For most of the history of powered flight, the United States has been a world leader in aviation.
This nation’s aviation regulatory body, the Federal Aviation Administration (FAA), has long been the gold standard of safety regulation in global aviation, often a template for other nations to follow in technical and safety matters.
Boeing BA, +1.32% has long been the world’s preeminent airplane maker.
But now, our credibility as leaders in aviation is being damaged. Boeing and the FAA have been found wanting in this ugly saga that began years ago but has come home to roost with two terrible fatal crashes, with no survivors, in less than five months, on a new airplane type, the Boeing 737 Max 8, something that is unprecedented in modern aviation history.