this post was submitted on 04 Apr 2024
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While I'm broadly in agreement with you (and am certainly not in favour of banning flying), I think recent events have shown us pretty clearly: they are not nearly as well-regulated as the industry likes to claim, especially with the large commercial aeroplanes.
Still better regulated than cars and driving.
I think the problem is that some of the corporations have decided that it's acceptable to increase the margins of error in the name of profit.
If they make more money than they lose due to lawsuits and lost customers, it's a win in the eyes of capitalism!
The FAA and industry response to Boeing's neglegence has been swift and complete. I don't think these recent events detracts from what I said.
Boeing has been having issues going back a lot further, since at least the 787 Dreamliner. It's just gotten a lot worse with the 737 Max.
The problem is that the FAA allows them to use "Designated Inspectors" to ensure their compliance, which are Boeing employees, not independent FAA staff. And the FAA is still allowing them to fly despite there still being serious known flaws (being unable to run the anti-ice system for more than 5 minutes without potentially damaging the engine).
It's also probably why their only real competitor, not being based in business-friendly safety-regulation-hating America, hasn't had similar problems.
In a properly regulated market, the FAA never would have allowed 737 Maxes to be certified for use, or it at least would have grounded them once issues became clear. Instead, they treat Boeing as "too big to fail" and don't want to upset the travel market in the way that grounding large numbers of planes because of a safety concern.