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Boeing shares rise on report 737 Max fix could come sooner than expected

https://www.cnbc.com/2019/03/15/boeing-shares-rise-on-report-that-company-will-roll-out-software-upgrade-for-737-max-in-10-days.html
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Mar 15, 2019 11:16 AM 1+ week ago

Reports: Boeing to issue software fix for 737 Max in 10 days 11:28 AM ET Fri, 15 March 2019 | 00:56

Shares of Boeing rebounded Friday after a report that the plane manufacturer plans to roll out a software upgrade for its 737 Max aircraft in 10 days.

The Federal Aviation Administration is expected to sign off on Boeing's planned changes to its anti-stall software on March 25, a person familiar with the matter told CNBC. Lawmakers have been informed of the timeline, the person said.

The approval of the software change does not necessarily mean that the FAA's order to ground the planes will be lifted, added the person.

French news agency Agence France-Presse, citing sources, earlier reported the time-frame for the fix. Boeing told CNBC the overall timeline has not changed.

The FAA on Wednesday followed dozens of other countries in grounding Boeing 737 Max planes, citing possible links between two fatal crashes in the past nine months. On Sunday, an Ethiopian Airlines Boeing 737 Max 8 crashed shortly after takeoff, ...

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