Some Boeing 737 MAX planes temporarily grounded after ‘potential’ issue

In this file photo taken on Sept. 30, 2020, a Boeing 737 MAX airliner lands during an evaluation flight at Boeing Field in Seattle, Washington. (AFP / Jason Redmond)
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Updated 10 April 2021
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Some Boeing 737 MAX planes temporarily grounded after ‘potential’ issue

  • Boeing managed to get the 737 MAX back in the skies late last year after it was grounded for 20 months following two fatal crashes

NEW YORK: US aircraft manufacturer Boeing said on Friday it had recommended that 16 airlines flying its 737 MAX planes address a “potential electrical issue” in a new setback for the top-selling model.
Major carriers began temporarily removing some of their MAX planes from service after the aerospace giant flagged the electrical issue — which is not a concern for all of the aircraft.
The potential problem requires “verification that a sufficient ground path exists for a component of the electrical power system,” Boeing said.
Electrical systems must be grounded to avoid overloads that can cause serious failures.
Boeing shares fell Friday, although the likely impact of this latest issue appeared limited.
A note from the investment website Briefing.com said it was encouraging that a major Boeing customer, Southwest Airlines, expects only a minimal disruption.
“However, the news is another blow for customers’ and investors confidence in the company,” Briefing said.
Boeing managed to get the 737 MAX back in the skies late last year after it was grounded for 20 months following two fatal crashes, and recently announced an order for 100 of the aircraft as the airline sector begins to recover from the coronavirus pandemic.
The manufacturer discovered the latest issue on a plane in production “during normal build activity,” a Boeing spokeswoman said.
It is “premature” to discuss the time needed to address the issue, and “could take a matter of hours or a few days” before planes are returned to service,” she said.Boeing did not say which airlines were concerned, nor did it specify the number of aircraft involved.
The company notified the US Federal Aviation Administration of the issue on Thursday night, an FAA spokesperson said.
“The FAA is in contact with the airlines and the manufacturer and will ensure the issue is addressed,” the agency said. “Passengers should contact their airlines about specific flight cancelations or delays.”
Southwest Airlines, which announced a large order of new MAX planes last month, said it removed from service a “subset” of its MAX fleet.
“While Southwest has not experienced any known operational challenges related to the issue, 30 of the airline’s 58 737 MAX 8 aircraft are affected by the notification,” the carrier said. “Southwest anticipates minimal disruption to our operation.”
United Airlines, which also has ordered additional MAX planes since the jet was approved by regulators to resume service, said it is “voluntarily and temporarily removing 16” of its MAX planes from its schedule.
“We have been in touch with the FAA and Boeing and will continue to work closely with them to determine any additional steps that are needed to ensure these aircraft meet our rigorous safety standards and can return to service,” United said. “We are working to swap out aircraft to minimize the impact to our customers.”
American Airlines said it removed 17 aircraft “to complete necessary inspections and make any changes recommended or required by Boeing or the Federal Aviation Administration,” a spokeswoman said.
All three US carriers still have MAX planes in their fleet not affected by the issue.The 737 MAX has been a huge hit with airlines, and was Boeing’s best-selling aircraft until it was grounded in March 2019 following the second of two crashes that together claimed 346 lives.
And after the Covid-19 crisis hammered the air transport sector, airlines canceled hundreds of orders.
Investigators said a main cause of both crashes was a faulty flight handling system known as the Maneuvering Characteristics Augmentation System or MCAS.
Boeing continues to face litigation from families of victims who died in crashes on Lion Air and Ethiopian Airlines flights.
The FAA in mid-November cleared the MAX to return to service following upgrades to the plane and pilot training protocols. Other national regulators have followed suit since then.
Recent MAX orders by Southwest, Ryanair and others have underscored the appeal of the single-aisle MAX in the nascent airline industry recovery following the pandemic travel shutdown.
Aviation experts expect demand for domestic and short-flight service to recover before international flying.
Shares of Boeing fell 1.0 percent to $252.36.`


Silver crosses $77 mark while gold, platinum stretch record highs

Updated 27 December 2025
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Silver crosses $77 mark while gold, platinum stretch record highs

  • Spot silver touched an all-time high of $77.40 earlier today, marking a 167% year-to-date surge driven by supply deficits
  • Spot platinum rose 9.8% to $2,437.72 per ounce, while palladium surged 14 percent to $1,927.81, its highest level in over 3 years

Silver breached the $77 mark for the first time on Friday, while gold and platinum hit record highs, buoyed by expectations of US Federal Reserve rate cuts and geopolitical tensions that fueled safe-haven demand.

Spot silver jumped 7.5% to $77.30 per ounce, as of 1:53 p.m. ET (1853 GMT), after touching an all-time high of $77.40 earlier today, marking a 167% year-to-date surge driven by supply deficits, its designation ‌as a US ‌critical mineral, and strong investment inflows.

Spot gold ‌was ⁠up ​1.2% at $4,531.41 ‌per ounce, after hitting a record $4,549.71 earlier. US gold futures for February delivery settled 1.1% higher at $4,552.70.

“Expectations for further Fed easing in 2026, a weak dollar and heightened geopolitical tensions are driving volatility in thin markets. While there is some risk of profit-taking before the year-end, the trend remains strong,” said Peter Grant, vice president and senior metals strategist ⁠at Zaner Metals.

Markets are anticipating two rate cuts in 2026, with the first likely ‌around mid-year amid speculation that US President Donald ‍Trump could name a dovish ‍Fed chair, reinforcing expectations for a more accommodative monetary stance.

The US ‍dollar index was on track for a weekly decline, enhancing the appeal of dollar-priced gold for overseas buyers.

On the geopolitical front, the US carried out airstrikes against Daesh militants in northwest Nigeria, Trump said on Thursday.

“$80 in ​silver is within reach by year-end. For gold, the next objective is $4,686.61, with $5,000 likely in the first half of next ⁠year,” Grant added.

Gold remains poised for its strongest annual gain since 1979, underpinned by Fed policy easing, central bank purchases, ETF inflows, and ongoing de-dollarization trends.

On the physical demand side, gold discounts in India widened to their highest in more than six months this week as a relentless price rally curbed retail buying, while discounts in China narrowed sharply from last week’s five-year highs.

Elsewhere, spot platinum rose 9.8% to $2,437.72 per ounce, having earlier hit a record high of $2,454.12 while palladium surged 14% to $1,927.81, its highest level in more than three years.

All precious ‌metals logged weekly gains, with platinum recording its strongest weekly rise on record.