Boeing kept quiet about 737 Max safety-alert problem for about a year

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Boeing Co. didn’t share information about a problem with a cockpit safety alert for about a year before the issue drew attention with the October crash of a 737 Max jet in Indonesia, and then gave some airlines and pilots partial and inconsistent explanations, according to industry and government officials.

 

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This is how the system operates: lets say that a faulty design will cost $1 billion to fix. But the manufacturer knows that it might cause 1 or 2 crashes and the liability payout will be about $500 million. Well, they take the calculated risk and no fix.

Penny wise Pound foolish Is how big business operates Until that philosophy turns around and bites them in the butt

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