The planes won’t fly again until Boeing updates flight-control software, the FAA said. Image Credit: ReutersAs Boeing rushes to address international concerns about the safety of its 737 Max jets, most Wall Street analysts are taking a wait-and-watch approach. Herbert said the best-case scenario for Boeing would be a grounding of six to eight weeks, and estimated the cost of the software fix to be around $500 million. Boeing shares, which were up 37 per cent this year until the March 10 crash, have dropped nearly 15 per cent this week. However, barring any major structural issue found with the aircraft after investigation, Boeing suppliers are not expected see a significant impact.

Source: Ethiopian News March 22, 2019 15:45 UTC