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tv   Business Today - NYSE Opening Bell  BBC News  June 12, 2025 2:30pm-2:46pm BST

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for the company now about the safety of this particular aircraft. as you pointed out, we have been watching this company trying to struggle with safety concerns and there was a feeling that it was getting back on track. perhaps had some momentum behind them, there was a new ceo, who said that 2025 would be the year really that it would be back. just last month, in the middle east, with president trump selling up rains but today's accident comes weeks after the company cut a deal with the us government. -- selling planes. nonetheless, if you talk to airline executives in the us or regulators, there was a feeling that boeing has been making strides. this is a very different model of plain, we should point out, that has been involved in the fatal crash. it
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is one dreamliner that has a stellar track record. it uses general electric. it's too -- this has a very good record. people are sort of waiting to find answers but right now, unfortunately, there are more questions than there are sort of answers to what exactly happens. it is early days and a lot what has been said so as speculation. i think we can rule out weather and winds here because it was pretty good day when took off. they are leading a team of us investigators to india. he would you think would be involved in that and what
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expertise do they have? their involvement obviously brings a level of expertise. they have been working with boeing for a long time so they have familiarity with the plane. there are going to be a couple of things that people are looking at. is this a mechanical issue with the plane? is it a mechanical issue with a software or is it a mechanical issue with the engines? there's also this idea of pilot error or whether or not there was a bird strike. although this will become clear with the cockpit data and voice recorder. that is information they are going to want to try and establish what happened. and it is the know-how the faa bring, having worked with boeing for so many years, that they can help within this particular situation. but again, that will take weeks, probably not days before they are able to recover and then sort of decipher and get the data they need from that. thank you very much for the moment. let's bring in benjamin katz. thank you very much a being
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with us. you have probably had a lot of what has been said in respect of boeing. clearly the timing could hardly be worse. boeing has really gone through back-to-back crisis for the last few years. you mentioned the crashes in 2018, to a 19 full supply continued through the pandemic. after the alaska incident, with a newly delivered 737 max, this company has really been going for a turmoil. trying to figure out what part of its culture it can change above how it can improve manufacturing quality. it seemed to be making strides. in the last few weeks, we have seen a settlement between boeing and the doj around them dropping criminal charges against belling for the 737 max
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incidents. but we have also seen production. they have started delivered the 787 is, they are starting to increase production of that which is to the faa, the regulator, they have very limited boeing what they can do. in the last few weeks, boeing has been building up a bit of momentum. this cuts that are somewhat, depending what the findings are. to think there will be any questions internally about whether to ground the aircraft until the investigation has been completed? typically the standard in aviation safety is not act until there is evidence. if there is evidence, then i am sure the plane will be grounded if there was anything to suggest that there was a desire manufacture and floor. but typically that won't happen extensively. i don't see boeing proactively taken that step. we don't have anything significant yet indicate that there was a manufacturing default on this plane or a
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design fault with this aircraft. the pain itself has been flying for about 11 years. so it is not an aircraft that has come out that he met straight out of belling's manufacture plants. we see the hostel that the plane hit at the end of the runway. looking at these pictures, so difficult to pick your way through the wreckage, through the bodies, the body parts, to find what is really crucial at this stage and that is the voice box recorder and the data recorder. absolutely. it is one of the biggest issues and challenges when it comes to an aircraft crash. this incident happened on land, which also means that more people on the ground were affected but we see it a lot when there are crashes over oceans, there are aircraft we have lost that we have not
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sound. it will take days, it will take time to recover those. they will then have to be shipped to the countries that have technology to download that data. we will likely see the data being shipped to the us where it can be processed. the investigation process takes time. we will properly get a preliminary report in the next weeks or months and then a final report normally takes around a year. what do you think this will do the boeing? he said orders had picked up recently after the terrorist row and the cancelled orders that china cancelled in recent months -- tariffs. what you think this will do to the business as we come to the opening bell and start looking at share prices? we see the share prices are already down. it is difficult to say. a lot
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of the share coming down is probably protective. investors worried or concerned that there is a fault that can be brought back and associated with belling. again, there is no evidence yet that is the case, and which case, if it is down to pilot error or a bird strike, you will proudly see the share price not recover again. it is hard and there is definitely a cultural shape within the company, when the ceo wakes up and do something like this happen, it can have this report, shock wave. this is a lot of pressure. boeing is dealing with a lot of tensions. aerospace seems to be a very easy target. we have seen china's halt some of its live of boeing aircraft to upped the ante in negotiations with president trump. that is happening at the same time that boeing is trying to get back to it basics, which is man
