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The Boeing 737 scandal has already cost the company $ 8 billion

North America / Engineering

Boeing shares fell 6.8% on Friday, the largest drop since February 2016.

The Boeing 737 scandal has already cost the company $ 8 billion

On Friday, information was released that Boeing could withhold data on the malfunctions of its 737th model. These messages plunged the world's largest aircraft manufacturer into another crisis.

In a 2016 transcript of instant messages between two employees, then-Chief Technical Pilot Mark Forkner said the so-called Maneuvering Correction System (MCAS) in the Boeing 737 was "spinning out of control" during a test flight. It was this system that led to accidents in Indonesia and Ethiopia, which killed 346 people.

The US Federal Aviation Administration (FAA) demanded that Boeing immediately explain why the company had just passed on to the FAA the information contained in the test pilot’s personal correspondence, which indicated problems with this model back in 2016.

Boeing's press office said Friday that the head of the company called FAA Administrator Steve Dixon to answer the questions raised in his letter and reassured him that he was "doing everything possible to safely return the MAX 737 to service." /p>

He stated that he had forwarded the document containing the statements of the former Boeing employee to the appropriate investigative agency and brought it to the attention of the Department of Transportation on Thursday.

Boeing is working with the House of Representatives Committee on Transportation and Infrastructure to investigate the 737 MAX and will continue to do so, the company said.

Boeing also said the 737 MAX scandal has already cost it at least $ 8 billion.

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