SECTION.
>> ALL RIGHT AND THANKS TO A
GENEROUS OWN HIGHS ARE THERE
FROM WASH IN A DC. WELL BOEING
IN THE HOT SEAT TODAY AFTER A
NEW INTO COLONEL REPORT SHOWED
THAT REGULATORS KNEW OF RISKS
ASSOCIATED WITH THE 7.37 MAX
BUT DECIDED TO LET THE PLANES
KEEP
FLYING ANYWAY.
>> TODAY AT A CHIEF STEVE
DICKSON TEST BUT BEFORE THE
HOUSE TRANSPORTATION COMMITTEE
ABOUT THE BOEING 7.37 MAX
PRODUCTION
AND APPROVAL ALONG WITH ED
PIERSON A FORMER BOEING MANAGER
JOINING US NOW IS PETER MORRIS
CHIEF ECONOMIST AT US AND PETER
AS ALWAYS GREAT TO
HAVE YOU ON THE SHOW WE
APPRECIATE YOU JOINING US
THIS AFTERNOON, AN FDA ANALYSIS
INDICATED THAT BOEING 7.37 MAX
COULD BECOME ONE OF THE MOST
ACCIDENT PRONE AIRLINERS
IN DECADES WITHOUT DESIGN
CHANGES. A CRASHING POTENTIALLY
MORE THAN
40 TIMES. MORE DOZENS OF TIMES
IT'S A JUST IN THE 45 YEARS AND
IT WAS EXPECTED TO FLY WAS A
SAY ABOUT THE DAY.
>> ON THIS NEWS. I MEAN IF YOU
READ THE WALL STREET
JOURNAL STORY. THE LEAD
SENTENCE, US REGULATORS DECIDE
TO ALLOW BOEING.
THE 7.37 MAX JET TO KEEP FLYING
AFTER ITS FATAL CRASH EVEN
AFTER THEIR OWN ANALYSIS
INDICATED IT COULD BECOME ONE
OF THE MOST ACCIDENT PRONE AIR.
I HOW DAMNING IS THIS FOR THE F
A A.
>> EVERYTHING ABOUT THIS SEEMS
TO INCREASE SUNNI A
UN ROLE AS BEING UNPRECEDENTED
SO IN OTHER WORDS THIS REALLY
HASN'T HAPPENED BEFORE SET A
MAJOR ACT CROFT TIGHT, LET'S
FACE THESE KIND
OF PROBLEMS AND ENDED UP
EFFECTIVELY
BEING GRANTED FOR WHAT COULD BE
GETS KNOWN FOR A SUMMIT LATE.
AND.
YOU HAVE TO LOOK AT WHAT IN THE
2 OF THEM SAW THE TO PUT THIS
TOGETHER A SAYS TO ME. THERE
ARE SOME
PROCEDURAL FLAWS AND THE THING
THAT I THINK CONCERNS BEING
THIS WAR IS THAT THE HOUSE
REALLY MEAN ANYTHING BETTER
THAN EXPECTED. COMING OUT TO
ALL INQUIRIES THE THINGS THAT
HAVE HAPPENED OF ONE BY ONE
REVEALED ROLES IN THE WHOLE
PROCESS AND I THINK IT IS A
CONCERN AND IT'S A CONCERN WHEN
YOU'RE TRYING TO PRODUCE.
AND ACROSS IT IS GOING TO AND
BE ONE OF THE 2 MATCHES.
IT'S NOT REPORT THE TYPES AND
THE SAME TIME YOU NEED TO
REASSURE EVERYBODY FRONT.
THE AIRLINES TO
THE REGULATORS TO THE PILOTS
AND CREW TO THE PASSENGERS.
ALL THE WAY DOWN THE
LINE AND THERE'S BEEN A MOOD OF
CONSTANT REASSURANCE ALWAYS
SORT OF YOU AND
I THINK NOT A LOT OF PEOPLE
BEING REASSURED BY THE SHEER
TIME INVOLVED.
>> I MEAN IT'S NOT REASSURING
WHEN YOU HEAR THAT THEY HAD
KNOWN ABOUT THIS AND THAT THE
ESTIMATE WAS THAT THE F A A OWN
ANALYSIS PROJECTED AS MANY AS
15 IS SIMILAR.
CATASTROPHIC ACCIDENTS AROUND
THE SPANNING AND TO MENTION
THIS AT 30 TO 50 YEARS UNLESS
THESE FIXES WERE MADE WE TALKED
ABOUT THE
COZY RELATIONSHIP. THE TO THE
PRIVATE SECTOR AND PUBLIC
SECTOR AND IN THIS CASE, A LOT
OF BACK AND FORTH WITH
PERSONNEL MOVING FROM FALLING
OVER AND VICE VERSE OF THE F A
A
CHEAP THOUGH STEVE DICKSON SAYS
THAT THE SYSTEM IS NOT BROKEN
SO TO ADDRESS WHAT YOU HAD SAID
THAT MAYBE THE SYSTEM IS I MEAN
HE OUTRIGHT SAID IT'S NOT BUT
IT'S REALLY HARD IN TO YOUR
POINT.
