Boeing management is not 'pro-active' enough in 737 Max response, Argus says in downgrade

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Boeing management is not 'pro-active' enough in 737 Max response, Argus says in downgrade
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Argus Research downgraded Boeing to hold from buy on Tuesday, calling out the poor response from management after the second deadly crash of a 737 Max plane.

Argus Research downgraded Boeing to hold from buy on Tuesday, calling out the poor response from Boeing's management after the second deadly crash of a 737 Max plane.

Ethiopian Airlines Flight 302, a Boeing 737 Max 8, went down shortly after takeoff from Addis Ababa on March 10, killing all 157 people on board. Aviation authorities around the world grounded Boeing 737 Max planes last week after the crash. That statement came after French and Ethiopian investigators said data extracted from the black boxes of the Ethiopian Airlines jet showed"clear similarities" with a deadly Lion Air flight that plunged into the Java Sea in October.

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