Sunday, May 5, 2019

Boeing Story In WSJ Monday -- May 5, 2019

Yesterday I provided a "timeline" of sorts regarding Boeing's 737 Max 8 issue. We can now add another significant "dot" to that timeline. This will be in Monday's edition of The Wall Street Journal:
Boeing knew about safety-alert problem for a year before telling the FAA or the airlines that had acquired the 737 MAX 8.
The problem kept a safety feature found on earlier models from functioing on the 737 MAX.
It was only after a second MAX accident in Ethiopia nearly five months later, these officials said, that Boeing became more forthcoming with airlines about the problem. And the company didn’t publicly disclose the software error behind the problem for another six weeks, in the interim leaving the flying public and, according to a Federal Aviation Administration spokesman, the agency’s acting chief unaware.
The length of time between when Boeing realized the problem and when it shared that information hasn’t been previously reported. The problem kept a safety feature found on earlier models from functioning on the MAX, though it isn’t clear if the feature would have prevented either crash.
Futures are already way down for unrelated reasons. If the market opens as suggested by futures right now and then with this new Boeing story, I can only imagine the Boeing sell-off. (Wow, grammatically that's a bad sentence but you know what I mean.)

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