REASSURANCE
WERE SUPPOSED TO HAVE BEEN
GIVEN TO FEEL ANY REASSURANCE
WHEN THEIR OWN NOW THIS
SUGGESTED THAT THIS COULD HAVE
HAPPENED TIME AND TIME AGAIN.
>> THAT'S RIGHT SOME IF YOU
JUST LOOK AT STATISTICS YOU CAN
SAY THAT THERE WERE 2 CRASHES
AND 300 ALL
THAT CROSSED. NOW I KNOW SHE
TOOK A 15 OKLAHOMA LIFETIME
ASEAN TIMEX LATE. PROBABLY
LOOKS
TO BE SOMEWHAT SENSE OF THE
ESTIMATE KNOW TO 8 TO
$300 IS CLEARLY A MAJOR CONCERN
YOU YOU CAN PLAY GAMES WITH THE
STATISTICS WON'T WHEN
NASA BUT THE FACT THAT IT OFF
TO THE FIRST
ACCIDENT AS WAS A CERTAIN LEVEL
OF INFORMATION THAT SUGGESTED.
PERHAPS COURSE WHO WOULD HAVE
BEEN WISE AND THAT YOU'RE
SAYING AND I THINK THIS IS THE
OTHER SIDE, IT'S A SAFETY
ELEMENT IS THAT IF THERE
ARE CONCERNS THEN
THESE AN ROLE IN THE
MARKETPLACE AND YOU HAVE BOEING
THAT WAS GOOD TO BE PRODUCING
THAT CROSS 2 MONTHS.
NOW IT'S PRODUCING 4 SHOW THAT
CROP 2 MONTHS AND HAVING
TO US TO THAT AND POTENTIALLY
YOU COULD HAVE SOMETHING LIKE A
CROSS THAT NOT PRODUCED AND
DELIVERED SO THE COAST
CONSEQUENCES, IT'S NOT A HUGE.
>> PETER FORMER GOING MANAGER
AT PEARSON CLAIMS THEY RAISE
CONCERNS OVER THE 7.37 MAX
MONTHS BEFORE THESE
DEADLY CRASHES. HOW DO YOU
THINK REGULATORS WILL LOOK AT
THAT TESTIMONY HOW DO YOU THINK
IT WILL BE WAY.
>> YOU'VE GOT TO TAKE INTO
ACCOUNT ALL THAT DIFFERENT
PERSPECTIVES BUT THEY CITE
REALITY ROUTES SAID WELL OVER
300 PEOPLE KILLED IN ACCIDENTS.
AND THE
QUESTIONS THAT MANY OF THE
RELATIVES OF THE OSCARS WAS
IN THE CASE OF THE FIRST ONE IT
WAS AN INDICATOR THAT THERE WAS
SOMETHING WRONG THEN.
THE QUESTION I FIND SURPRISING
IS THAT THERE WASN'T REALLY AN
AUNT SO BY MISTER DIXON TODAY'S
TOO WHY WASN'T PLAYING GRANTED.
>> MORE ABOUT THIS THROUGH THE
TESTIMONIES. IT'S WORSE CAN
THIS NEWS GET.
>> WELL I THINK THE FLIP SIDE
IS THAT THE DAMAGE THAT HAS
BEEN DONE TO THE PRODUCT.
THERE HAS TO BE.
IT'S A FENCING
AN OVERREACTION AND SO IN OTHER
WORDS THE HAS TO BE A 150%
REASSURANCE FOR EVERYBODY DOWN
THE LINE
BECAUSE THEY HAVE HEARD THE
STORIES ABOUT KNOWS THIS ISSUE
THOSE THAT TISSUE TEST THE
OTHER ISSUE AND I THINK THAT
THEY ARE ALWAYS.
GOOD CUSTOMER THE PILOTS
EVERYBODY IS TAKEN FOR GRANTED
THAT THE REGULATORS. WHAT DO
THE RIGHT THING. IT'S A STATE
AND THAT THEY WOULD TAKE NO
RISKS WHATSOEVER.
>> HOW MUCH OF AN ISSUE.
