Amazon Italy Pays €180M in Compensation as Delivery Staff Probe Ends 
Netflix Nearing Major Deal to Acquire Warner Bros Discovery Assets 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
ExxonMobil to Shut Older Singapore Steam Cracker Amid Global Petrochemical Downturn 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Trump Administration to Secure Equity Stake in Pat Gelsinger’s XLight Startup 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment 
Boeing revealed on Thursday, May 13, that it will be resuming the deliveries of its 737 Max jets and will probably start this week. The announcement came after receiving approval from the U.S. Federal Aviation Administration regarding the fix for an electrical issue in the said plane model.
As per CNBC, airlines in the U.S. are starting the needed repairs on their grounded Boeing 737 Max units. The work on fixing the jets was only carried out now since the FAA still needs to review and approve the remedy to be done.
The grounding of 737 Max jets
More than 100 Boeing planes were grounded last month after an electrical issue was discovered. The grounding comes not long after airlines around the world began lifting the ban on the jets that were pulled out from service for almost two years, since March 2019.
A series of deadly crashes led to the ban and when the investigation and repairs were done, Boeing’s 737 Max units were able to fly again. However, as airlines deploy these planes again this year, they were grounded again last month. It was said that this new defect is not related to the earlier problems.
In any case, the recent grounding of the planes also led to another problem for Boeing as it had to stop the deliveries of the jets. The company must fix the electrical issue first before it could deliver the planes to its buyers.
Now that the aviation agency gave a go signal for the repair, Boeing is set to deliver the planes soon. As of today, it was also reported that at least 17 Max planes are expected to return to service in the coming days following a thorough inspection and repair process. American Airlines, Southwest Airlines and Delta have started repairs as well but said it will take them weeks to complete all the compliance work for all of their Boeing 737 Max plane units.
FAA ok’d repair for Max
Boeing scored a win after getting the FAA to approve a fix of an electrical problem on 100 737 Max that was recently discovered. As per Reuters, the agency accepted Boeing’s service bulletins and instructions for the repairs and airlines were immediately notified.
"After gaining final approvals from the FAA, we have issued service bulletins for the affected fleet," the planemaker told the news outlet. "We are also completing the work as we prepare to resume deliveries.
