U.S. Aviation Looks Into Kobe Fallout

The transcript discusses an investigation involving the Federal Aviation Administration (FAA) and its Japanese counterpart into issues affecting US plane manufacturers like Boeing. The Department of Justice (DOJ) is also involved, potentially leading to criminal charges. The European Union has advised companies to find alternative suppliers, impacting Kobe Steel. Aviation officials are coordinating efforts and awaiting a safety report. The situation affects many customers and products, leading to uncertainty and potential changes in earnings guidance.

Which organization is collaborating with the Japanese Aviation Authority to investigate the issue?

• Department of Justice

• Federal Aviation Administration

• Boeing

• European Union

What action has the European Union advised companies to take regarding Kobe Steel?

• Ignore the issue

• Invest in Kobe Steel

• Find alternative suppliers

• Increase their orders

What is the current status of the advisories from US and European aviation officials?

• They have not provided specific details

• They have concluded the investigation

• They are waiting for a safety report

• They have issued detailed guidelines

What is the expected outcome of the safety report?

• It will confirm no issues

• It will be released next year

• It will clarify the extent of the problem

• It will increase company profits

How many customers are potentially affected by the issue?

• 1000

• 250

• 500

• 100