The top US aviation regulator plans to test-fly Boeing’s grounded 737 Max on Wednesday in an attempt to show an antsy public that proposed fixes will be safe, according to a notification sent to Congress.
Federal Aviation Administration chief Steve Dickson, who is licensed to fly the 737 along with several other jetliners from his time as a pilot at Delta Air Lines, will be at the controls of a Max that has been updated with a variety of fixes the agency has proposed and may soon make mandatory.
The announcement of the flight comes after the FAA and the other three leading aviation regulators elsewhere in the world this week completed assessments of new pilot training requirements for the Max, the agency told lawmakers.
The flight and the completion of training reviews are strong signals that the FAA is confident in Boeing’s best-selling plane and closing in on the final approvals needed before it can return to airline service after 18 months.
Several critical hurdles remain, such as finalising the training requirements after giving the public a chance to provide input. The FAA’s Flight Standardisation Board plans to release the training proposal “in the near future”, the agency said in the notice seen by Bloomberg.
Boeing's share price extended gains on the news, closing at $156.03 in New York on Friday, up 6.8 per cent.
Prior to making the flight, Mr Dickson along with his top deputy, Daniel Elwell, will also complete a training course that Boeing and regulators have proposed for all Max pilots.
The Max was grounded on March 13, 2019, after the second fatal crash involving an automated safety system that went haywire during malfunctions, repeatedly attempting to drive down the jets’ noses until pilots lost control. The crashes off the coast of Indonesia and in Ethiopia killed 346 people.
The system, known as Manoeuvering Characteristics Augmentation System, has been altered to prevent repeated activations and to limit how sharply it can dive. The plane’s flight control computer has also been redesigned.
Boeing has said it expects to get approval for the plane this autumn. It will still take weeks or months after the grounding order is lifted for flights to resume as airlines perform maintenance on a fleet that has sat on the ground and trains flight crews.
Mr Dickson, who had been senior vice president for flight operations at Delta before retiring, announced a few weeks after taking the helm of the agency in August 2019 that he would fly the Max before the agency signed off on its return.
Mr Elwell, the FAA’s deputy administrator, was also a pilot at American Airlines.
A group known as the Joint Operations Evaluation Board – which is made up of representatives from the FAA, Transport Canada, the European Aviation Safety Agency and the National Civil Aviation Agency of Brazil – conducted multiple exercises in simulators to evaluate what training is needed for the plane.
The group’s work went well, Patrick Ky, executive director of EASA, said on Friday in Europe.
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The Porpoise
By Mark Haddon
(Penguin Random House)
RACE CARD
6.30pm Al Maktoum Challenge Round-1 Group 1 (PA) Dh119,373 (Dirt) 1,600m
7.05pm Handicap (TB) Dh102,500 (D) 1,200m
7.40pm Handicap (TB) Dh105,000 (Turf) 1,800m
8.15pm UAE 1000 Guineas Trial (TB) Dh183,650 (D) 1,400m
9.50pm Handicap (TB) Dh105,000 (D) 1,600m
9.25pm Handicap (TB) Dh95,000 (T) 1,000m
UK’s AI plan
- AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
- £10bn AI growth zone in South Wales to create 5,000 jobs
- £100m of government support for startups building AI hardware products
- £250m to train new AI models
How much of your income do you need to save?
The more you save, the sooner you can retire. Tuan Phan, a board member of SimplyFI.com, says if you save just 5 per cent of your salary, you can expect to work for another 66 years before you are able to retire without too large a drop in income.
In other words, you will not save enough to retire comfortably. If you save 15 per cent, you can forward to another 43 working years. Up that to 40 per cent of your income, and your remaining working life drops to just 22 years. (see table)
Obviously, this is only a rough guide. How much you save will depend on variables, not least your salary and how much you already have in your pension pot. But it shows what you need to do to achieve financial independence.
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Citizenship-by-investment programmes
United Kingdom
The UK offers three programmes for residency. The UK Overseas Business Representative Visa lets you open an overseas branch office of your existing company in the country at no extra investment. For the UK Tier 1 Innovator Visa, you are required to invest £50,000 (Dh238,000) into a business. You can also get a UK Tier 1 Investor Visa if you invest £2 million, £5m or £10m (the higher the investment, the sooner you obtain your permanent residency).
All UK residency visas get approved in 90 to 120 days and are valid for 3 years. After 3 years, the applicant can apply for extension of another 2 years. Once they have lived in the UK for a minimum of 6 months every year, they are eligible to apply for permanent residency (called Indefinite Leave to Remain). After one year of ILR, the applicant can apply for UK passport.
The Caribbean
Depending on the country, the investment amount starts from $100,000 (Dh367,250) and can go up to $400,000 in real estate. From the date of purchase, it will take between four to five months to receive a passport.
Portugal
The investment amount ranges from €350,000 to €500,000 (Dh1.5m to Dh2.16m) in real estate. From the date of purchase, it will take a maximum of six months to receive a Golden Visa. Applicants can apply for permanent residency after five years and Portuguese citizenship after six years.
“Among European countries with residency programmes, Portugal has been the most popular because it offers the most cost-effective programme to eventually acquire citizenship of the European Union without ever residing in Portugal,” states Veronica Cotdemiey of Citizenship Invest.
Greece
The real estate investment threshold to acquire residency for Greece is €250,000, making it the cheapest real estate residency visa scheme in Europe. You can apply for residency in four months and citizenship after seven years.
Spain
The real estate investment threshold to acquire residency for Spain is €500,000. You can apply for permanent residency after five years and citizenship after 10 years. It is not necessary to live in Spain to retain and renew the residency visa permit.
Cyprus
Cyprus offers the quickest route to citizenship of a European country in only six months. An investment of €2m in real estate is required, making it the highest priced programme in Europe.
Malta
The Malta citizenship by investment programme is lengthy and investors are required to contribute sums as donations to the Maltese government. The applicant must either contribute at least €650,000 to the National Development & Social Fund. Spouses and children are required to contribute €25,000; unmarried children between 18 and 25 and dependent parents must contribute €50,000 each.
The second step is to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000 per annum for five years. The third step is to invest at least €150,000 in bonds or shares approved by the Maltese government to be kept for at least five years.
Candidates must commit to a minimum physical presence in Malta before citizenship is granted. While you get residency in two months, you can apply for citizenship after a year.
Egypt
A one-year residency permit can be bought if you purchase property in Egypt worth $100,000. A three-year residency is available for those who invest $200,000 in property, and five years for those who purchase property worth $400,000.
Source: Citizenship Invest and Aqua Properties
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Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
Company%20profile
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