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WASHINGTON (Reuters) – American Airlines Group Inc (AAL.O) said on Wednesday it was “unaware” of some functions of an anti-stall system on Boeing Co’s (BA.N) 737 MAX until last week macy’s cufflinks uk sale. Boeing and the U.S. Federal Aviation Administration (FAA) issued guidance on the system last week after a Lion Air jet crashed in Indonesia on Oct. 29, killing all 189 people on board. The FAA warned airlines last week that erroneous inputs from the system’s sensors could lead the jet to automatically pitch its nose down even when autopilot is turned off, making it difficult for pilots to control..
The system was designed to prevent the jet from stalling, according to information provided by Boeing to airlines. “We value our partnership with Boeing, but were unaware of some of the functionality of the Maneuvering Characteristics Augmentation System (MCAS) installed on the MAX 8,” an American Airlines spokesman said. “We must ensure that our pilots are fully trained on procedures and understand key systems on the aircraft they fly.”. Indonesian investigators said on Monday the situation the crew of a doomed Lion Air jet was believed to have faced was not contained in the aircraft’s flight manual macy’s cufflinks uk sale. U.S. pilot unions were also not aware of potential risks, pilot unions told Reuters..
The FAA and Boeing are evaluating the need for software or design changes to 737 MAX jets in the wake of the Lion Air crash, the regulator said on Tuesday. The American Airlines spokesman said his airline was continuing to work with Boeing and the FAA and would keep pilots informed of any updates. A Boeing spokeswoman said the manufacturer could not discuss specifics of an ongoing investigation but it had provided two updates for operators around the world that re-emphasize existing procedures to deal with situations relating to MCAS macy’s cufflinks uk sale.
SAN FRANCISCO (Reuters) – Bain Capital Ventures, the venture capital division of the eponymous Boston-based investment firm, said it has raised a new $1 billion fund to invest in startups, adding to a year of big-dollar fund-raising by tech investors. Bain Capital Ventures, which has backed LinkedIn and Jet.com, told Reuters that $650 million would go into one fund, about half of which will be used for early-stage investments, backing young startups with unproven business models, the firm’s sweet spot macy’s cufflinks uk sale. The other half will be used for investments in bigger, growing businesses..
“We’ve invested from PowerPoint slides,” said Enrique Salem, a managing director at Bain Capital Ventures who invests in cyber security startups. “You have to have conviction with very little data.”. Another $250 million will also be used for larger investments in growth-stage companies macy’s cufflinks uk sale. Separately, the firm’s partners put in $100 million. This is Bain’s eighth fund. Recent successful initial public offerings by Bain-backed companies helped the venture firm attract more than enough interest from investors to round out the $1 billion fund, Salem said..