2 Top Airlines Just Postponed the Boeing 737 MAX's Return (Again)
A little more than a month after the mid-March grounding of the Boeing (NYSE: BA) 737 MAX, American Airlines (NASDAQ: AAL) removed the troubled model from its flight schedule through Aug. 19. At the time, American Airlines' top two executives insisted that the move was being made out of an abundance of caution. CEO Doug Parker and President Robert Isom stated that they expected the 737 MAX to be recertified before August and that the airline would use its 24 737 MAX 8s as spares over the summer.
Unfortunately, Boeing has encountered numerous obstacles while trying to get the 737 MAX back in the air. As a result, customers like American Airlines and Southwest Airlines (NYSE: LUV) have had to repeatedly push back the 737 MAX's scheduled return to service. Following Boeing's latest setback, these carriers recently extended their 737 MAX cancellations to March 2020.
It didn't take long following the 737 MAX grounding for Boeing to design a software update to address the faulty MCAS system that was involved in both fatal 737 MAX crashes. However, while testing that software fix in an extreme scenario, test pilots uncovered a new vulnerability that required additional software changes.
Source Fool.com