PETER IS THIS GOING TO BE WHEN
IT IS BACK IN THE SKIES AND IT
COMES TO WHAT PEOPLE ARE
CHOOSING WHICH AIRLINER WHICH
PLANE THEY ARE
FLYING ON ARE THEY GOING TO BE
SAYING NO I'M GOING TO FLY
DIFFERENT AIRLINE AND MORE
EXPENSIVE TO AVOID FLYING ON
THE 7.37 MAX.
>> AND I THINK LIKE YOU COULD
WHAT I SEE IS EVERYBODY DOWN
THE LINE IS GOING TO
TAKE THIS COOL 150% REACTION IN
THE END TERM SO WE
ABSOLUTELY HAVE TO NOT JUST
MAKE SURE PEOPLE BUT
DEMONSTRATE ALL THE STEPS IN
THE PROCEDURE THAT WE HAVE DONE
WHICH IS ONE THING THE F
A A ONGOING ACTS THAT WAY TO
SAY WE ARE NOT JUST.
THANKS TO THIS QUICKLY REAGAN
TO DO IT PROPERLY AND THEY
COULDN'T
DO THAT SALUTE DATE FOR THE
SAFETY AND GET SAFETY RECALL
BACK SO I THINK THERE WILL BE
AN ELEMENT OF REASSURANCES THAT
I DON'T SEE THAT AND YOU
REGULATE AROUND THE WORLD WERE
ANY AIRLINE IS GOING TO TAKE
ANY KIND OF
RISKS BECAUSE EVERYTHING FROM
THE SAFETY SITES ROUTE TO THE
COMMERCIAL IMPACT.
>> MENTION THAT WE
NEED NOW 150% REASSURING TFA
HAS SAID THAT THEY WERE
INDIVIDUALLY CERTIFY INDIVIDUAL
PLANES BEFORE THEY GO UP IN THE
AIR AIRLINES ARE SAYING THEY'RE
GOING TO DO DEMO FLIGHTS IN
THAT 150% WHAT IS THAT LOOK
LIKE.
>> ABOVE AND BEYOND AND
THAT'S ROMNEY GOT A 150% IT'S
IT ABOVE AND BEYOND WHAT MIGHT
EVER BE EXPECTED IN TERMS OF
REASSURANCE SOMETHING.
THE ELEMENTS ARE AND GO TO TOO
COMPLEX AND TECHNICAL FOR THE
INDIVIDUAL PASSENGER TO
UNDERSTAND. BUT I
THINK THAT THEY BELIEVE
UNDERSTANDABLY THAT
THEY REGULATE SEARS WILL GO OUT
OF THEIR WAY TO MAKE ABSOLUTELY
SURE WILL THAT IT LEAKS THE
APPROPRIATE CRITERIA IN A WAY
TO POSSIBLY DIDN'T HAPPEN THE
FIRST TIME AROUND.
>> YOU DON'T WANT TO END ON
WHEN YOU THINK IT'LL BE BACK IN
THE SKIES AND IT'S NOT LOOKING
LIKE IT'S GOING TO HAPPEN BY
THE END OF 2019. WHAT DO YOU
THINK FOR 2020.
>> MY FEELING RECENT THAT
THEY'RE TO ELEMENT. 100 IS THE
IDEA OF THE GRANTING
AND THEN IT'S A PROCESS BY
WHICH THE INDIVIDUAL ACT CROPS
GET TO LIVE IT AND CLEARLY WITH
SO MANY LAURA CROFT COPS THAT'S
GOING TO
TAKE TIME. IT'S GOOD TO KNOW O
2 AB IN
2 2020 WELL BEFORE THE BACKLOG
STOPS TO BE CLEARED. SO WHAT
WENT NOT THERE. I THINK.
SENTRY NOT PERIOD DELIVERY
STASI AGAIN, BUT THAT
WOULD DEPEND
ON THE SA A AND OTHER SUCH
PATIENTS ARE SEES BEING
COMPLETELY AGREE SHORT BY
THAT TIME AND OF COURSE IN THEY
HAVE NOT PUT A TIMELINE ON THAT
AND THAT IT'S NOT
CITY THE GATEWAYS EVERYTHING
HAS TO PASS THROUGH IS THE
REGULATORY APPROVAL, AND
LIFTING AS A
GROUNDING ORDERS AROUND THE
WORLD BECAUSE IT WOULD CREATE
AN UNPRECEDENTED SITUATION IF
YOU HAD SAY FOR EXAMPLE IN THE
UNITED STATES.
IT WAS PROVE THAT THE EUROPEAN
REGULATES OR CHINESE REGULATORS
HAD A CONCERN. SO I THINK
IT'S GOOD. YOU KNOW LAST TRUE
LISTING OF THE GRINDING
EXACTLY.
>> IT MAY PIECEMEAL YOU KNOW
REGION BY REGION AT THE MOMENT,