New software flaw could further delay return of Boeing’s 737 Max
Boeing cut corners to get the 737 Max on the market fast. A company long run by engineers for engineers is now a company run by corporate bureaucrats.The FAA didn’t comment directly on the latest issue to arise on the problem-plagued plane.
Boeing’s stock fell 2.4% on Friday. The company’s long-term issuer default rating was downgraded by Fitch to A-minus from A. The discovery has already pushed Boeing’s work back at least a week, said another person familiar with the matter who also wasn’t authorized to speak about it. It’s unclear how much longer it will take to complete fixes, the person said.
The problem came to light when the latest version of the software was loaded onto an actual aircraft, according to one of the people. While it has been tested on planes in flight, most of the software reviews have occurred in a special simulator used by engineers on the ground.
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