What the Ethiopia Crash Report Means for Boeing

The transcript discusses the Lion Air crash and the role of the MCAS system in the incident. It highlights Boeing's efforts to address the issue through software fixes and training. The text also covers the involvement of international agencies in verifying the safety of the fixes. Additionally, it touches on the economic impact of grounded 737 Max planes and the financial implications for Boeing.

What was the primary issue identified in the Lion Air crash?

• Engine failure

• MCAS system malfunction

• Pilot error

• Weather conditions

Which agencies are involved in verifying the MCAS fix?

• European Union Aviation Safety Agency

• Transport Canada and FAA

• Only the FAA

• Boeing alone

What is the expected duration for the extensive testing of the MCAS fix?

• Several weeks

• Several months

• A few days

• A year

What is the main financial concern related to the grounding of the 737 Max fleet?

• Loss of pilot jobs

• Cost of software development

• Expense of grounded planes

• Increased fuel prices

How does Boeing plan to manage the financial impact of the crisis?

• By cutting employee salaries

• By increasing ticket prices

• Through insurance and reinsurance

• By selling more aircraft