Wall Street analysts have been slow to cut estimates and downgrade Boeing shares in the aftermath of the Ethiopian Air crash that killed all 157 people on board.
Boeing says it is making training and software adjustments to the 737 MAX’s Maneuvering Characteristics Augmentation System, or MCAS, which is designed to make the aircraft safer. Both the Ethiopian and earlier Lion Air 737 MAX crashes have been linked to the MCAS. Looking ahead. Boeing will likely have to get the 737 MAX jets flying again before its stock can fly again. But Arment is hopeful a fix is around the corner. “We expect the approved software-based solution for the MCAS system to be completed within days,” he wrote. That would be good news for shareholders and a sign that regulators have confidence Boeing is addressing the root cause of the 737 MAX issues.