Boeing, FAA plan for 737 Max return
The Federal Aviation Administration said Thursday it’s inviting “a cross-section of line pilots from carriers that operate the aircraft around the world” to participate in simulator testing “as part of the overall testing and validating of new procedures on the Boeing 737 Max.”
And according to two sources with knowledge of the matter, the FAA’s Flight Standardization Board that determines U.S. pilot-training requirements aims to issue in early September new recommendations for exactly what Max pilot training is needed before U.S. airlines can fly passengers on the airplane again.
The updated schedule is aggressive. Assuming FAA clearance in October, Boeing plans to begin the ramp-up immediately, moving from the current 42 planes per month to the pre-crash production level of 52 jets per month by February and reach a new high of 57 jets per month by next summer.
Hasbro buys Peppa Pig owner
Hasbro Inc. agreed to spend $4 billion for Entertainment One, the studio that makes the Peppa Pig and PJ Masks children’s shows, expanding its media business at a time when the race to consolidate the TV and filmmaking industry is heating up.
The world’s largest publicly traded toymaker will pay 5.60 pounds a share in cash, 26% more than Thursday’s closing price. Entertainment One rose as high as 6.16 pounds, indicating some investors anticipate a higher bid for the company, which also makes movies and music. The bonds reached a record high.
Hasbro’s biggest-ever deal would give it TV production and development capabilities, including animated and live action shows, at a time when growth in video-streaming is spurring competition for content producers.