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FAA Examines Software Glitch in Boeing's Best-Selling Jets
The US Federal Aviation Administration (FAA) is investigating a software glitch in Boeing Co.'s best-selling 737 Max family of jets, which could disrupt aircraft deliveries and impact the company's bottom line.
The FAA plans to convene a corrective action review board consisting of a panel of experts to evaluate whether the software problem poses a safety of flight issue, meaning it could endanger the aircraft or the people on board.
The investigation is ongoing, but if the FAA determines that the glitch does pose a safety risk, Boeing may face significant financial consequences, including delayed deliveries and potential losses in revenue.