Boeing Really Needs 737 Max Approval

Credit: Wochit
Published on May 13, 2019 - Duration: 01:02s

Boeing Really Needs 737 Max Approval

Boeing's future rides on the success of the 737 Max.

But all of those planes remain grounded, waiting for the world's aviation regulators to approve a software fix that will make them safer to fly.

Aviation experts doubt global regulators will act in concert to approve the 737 Max for flight.

Serious questions remain about how and why the FAA approved the 737 Max for flight and whether it rushed the certification process.

The 737 Max is by far Boeing's bestselling plane, with orders for 5,000 of the workhorse single aisle jet on its books.

Boeing's profit fell 21% last quarter because it halted 737 Max orders during grounding.

The company has also had to reimburse airlines that have to use alternate planes.

Boeing has already spent at least $1 billion on a software fix it hopes can get the planes back in the air.

The stakes could not be higher for the company, America's largest exporter.

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