Boeing 737 Max 10 certification gets boost as FAA says 'software glitch not a safety issue'
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Boeing’s 737 Max 10 certification got a boost after the FAA said a software glitch is "not a safety concern." The board made this decision on Friday.
- ✓Following the news, Boeing shares rose 1.6% to $195.40.
- ✓The company said, "We will continue to follow the lead of the FAA."
Story at a Glance
- Category
- BUSINESS
- Reported By
- mint
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Boeing's 737 Max 10 certification gets a boost after a Federal Aviation Administration (FAA) panel determined that a software glitch affecting certain 737 Max flight computers does not pose a safety risk.
The FAA's Corrective Action Review Board made the determination on Friday after examining the issue, which could occur when pilots abort a landing attempt.
Following the report, Boeing shares rose 1.6% to $195.40 as of 2:47 p.m. New York time.
The FAA said in its statement that the glitch is "not a safety concern" because pilots retain full control of the aircraft and the information displayed to the flight crew is clear and unambiguous.
The issue can arise during a go-around, when a pilot decides to abandon a landing and climb again. In such a situation, the autopilot shifts to a simpler level of automation for pitch control. However, it significantly increases the workload for pilots compared with the aircraft's standard mode.
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