tyb
love the title
U.S. lawmakers say Boeing 737 MAX 8 grounded for at least 'weeks'
WASHINGTON (Reuters) - U.S. lawmakers said after a briefing with the acting head of the Federal Aviation Administration on Thursday that Boeing 737 MAX 8 and 9 planes will remain grounded for "weeks" at a minimum, until a software upgrade could be tested and installed in all of the planes.
FAA Administrator Dan Elwell told reporters on Wednesday the software update will be ready within a couple of months after regulators around the world grounded the plane following a second fatal crash in the 737 MAX 8 since October.
The FAA said Monday it planned to require the upgrade it termed "design changes" by April. An FAA spokesman confirmed Thursday that the FAA will not unground the airplanes until the software patch is approved and installed.
The software patch may not be enough to allow the planes to be ungrounded depending on the findings from the ongoing investigation into the crash of Ethiopian Airlines 302 that killed 157 people on Sunday.
Boeing declined to comment, but said Monday it would roll out the software improvement "across the 737 MAX fleet in the coming weeks."
Representative Rick Larsen said after the briefing the software upgrade would take a few weeks to complete and installing on all aircraft would take "at least through April." He said additional training would also have to take place.
https://www.marketscreener.com/AMERICAN-AIRLINES-GROUP-15171667/news/U-S-lawmakers-say-Boeing-737-MAX-8-grounded-for-at-least-weeks-28164682/?countview=0
ty
Boeing closed on essentially the low's of the day on heavy volume.
You know the story with the overall mkts and they are icluded at the top of the Boeing chart.
Same low-volume sideways action
Boeing (BA)
Volume 13,077,590
Avg. Volume 5,840,528
https://finance.yahoo.com/quote/BA?p=BA&.tsrc=fin-srch