• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Trump Transportation Dept nominee says he will work to restore global confidence in Boeing

by January 15, 2025
written by January 15, 2025

By David Shepardson

WASHINGTON (Reuters) – President-elect Donald Trump’s nominee to head the Transportation Department will tell a Senate committee on Wednesday he aims to ensure worldwide trust in U.S. planemaker Boeing (NYSE:BA) after a 2024 mid-air emergency.

“I will work with Congress and the FAA to restore global confidence in Boeing and to ensure our skies are safe,” said Sean Duffy, a former U.S. House lawmaker, according to written testimony seen by Reuters.

The Federal Aviation Administration is maintaining tougher oversight of Boeing indefinitely, a year after a door panel missing four bolts flew off a new Alaska Airlines Boeing 737 MAX 9 in mid-air. It has also barred Boeing from expanding production beyond 38 MAX planes per month.

Boeing did not immediately comment.

FAA Administrator Mike Whitaker plans to step down on Jan. 20, while Deputy FAA Administrator Katie Thomson left the agency last week. Trump has not yet named a new nominee to head the department.

On Saturday, Trump said he was nominating Steve Bradbury, a former DOT general counsel, to serve as deputy DOT secretary.

Duffy will face a number of aviation issues including a persistent shortage of air traffic controllers, aging FAA facilities and a series of dangerous near-miss incidents.

The FAA is still about 3,000 controllers behind staffing targets and has about 10,600 certified controllers. In June, the FAA extended cuts to minimum flight requirements at congested New York City-area airports through October 2025, citing a shortage of air traffic controllers.

“In aviation, safety will remain the top priority. America needs more air traffic controllers,” Duffy’s written testimony says.

Duffy also said Trump told him DOT “is a top priority for him and he wants to invest in rebuilding our nation’s crumbling infrastructure.”

Duffy said he “will work to reduce the red tape that slows critical infrastructure projects” and address U.S. traffic deaths, which rose after the start of COVID to their highest level since 2005 and remain well above pre-pandemic levels.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Japan manufacturers’ mood rebounds in Jan, outlook stays flat – Reuters Poll
next post
FTC set to sue Deere over equipment repair practices, Bloomberg News says

You may also like

BASF results down on impairments, restructuring

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!








    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Kimberly-Clark to buy Kenvue in $48.7 billion deal

      November 3, 2025
    • Barbie, Monopoly toymakers see bright holiday season despite tariff pressure

      October 29, 2025
    • Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster

      October 24, 2025
    • X-ray tables, hidden cameras: The tech in rigged poker games linked to the mob and NBA

      October 24, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (661)
    • Stock (6,426)

    Latest News

    • Kimberly-Clark to buy Kenvue in $48.7 billion deal
    • Barbie, Monopoly toymakers see bright holiday season despite tariff pressure

    Popular News

    • Goldman Sachs’ 2025 outlook on cybersecurity stocks
    • Nvidia’s ‘flawless’ results a ‘bright green light’ to own the stock, Wedbush says

    About The Significant deals

    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy