last week revealed a top pilot had concerns about a system on the 737 Max that was later implicated in two fatal crashes.
Several Wall Street analysts downgraded Boeing, fretting about the fallout from the crisis that has barred the manufacturer from delivering its best-selling planes that make up around 40% of its profit. Boeing's stock was down more than 4% Monday morning, trading at a two-month low and shaving more than 100 points off theThe messages made public on Friday included an exchange from a top Boeing pilot to a colleague in 2016 that expressed his worries about an aggressive flight-control system on the Max, whose performance he called "egregious." The pilot, who now works for Southwest, said in the exchange that he "unknowingly" lied to regulators.
The FAA said Boeing knew about the messages for months and scolded Boeing in a letter for not releasing the documents earlier. Boeing defended its training materials for the 737 Max, which regulators deemed safe in 2017, and said it told regulators on "multiple occasions" about the broadened capabilities of the now-questioned system.
Boeing's board is holding a regularly scheduled meeting in San Antonio, Texas that concludes on Monday, a spokesman said. The board stripped CEOThe recent news is putting Muilenburg under even more pressure, however.
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