FILE PHOTO: American Airlines Boeing 737 MAX jets sit parked at a facility in Tulsa, Oklahoma, U.S., May 10, 2019. American Airlines/Handout via REUTERS/File Photo ReutersBy Tracy RucinskiCHICAGO (Reuters) - The grounded Boeing Co 737 MAX is "highly likely" to be flying by mid-August, American Airlines Group Inc Chief Executive Doug Parker told shareholders on Wednesday. American Airlines has said the economic impact of the grounded MAX would be about $350 million between its worldwide grounding in mid-March and Aug. 19, when the airline had initially envisioned flying its 24 MAX jets again. Boeing has yet to formally submit its software fix to the U.S. Federal Aviation Administration, which said on Wednesday it does not have a specific timetable on when the 737 MAX would return to service. Still, Parker said he understood there was "an absolute fix" for the 737 MAX, while acknowledging there was no certain timetable and that rebuilding public confidence may take time.

Source: Ethiopian News June 12, 2019 15:13 UTC