By Jon Sindreu WSJ Mon., April 29, 2019 The 737 MAX airplane isn’t just important for Boeing, it also matters for airlines and even the U.S. economy. This puts the plane maker in a position of power, even as complaints mount about how the company handled safety issues. Whistleblower warnings about the jet continued to emerge over the weekend. It is becoming clear that the company was opaque with regulators and airlines in explanations of the plane’s safety features. Yet evidence of the plane’s importance to the U.S. economy may discourage authorities from punishing the company more than is strictly necessary. On Thursday, official data showed a drop in March aircraft shipments. Some economists see this detail of an otherwise encouraging durable goods report as the first sign that the grounding of Boeing’s 737 MAX jet is having a small—but visible—macroeconomic impact. The plane has been parked since March when a second deadly crash was linked to its stall-prevention system. Deliveries of the 737 MAX were then stopped and production subsequently cut by about 20%. Boeing is working on getting a fix approved by regulators, but several airlines have said they won’t operate it until at least August. Article Continued… Read full this story
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