COMING UP FIRST TOP STORY THIS
HALF AN HOUR NEW QUEASY FOR
BOEING, THE "THE WALL STREET
JOURNAL" IS REPORTING THAT
BOEING WITHHELD ON MODEL THE
SAME MODEL INVOLVED IN THE
DEADLY LION AIRCRASH IN
INDONESIA LAST MONTH TO
DISCUSS THAT A LOT MORE IN FOX
BUSINESS EXCLUSIVE IS CHAIRMAN
PRESIDENT AND CEO OF BOEING
DENNIS MUILENBURG GOOD TO SEE
YOU --
>> GOOD TO SEE YOU NOW THANK
YOU VERY MUCH FOR JOINING US
STORY IN THE JOURNAL OBVIOUSLY
VERY CONCERNING WHEN A CAN YOU
TELL US IN TERMS OF WHAT WAS
TOLD TO THE PILOTS AND
AIRLINES ABOUT ANY NEW
EQUIPMENT IN THAT 737.
>> MARIA FIRST OF ALL, I THINK
IT IS IMPORTANT THAT WE ALL
EXPRESS OUR SYMPATHIES FOR THE
LOSS OF LION AIR FLIGHT 610 OR
THOUGHTS GO WITH FAMILIES THAT
HAVE BEEN AFFECTED, WE HAVE
BEEN VERY ENGAGED WITH THE
INVESTIGATIVE AUTHORITIES
THROUGHOUT PROVIDING ALL
INFORMATION, NECESSARY, TO
MAKE SURE WE DO A FULL
ASSESSMENT OF THE SITUATION.
AND THE BOTTOM LINE HERE IS
THE 737 MAX IS SAFE, THE
SAFETY IS CORE VALUE FOR US AT
BOEING ALWAYS HAS BEEN WE
ENSURE THAT AIRPLANES ARE
SAFE, IN FACT, THIS AIRPLANE
WENT THROUGH THOUSANDS OF AURZ
OF TESTS EVALUATION
CERTIFICATION, WORKING WITH
PILOTS AND WE HAVE BEEN VERY
TRANSPARENT ON PROVIDING
INFORMATION AND BEING FULLY
COOPERATIVE ON ACTIVITY.
>> APPARENTLY 10 COMPUTERS
ABOUT THE ANGLE OF THE NOSE,
WERE NOT ACCURATE AND THE
PLANE WENT DOWN 189 PEOPLE
DEAD DO YOU HAVE A SENSE OF
WHAT WENT WRONG?
>> YEAH, THE INDONESIAN
AUTHORITIES POINTED OUT
INITIALLY SOME INDICATIONS OF
INACCURATE ANGLE ATTACK SIGNAL
BEING SENT TO THE AIRPLANE,
HAVING AIRPLANE HAS THE
ABILITY TO HANDLE THAT WE HAVE
PROCEDURES IN PLACE, AND WE
HAVE ALREADY ISSUES A COUPLE
ADDITIONAL BUT WILL TIPS TO
OPERATORS PILOTINGS AROUND THE
WORLD THAT POINT THEM BACK TO
EXISTING FLIGHT PROCEDURES TO
HANDLE THAT KIND OF CONDITION.
SO AGAIN, WE ARE GOING TO
CONTINUE TO SPO ARE THE
INVESTIGATION, AS IT PROCEEDS.
>> ONE OF THE BOEING OFFICIALS
QUOTED IN THE JOURNAL TODAY
ONE HIGH RANKING OFFICIAL SAID
COMPANY CITIED AGAINST CLOSING
MORE DETAILS TO COCKPIT CRUISE
DUE TO CONCERNS ABOUT
INUNDATING AVERAGE PILOTS WITH
TOO MUCH INFORMATION WAS THAT
A DECISION NOW THAT YOU
REGRET?
>> NO AGAIN WE ENSURE WE
PROVIDE ALL INFORMATION NEEDED
TO SAFELY FLY OUR AIRPLANES
AGAIN THIS COMES AS OUT OF
THOUSANDS OF HOURS OF TESTING
EVALUATING SIMULATING,
PROVIDING THE INFORMATION THAT
OUR PILOTS NEED TO OPERATE OUR
AIRPLANES SAFELY.
WE WILL CONTINUE TO DO THAT,
AS I SAID, AS PART OF THE
PROCESS HERE WE HAVE ALREADY
ISSUING A COUPLE BUT WILL TINZ
TO POLITES OPERATORS POINT
THEM TO EXISTING FLIGHT PROURS
TO HANDLE THIS KIND OF A
SITUATION WE ARE GOING TO
CONTINUE TO COOPERATE IN THE
INVESTIGATION I THINK REALLY
IMPORTANT AGAIN, THE BOTTOM
LINE HERE 737 MAX VERY SAFE
PLANE WE ARE --
>> BUT WAS THERE A NEW SYSTEM
THAT WASN'T DISCLOSED TO THE
PILOT.
>> THERE ARE NEW SYSTEMS ON
AIRPLANES THAT ARE DESIGNED TO
TAKE ADVANTAGE OF THE
CAPABILITIES OF THE AIRPLANE
AND PROVIDE CONTROL ABOUT
CAPABILITY HIGH ANGLE OF
ATTACK CONDITIONS.
AND THOSE SYSTEMS OPERATE HE
PROPERLY AGAIN, IN CERTAIN
FAILURE MODES IF INACCURATE
ANGLE OF ATTACK SENSESOR
FEEDINGS INFORMATION TO THE
AIRPLANE THERE IS A PROCEDURE
TO HANDLE THAT SO AGAIN, AS
PART OF THE INVESTIGATION,
PROCESS, WE ARE GOING TO MAKE
SURE WE FULLY UNDERSTAND THAT,
WE ARE GOING TO MAKE SURE
PROVIDING ALL THE INFORMATION
NECESSARY, AND APPROPRIATE
TRAINING, AND GO BACK TO CORE
VAL AIRPLANE IS SAFE WE KNOW
HOW TO FLY IT SAFELY.
>> WAS THAT INFORMATION IN
TERMS OF WHAT HAVE TO DO
SHOULD SOMETHING CHANGE WAS
THAT INFORMATION AVAILABLE TO
THE PILOTS?
DID THEY KNOW HOW TO OPERATE
SHOULD IT NOSE BE IN A
DIFFERENT POSITION.
>> THAT IS PART OF THE
TRAINING MANUEL EXISTING
PROCEDURE SO THE BULLETIN WE
PUT OUT AGAIN LAST WEEK OVER
THE WEEKEND, POINTED TO THAT
EXISTING FLIGHT PRIOR.
>> OBVIOUSLY I KNOW YOUR
ANSWERING LOTS OF QUESTIONS
THIS MORNING, AND THIS WEEK,
AFTER THIS HORRIFIC CRASH AND
YOU ARE GOING TO GET MORE
INFORMATION WHAT WOULD BE
TIMING ON THAT WHEN DO YOU
EXAMINE TO HEAR FROM FAA ON
THIS.
>> THIS IS ONGOING
INVESTIGATION WILL TAKE
WHATEVER TIME IS NECESSARY TO
MAKE SURE IT IS DONE HE O
THOROUGHLY WE PARTICIPATE
FULLY IN INVESTIGATIONS
PROVIDE TECHNICAL ASSISTANCE,
WE WILL CONTINUE TO DO THAT
UNTIL THE WORK IS COMPLETE,
VERY IMPORTANT THAT WE DO THIS
IN A DILIGENT THOROUGH MANNER,