Boeing's fix for 737 Max may take three to six months, Bank of America predicts

[tacobell fan]

The software fix that Boeing said it is working on could take as long as six months, according to Bank of America.

Boeing earlier this week said a software change is in the works as well as updates to pilot manuals and training and the Federal Aviation Administration said it would mandate those changes by April.

 

“Once Boeing identifies the issue on the 737 MAX, the most likely scenario, in our view, is that the company will take about 3-6 months to come up with a fix and certify the fix,” the bank’s analyst Ronald Epstein said in a note on Thursday.

The FAA on Wednesday grounded all Boeing 737 Max jets in the U.S., citing links between two fatal crashes. The turnaround came after dozens of countries around the world grounded the planes, tanking the stock nearly 11 percent this week, on pace to post its biggest weekly decline since 2008.