Boeing 737 Max glitch poses no safety concern, FAA says
The outcome is a positive one for the U.S. planemaker as it seeks regulatory approval for the largest variant of the popular narrowbody family.
A recent software glitch in Boeing's 737 Max aircraft was ruled by the Federal Aviation Administration (FAA) to not pose any safety concerns, according to a panel review. This is positive news for the U.S. aerospace manufacturer, which is striving for regulatory approval of the largest version of its popular narrowbody aircraft family.
The FAA's Corrective Action Review Board came to this conclusion based on the pilots' ability to maintain full control of the plane and the clear, unambiguous indications provided to the flight crew, the agency stated in a press release. The FAA said it would evaluate any additional actions that may be necessary. In response to the news, Boeing's shares experienced a slight increase, rising 0.7% from a gain of up to 2.4% in intraday trading on Friday.
However, the stock has declined by 11% this year, lagging behind the 13% gain seen in the S&P 500 Index. With the current subscription plan, readers are allowed to comment on stories; nonetheless, they must first create a display name in the Profile section of their subscriber account page.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
