Boeing CEO: Software Update for Max 737s Soon

The transcript discusses Boeing CEO Dennis Muilenburg's efforts to address safety concerns following the Lion Air and Ethiopian Air crashes. It highlights the planned software update for the 737 Max and the importance of pilot training. The transcript also covers the ongoing investigation by the US Transportation Department and Justice Department into the FAA's oversight of Boeing, with allegations of excessive delegation of control. Airlines like Air Canada and WestJet have reacted by adjusting profit forecasts, but analysts expect the impact to be short-term. The transcript concludes with a focus on the exposure of various airlines to the 737 Max grounding.

What was Boeing CEO Dennis Muilenburg's main message regarding the 737 Max?

• The 737 Max will be replaced with a new model.

• The planes will be discontinued.

• A software update will be released soon.

• The planes are perfectly safe as they are.

What was the main concern raised by the Seattle Times regarding the FAA?

• The FAA had no involvement with Boeing.

• The FAA delegated too much control to Boeing.

• The FAA was unaware of any issues with the 737 Max.

• The FAA was too strict with Boeing.

Who questioned the FAA's ability to properly oversee Boeing?

• The current FAA chairman

• A representative from Air Canada

• A Boeing spokesperson

• Jim Hall, former NTSB chairman

Which airline was mentioned as having the most exposure to the 737 Max?

• China Southern

• American Airlines

• Southwest Airlines

• Air Canada

What is the expected duration of the impact on airline capacity due to the 737 Max grounding?

• Permanent

• Long-term

• Indefinite

• Short-term