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factoring quality aircraft and living these customers around the world. the tariffs story is a two prong challenge that boeing is confronted with, tariffs and this question of safety and reliability. thank you very much indeed. we have just had the opening bell in new york. let's rejoin michelle fleury who is there for us. what are you seeing in that share price as the trading gets under way? boeing shares right now down about 5%. i am looking at general electric share price which makes the engines. that is down just over 2%. i think is worth pointing out that if we had been talking about the share price about an hour ago, certainly in the case of boeing, it was down around 14%. investors after that initial sell-off and reaction are clearly waiting to find out more information but obviously
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it is weighing on the stock. another thing to point out is that there had been a lot of momentum behind boeing for a while now. the sense that they had been making progress on some the safety concerns that had clouded the outlook for the company. because of that, the share price had been climbing for several weeks now, but obviously that momentum is now stopped by what has happened today. michelle fleury neu, thank you very much for that. -- in new york. let me explain to our viewers what we are looking at at the moment. there is still lots of smoke billowing from the crash site. we have seen pictures of them dousing the main building for the aircraft hit, this former hostel. we have had from tim atkinson hit on bbc news who is the former investigation, aircraft accident
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investigation, it is properly the most complex and i have ever seen pictures of he said. my initial thoughts will be just how difficult it will be to work for all manners of hazards to try and find the flight recorders and the physical remains of the aircraft. you will know from previous investigations that they do recover as many parts of the aircraft as they can. sometimes they rebuild the aircraft and that becomes part of an investigation for subs all the debris that you could see and imagine lying around this building at the moment, that will form part of the investigation. so it has to be preserved and protected which is why the indian army have that according around the main site of the crash. let's be to a boeing triple seven captain. he is an aircraft investigator. the complexity of a site like
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this and building a picture of what has gone wrong, is that accurate? it is certainly a mess. we have seen worse so the good news, i suppose if you could call it that, some of these accidents have been much harder in terms finding parts or various components just because of the angle of the entry into the ground. of course, it is a challenge. there are a lot of hazards on the ground as there are in most of these accidents and it will just be a meticulous process to make sure that the investigators stay safe while they are sifting through the wreckage. and it is unfortunately, something that i guess you could say par for the course in his accidents. obviously everything that we set the moment is only speculation but a lot of focus has been put on the wing flaps and also on the speed of the
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aircraft. we get such an enormous amount of information early these days from flight radar about the height it was at. it only get to a maximum of 625 feet. the speed, one expert has told us, wasn't the speed he would expect at the moment that it the runway. what do you see? all of these are factors i need to be looked at by the investigators. at this point, it would be pure speculation to me to say for sure what is happening because even through the videos, you really can't tell as much as you might think looking at the videos. they are very useful later when we use them to correlate with the flight data recorder and if there is other recordings, they deftly have their place, just like all the other information. but there is really no way to save a certain where the flaps were or what their speed was at
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this point. so these are all factors that will be looked at for sure. we are looking at everything on the team to make sure that we are looking at the settings of the controls, the amount of thrust that was available. of course, what type of runway they had available on take off. all of these things are considerations that are then carefully analysed for performance analysis to make sure that we are really seeing what we believe we are seeing and there are no errors involved. i can't save a certain right now because the truth is that we do not know. the landing gear are still down, at the point that it is appears on the video. would that be because they were dealing with a may day, emergency situation in the cockpit, there were other things they were dealing with? or might that point in summing up was wrong with the aircraft? it could have caused either those things. for sure, if i am
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taking off and i am working with basic controllability of the aeroplane is something of that nature. i am not retracting the landing gear. on the other hand, there could be some kind of secondary factors such as hydraulic issue that makes that remap precludes the ability to retract the landing gear. and it is also leading to the other problems. so there is any no way to say for sure at this point, but you can assume that the flight controls were working properly, then the primary focus of that point would be on flying the aeroplane, and not be on changing the landing gear position which is really of secondary importance. in terms of extending their wings, would you as a pilot get a warning if there was something wrong with that? would an alarm sound in
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the cockpit if you hadn't fully extended them? i am assuming you are talking about the flaps. there is a take-off warning or signal, different air pays have a different signal, that advises the flight crew if they have power applied and the aircraft is not in the take-off configuration. to a pilot with over 8000 hours of flying experience, you would anticipate that he would know if that was the situation? yes, for sure. this is something that is known, pretty quickly when you apply the power, you will get this beep and be immediately looking to see what is wrong. so that would certainly be a factor. there have been one accident at least whether horn didn't work.

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