Joshua Roberts | Los Angeles Airlines Boeing 737 MAX 8 arrives at Reagan Airport shortly after the FAA announces that the aircraft were grounded by the United States in Washington on March 13, 2019.
Boeing's shares marked – High Friday after a report that the aircraft manufacturer plans to release a software upgrade for its 737 MAX planes in the coming weeks. The report by Agence France-Presse, citing sources, comes after the United States has grounded all of the Boeing 737 Max aircraft this week, and is expected software upgrades to take place after 10 days, AFP reports, from dozens of other countries citing the links between two fatalities as a ground for canceling these flights, Boeing shares accounted for more than 11% this week after the end of the year
Shares rose 1.3% on Friday afternoon after the report, and they were limited as the company told CNBC that the joint venture
A weekly transition would have happened much sooner than some people have appreciated on Wall Street. "Bank of America predicts this week that it will take the aircraft manufacturer three to six months to get it
Ethiopian Airlines flight 302 crashed on Sunday, less than five months after the plane crash of Lion Air Boeing 737 Max 8 from Jakarta, Indonesia, killing all 189 people aboard. Both aircraft were new, delivered by Boeing just a few months before these flights
Of the more than 350 Boeing 737 Max planes in the world fleets, 74 were transported by American Airlines, American Airlines and Southwest Airlines, according to the FAA.
– This story is evolving. Please check again for updates.
and Meghan Reeder contributed to the report.