Airbus deal Airbus has struck a deferred prosecution agreement with fraud agencies in the U.S., U.K. and France. The preliminary deal, which still requires court approval in each jurisdiction, should start to wrap up a four-year corruption investigation involving irregularities in its applications for state-backed funding guarantees. BBC
Arconic cuts Arconic, a major supplier for Boeing, may cut jobs as a result of the 737 MAX's paused production. CEO John Plant said the uncertainty will be Arconic's biggest challenge this year, and it expected to lose $400 million in sales. However, with profits up, Arconic's share price rose 5.4%. Wall Street Journal
Airbus bribes AirAsia, the continent's biggest budget airline, has denied claims that Airbus bribed it to take 180 of its planes. The allegations came out following Airbus's agreement to pay $4 billion in fines to settle corruption accusations from authorities in the U.S., U.K. and France. AirAsia says it will cooperate with British and Malaysian authorities, which are probing the new allegations. BBC
Boeing 737 Max The Federal Aviation Administration is reportedly set to tell Boeing that it has to relocate electrical wires in each of its nearly-800 737 Max jets before they can return to service. The FAA is worried about wiring failures causing flight-control systems to point down the plane's nose, in a similar way to how automated maneuvers brought down two of the craft, killing 346 people. Wall Street Journal
If I were Boeing's CEO, while fixing the wires, I would add another angle of attack sensors and make them triple redundant like the Airbus A320. As is, with two, when they disagree, the MCAS is crippled and that defeats the purpose of the MCAS. The bandaids they put on that airplane cost >> more $$$ to date.