Monday, October 14, 2013

The shutdown and Boeing, Airbus

The government shutdown hasn't hurt Boeing Co., but it is hurting Airbus. That's according to Financial Times. It reports that Airbus has been unable to deliver four jetliners to U.S. customers. That's because the aircraft need certificates or registrations from the Federal Aviation Administration. But Boeing has been approved by the FAA to inspect and approve several well-established aircraft types for delivery on the government's behalf. (Source: Wall Street Cheat Sheet, 10/13/13, Financial Times, 10/11/13, Business Insider of Australia, 10/09/13)