• 4 days ago
Head of the Federal Aviation Administration, Mike Whitaker, will step down on January 20th. Whitaker was confirmed last October for a five-year term. He implemented production limits and increased scrutiny of Boeing following a door-plug blowout on a Boeing 737 Max in January. The FAA has faced leadership changes amid challenges like Boeing 737 Max crashes, the COVID pandemic, and aviation safety concerns. The next FAA administrator, yet to be nominated by President-elect Donald Trump, will inherit oversight of Boeing, air traffic control modernization, and the burgeoning space industry.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Under the Federal Aviation Administration, Mike Whitaker will step down on January 20th.
00:07Whitaker was confirmed last October for a five-year term.
00:11He implemented production limits and increased scrutiny of Boeing following
00:14a door plug blowout on a Boeing 737 MAX in January.
00:18The FAA has faced leadership changes amid challenges like Boeing 737 MAX crashes,
00:23the COVID pandemic, and aviation safety concerns.
00:26The next FAA Administrator, yet to be nominated by President-elect Donald Trump,
00:30will inherit oversight over Boeing, air traffic control, and the space industry.
00:34For all things money, visit Benzinga.com slash GSTV.

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