BusinessPostCorner.com
No Result
View All Result
Thursday, July 16, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Fake jet-engine parts case prompts call for supply chain reforms

October 9, 2024
in Business
Reading Time: 2 mins read
A A
0
Fake jet-engine parts case prompts call for supply chain reforms
ShareShareShareShareShare

GE Aerospace, Airbus SE and other aviation heavyweights proposed a series of reforms to tighten up aerospace supply chains after the discovery of spare components allegedly backed by falsified records set off a frantic global search last year.

Aerospace companies should expand use of more secure digital records, strengthen supplier accreditation and improve the traceability of a component’s authenticity to keep unauthorized parts out of airline fleets, the Aviation Supply Chain Integrity Coalition said in a report on Wednesday. 

The group, which also includes Boeing Co., Safran SA, Delta Air Lines Inc. and United Airlines Holdings Inc., issued the recommendations following a nine-month examination of supply risks exposed by a little known UK distributor that is alleged to have sold thousands of spare jet-engine parts with falsified airworthiness records. 

Bloomberg News first reported in 2023 how maintenance shops, airlines and aerospace manufacturers hunted down the suspect parts linked to AOG Technics Ltd, which a UK government website shows as still active. Carriers from China to the US and Europe were forced to pull planes from service and extract the dubious components, leaving jets grounded and racking up millions of dollars in costs.

The coalition also recommended longer-term goals, such as building databases for vendors to verify their identities and to store records to trace a part’s history from when it was first manufactured, among other steps.

The recommendations from the coalition are voluntary. Coalition co-chairs Robert Sumwalt, a former chairman of the US National Transportation Safety Board and John Porcari, a former deputy secretary of the US Transportation Department, said that they are working with US and European regulators to implement the measures.

Recommended newsletter
Data Sheet: Stay on top of the business of tech with thoughtful analysis on the industry’s biggest names.
Sign up here.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Indian tycoon Ratan Tata dies aged 86

Next Post

Top taxpayer disputes with the IRS

Next Post
Top taxpayer disputes with the IRS

Top taxpayer disputes with the IRS

Ripple x402 RLUSD AI Payments: Will XRP Price Benefit?

Ripple x402 RLUSD AI Payments: Will XRP Price Benefit?

July 15, 2026
Hull drivers urged to shop around amid 11p fuel gap

Hull drivers urged to shop around amid 11p fuel gap

July 10, 2026
IESBA reports on ethics for accountants using new technology

IESBA reports on ethics for accountants using new technology

July 15, 2026
Trump threatens to bomb bridges and power plants in Iran unless talks resume

Trump threatens to bomb bridges and power plants in Iran unless talks resume

July 15, 2026
Gender pay gap grows even as women earn more than ever

Gender pay gap grows even as women earn more than ever

July 14, 2026
SoftBank’s Masayoshi Son ridicules AI critics for ‘spitting upwards’

SoftBank’s Masayoshi Son ridicules AI critics for ‘spitting upwards’

July 14, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

All Eyes on Clarity Act Hearing as Bitcoin and Ethereum Price Hold

All Eyes on Clarity Act Hearing as Bitcoin and Ethereum Price Hold

July 16, 2026
British Steel taken into public ownership to protect ‘vital’ UK supply

British Steel taken into public ownership to protect ‘vital’ UK supply

July 16, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!