Boeing 737 MAX airplanes are parked on the tarmac at the Boeing factory in Renton, Wash., in March. (Lindsey Wasson/Reuters)In the weeks since Boeing 737 Max jets were grounded worldwide following a pair of catastrophic crashes that killed 346 people, the company has focused its energy on returning the embattled new jet to service. [Read continuing coverage of the Boeing 737 Max crisis]Barclays downgraded its rating for Boeing stock on the basis that “a large portion of fliers are likely to avoid 737 Max for an extended period beyond when the grounding is lifted,” Barclays analysts wrote in a note to investors. Boeing executives’ public statements have become increasingly apologetic as evidence has mounted that an automatic anti-stalling feature added into the Max jets played a role in both crashes. “We at Boeing are sorry for the lives lost in the recent 737 MAX accidents,” Boeing CEO Dennis Muilenburg wrote in early April.

Source: Washington Post May 07, 2019 23:03 UTC