Boeing CEO meets with lawmakers as 737 Max 9 scrutiny builds

From CNBC:

An Alaska Airlines 737 Max 9 had an emergency landing after a door plug blew out, exposing passengers to violent forces. The FAA has grounded the planes and is still reviewing data from early inspections. Boeing CEO Dave Calhoun met U.S. senators to address the issue, as scrutiny on the company’s leaders intensifies.

There is no predicted timeline for the approval of safety review instructions to allow the planes back into service. Senators are looking into addressing airline safety in the FAA reauthorization bill, stressing that aviation safety should be proactive, not reactive. It was reported that the fuselage panel that blew out was improperly reinstalled by Boeing’s mechanics, not the manufacturer. Spirits AeroSystems shares were boosted by that report.

Boeing has declined to comment on that report, stating that only the U.S. National Transportation Safety Board can release information about the investigation. Boeing’s stock has shed more than 10% since the incident, and Spirit AeroSystems shares were up 6% midday Wednesday, boosted by the report.



Read more: Boeing CEO meets with lawmakers as 737 Max 9 scrutiny builds