Ticker: FAA seeks $3.1M in fines from Boeing over safety violations

The Federal Aviation Administration is seeking million in fines from Boeing over safety violations including an episode in January last year where an Alaska Airlines jetliner lost a door plug panel on its fuselage in midflight No one was seriously injured and the plane landed safely The agency revealed Friday that the proposed penalty covers violations from September through February The FAA disclosed it identified hundreds of quality system violations at Boeing s factory and a subcontractor s facility Among other violations the regulator also discovered that a Boeing employee pressured a member of Boeing s ODA unit which is tasked with performing certain inspections and certifications on the FAA s behalf to sign off on a Max airplane so that Boeing could meet its delivery schedule Boeing has days to respond to the FAA Late Italian fashion designer Giorgio Armani instructs heirs to sell stakes in his empire The late Italian designer Giorgio Armani instructed his heirs to sell an initial stake in his fashion empire In his will he prioritized French conglomerate LVMH eyewear giant Essilor-Luxottica or cosmetics company L Oreal Armani gave control to his collaborator Leo Dell Orco and each to his niece and nephew The Armani Foundation will control the remaining Armani died on Sept at the age of His business will rewritten last spring specifies selling the stake within months Armani s final collections will be presented at Milan Fashion Week starting Sept marking the th anniversary of his fashion house