A review by a U.S. Federal Aviation Administration panel into Boeing Co's g...
- A review by a U.S. Federal Aviation Administration panel into Boeing Co’s grounded 737 MAX aircraft found a planned software update and training revisions to be “operationally suitable,” the agency said Tuesday, an important milestone in getting the planes back in the air.
Boeing has been announced a planned software update on the 737 MAX to prevent erroneous data from triggering an anti-stall system known as MCAS that is under scrutiny following the two disastrous nose-down crashes. Despite the stock rebound, investors were advised on Tuesday by the proxy firms Institutional Shareholder Services and Glass Lewis to press the company to vote for a shareholder proposal to split the role of chairman and chief executive.
Glass Lewis also recommended investors vote to remove from the board the head of Boeing’s audit committee, Lawrence Kellner. Kellner is the former chair and chief executive of Continental Airlines.
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