Boeing's shares disappeared on Friday after the Federal Aviation Administration said Boeing had withheld months of communications between 2016 employees regarding the certification of the 737 Max by the regulator. The plane has been grounded since mid-March after two fatal crashes.
"The FAA is also disappointed that Boeing did not bring this document to our attention immediately after it was discovered," the agency said, adding that it "reviews this information to determine what action is appropriate."
in both crashes ̵
A Boeing pilot test complained in a 2016 message that a system known as MCAS was difficult to control, the New York Times reported. Pilots of airlines, including American ones, complained after the crash that they did not know about the system known as MCAS until after the first crash.
The FAA forwarded instant messages to US lawmakers and the Inspector General of Transportation, it said. The FAA says Boeing discovered the messages "a few months ago," and the Flight Agency finds the document "for." The FAA first certified aircraft in 2017
"Over the last few months, Boeing has been volunteering with the House Committee on Transportation and Infrastructure 737 MAX. As part of this cooperation, we have brought to the attention of the Committee today. A document containing statements by a former Boeing employee, said a statement from Boeing.
Boeing shares fell more than 4% in the midday trading, shaving 107 points off the Dow Jones Industrial Average.
The announcement comes amid mounting pressure on Boeing and CEO Dennis Muilenburg. The company and the FAA are facing several investigations into the design and software of the aircraft.
The company board removed Muenburg as chairman last week, saying that splitting the two roles would help him focus on returning the aircraft to service. Muilenburg will face lawmakers for the first time since the crash at a hearing on a home transportation commission scheduled for October 30.
Boeing developed a software fix for software that crashed, but regulators have yet to back down.