment on liability for past and future costs under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA).

    Norfolk Southern’s
    NSC,
    +1.51%
    stock has fallen 16.8% since the derailment near the Ohio-Pennsylvania border. The stock is up 0.3% Friday.

    Related: Norfolk Southern will do ‘everything it takes’ for East Palestine, CEO tells senators

    “When a Norfolk Southern train derailed last month in East Palestine, Ohio, it released toxins into the air, soil, and water, endangering the health and safety of people in surrounding communities,” Attorney General Merrick Garland said in a statement. “With this complaint, the Justice Department and the EPA are acting to pursue justice for the residents of East Palestine and ensure that Norfolk Southern carries the financial burden for the harm it has caused and continues to inflict on the community.” 

    In a separate statement, EPA Administrator Michael Regan said: “No community should have to go through what East Palestine residents have faced. With today’s action, we are once more delivering on our commitment to ensure Norfolk Southern cleans up the mess they made and pays for the damage they have inflicted as we work to ensure this community can feel safe at home again.”

    Norfolk Southern has created a website, nsmakingitright.com, to track its progress in cleaning up the site.

    “Our job right now is to make progress every day cleaning up the site, assisting residents whose lives were impacted by the derailment, and investing in the future of East Palestine and the surrounding areas,” a spokesperson for Norfolk Southern told MarketWatch. “We are working with urgency, at the direction of the U.S. EPA, and making daily progress. That remains our focus and we’ll keep working until we make it right.”

    Related: Norfolk Southern sued by Ohio over ‘entirely avoidable’ East Palestine derailment

    More than 9.4 million gallons of affected water have been recovered and transported off-site for final disposal, according to Norfolk Southern, along with 12,904 tons of waste soil that has been removed for proper disposal.

    The company has also flushed 5,200 feet of affected waterways and sampled more than 275 private drinking water wells, according to nsmakingitright.com.

    The suit from the Justice Department and the EPA comes just two weeks after Ohio Attorney General Dave Yost filed a 58-count civil lawsuit against Norfolk Southern over the derailment in East Palestine.

    Now read: Here are the chemicals spilled near Philly as U.S. drinking-water safety is top of mind

    No one was killed or injured in the Ohio derailment, but the incident has been described as a “PR nightmare” for Norfolk Southern and the rail industry. The derailed cars included 11 tank cars carrying hazardous materials that subsequently ignited, damaging an additional 12 railcars, according to the National Transportation Safety Board, and setting off concerns about the impact on air and water quality and dangers to health in the region.

    Earlier this month, Norfolk Southern CEO Alan Shaw was grilled by senators when he provided testimony on the disaster before the Senate Committee on Environment and Public Works.

    While safety was the primary focus of the hearing, Shaw was also pressed on Norfolk Southern’s stock buybacks and the company’s use of precision scheduled railroading, which focuses on the movement of individual train cars rather than whole trains.

    Related: Train derailment in Minnesota thrusts rail safety back into the spotlight

    In his testimony, Shaw vowed to do “everything it takes” for the community affected by the derailment.

    Rail safety was thrust into the spotlight again this week with the derailment of a BNSF train carrying ethanol and corn syrup in Minnesota early Thursday. 

    Everstream Analytics, a supply-chain analytics company, has been researching train derailments involving Class I rail carriers between 2018 and 2023. A Class I carrier is defined as any carrier earning annual revenue greater than $943.9 million, according to the U.S. government’s Surface Transportation Board. Data show that derailments across rail companies increased considerably in the U.S. between 2021 and 2022, according to Everstream Analytics.

    [ad_2]

    Source link

  • Ford Stock Falls. Don’t Let $1.7 Billion Truck Rollover Trial Distract You.

    Ford Stock Falls. Don’t Let $1.7 Billion Truck Rollover Trial Distract You.

    [ad_1]



    Ford Motor


    has a legal hearing set to start Monday related to a product liability case that resulted in a $1.7 billion punitive award against the auto maker. Investors seem to be a little nervous about the Georgia case. They probably don’t need to be — yet.

    The award was part of a jury verdict that held, in part, Ford (ticker: F) was responsible for insufficient roof strength of its super-duty trucks. Two people were killed in 2014 after their super-duty truck rolled over. Ford maintains that its design is sound.

    [ad_2]

    Source link