The Federal Aviation Administration ordered ultrasonic inspections of jet engines after an explosion on a Southwest Airlines flight earlier this week killed a passenger.
"In other parts of the world, these regulations have already been in place," said Emily McNutt, a news writer at The Points Guy. "In Europe, just last month European regulators issued these same regulations that require airlines to inspect those CFM 56-7B engines, which are most commonly found on Boeing 737 aircraft."
It was a Southwest Boeing 737 jet that suffered a catastrophic failure of one of its engines on Tuesday en route from New York to Dallas. One passenger, identified as [Jennifer Riordan](https://www.cnn.com/2018/04/18/us/philadelphia-southwest-flight-jennifer-riordan/index.html), a 43-year-old Wells Fargo executive from New Mexico, was killed when she was sucked against a broken window as the cabin depressurized.
This is not the first call for inspections of this type of engine aboard Boeing 737 aircraft. An accident aboard a different Southwest jet in 2016 moved the F.A.A. to [consider inspections](https://www.nytimes.com/2018/04/19/business/engine-on-southwest-jet-not-the-only-one-to-develop-cracks.html). And the engine's manufacturer CFM proposed checks in recent years, and is now [pressing for them](https://www.wsj.com/articles/cfm-plans-new-jet-engine-directive-1524244730).
McNutt said it wasn't clear whether the airline or the engine manufacturer was responsible, and if the F.A.A. should have acted sooner in regards to engine inspections. The National Transportation Safety Board is still investigating.
"It could be on the airline in that they weren't inspecting the engines. But it could be on the F.A.A. because back in 2016, a similar incident did happen, again involving Southwest," said McNutt on Friday in an interview with Cheddar. "Because the F.A.A. didn't immediately require that airlines didn't undergo these inspections, the F.A.A. kind of is partially is responsible in a sense. Whether or not this holds up legally is yet to be determined."
For full interview, [click here](https://cheddar.com/videos/fallout-from-southwest-airlines-emergency-landing).
After the 2021 boom, IPO activity slowed down significantly, in part due to monetary policy – but things are getting moving again with tech-friendly companies like Iboutta and Rubrik making a public debut.
With an increasing demand for mental health services, one person wanted to change the therapy game. In 2017, CEO Alex Katz founded Two Chairs, a company that uses technology to match patients with the right therapist.
Not only is April Financial Literacy Month, it’s also the kickoff of the spring homebuying season. So now is the time to make sure you have a financial plan in place – and why it might not be wise for that to include buying your first home.
While the U.S. may slowly be on the path to lowering inflation (and therefore interest rates), Europe has thoroughly trounced America, putting it on the path to lower rates by this summer.
April's release of the monthly Housing Starts and Building Permits reports by the Census Bureau provides crucial insights into the construction activity in the housing market. These reports are an economic indicator, shedding light on the current state of the housing market and its broader economic impact.
Caitlin Clark is heading to the Indiana Fever, the number one draft pick and the highest-scoring college basketball player of all time. And while she may not be getting millions from the WNBA, there's a few ways she'll net compensation for her generational talents.
Author of 'Clean Meat,' Paul Shapiro joins Cheddar to discuss how the cellular agricultural revolution helps lower rates of foodborne illness and greatly improves environmental sustainability. Plus, how his company The Better Meat Co. is bringing healthier food options to the table.
Recent headlines might make it sound like World War III is imminent, but when it comes to your finances, it's not the time to panic. The market is coming off its longest winning streak since 2011.
You may have noticed fewer new venture capital-backed startups (like Airbnb or Uber) lately. The market slowed to a crawl after 2021, but things are expected to take off again in 2025.