Boeing (BA) is due to submit a report today to the Federal Aviation Administration (FAA) outlining its plans for handling safety and quality issues. Yahoo Finance's Alexis Keenan reports more on the story and its implications for the airplane manufacturer's future. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
French President Emmanuel Macron personally intervened to persuade Canadian Prime Minister Justin Trudeau to give Airbus and other aerospace firms relief from sanctions on Russian titanium, according to three people familiar with the matter. The sensitive request was made during a phone call between the two leaders in March, weeks after Canada broke ranks with allies and slapped sanctions on the strategic metal, alarming France-based Airbus and others that still rely on Russian supplies in plants located in Canada or elsewhere. A Canadian source familiar with the matter said Macron raised the topic in a call with Trudeau on March 29 in the run-up to a visit by French premier Gabriel Attal, who also addressed the issue when he was in Canada.
Aircraft maker Boeing is expected to commit to sweeping changes on Thursday in a new plan meant to reassure the public, airline customers and regulators that the troubled company’s planes are safe to fly.