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Tag: grounding

Boeing takes $5bn hit over grounding of 737 Max

Boeing takes $5bn hit over grounding of 737 Max

Business
Boeing is taking a $ 4.9bn hit to cover the costs of the grounding of its 737 Max aircraft after two deadly crashes.The charge is set to wipe out profits when the world's biggest planemaker posts quarterly results next week.In a statement, Boeing also said its "best estimate at this time" is that 737 Max will return to service in the last three months of this year.A crash in Indonesia in October, followed by another in Ethiopia in March, killed 346 people in total.Boeing is facing one of the worst crises in its history after its best-selling aircraft was grounded worldwide after the disasters.Crash investigators have concentrated their efforts on the aircraft's control system and Boeing has been working with regulators to roll out a software upgrade. The ...
Antarctica's grounding lines are retreating across the seafloor

Antarctica's grounding lines are retreating across the seafloor

Science
April 2 (UPI) -- The grounding lines of Antarctica are on the retreat on the ocean floor. According to a new study by scientists at the University of Leeds, warm ocean water is shrinking Antarctica's underwater footprint.According to the new data, published this week in the journal Nature Geoscience, the Southern Ocean melted 565 square miles of underwater ice between 2010 and 2016.Antarctica's glaciers have been retreating at an average rate of 82 feet per year. But the rate retreat of the grounding lines of eight of the ice sheet's 65 largest glaciers is five times greater, roughly 410 feet per year.The most dramatic rates of grounding line retreat were measured along the coast of West Antarctica."Our study provides clear evidence that retreat is happening across the ice sheet due to oce...