"As part of this effort, we're making progress on the 737 MAX software update that will prevent accidents like these from ever happening again", the CEO said in his statement.
The filing at a Chicago federal court alleges that the aerospace company defrauded investors over the safety features of Boeing's 737 Max aircraft which was involved in two fatal crashes: one in Ethiopia last month and another in Indonesia a year ago.
It follows an earlier disaster in October when a 737 Max 8 flown by Indonesian airline Lion Air crashed, claiming the lives of 189 people. Boeing hasn't disclosed any lost orders, although Garuda Indonesia has said it will cancel an order for 49 Max jets. The lawsuit seeks damages for Boeing stock investors from January 8 to March 21.
Ethiopia, Indonesia and at least five other major regulators are expected to join the U.S. Federal Aviation Administration's (FAA) review panel on the Boeing 737 MAX, officials said on Tuesday.
Orders and deliveries of Boeing's 737 Max plunged in the first quarter as the plane was grounded around the world following a second deadly crash.
Over 30 Jet Airways flights from Bengaluru, several from Chennai, Hyderabad cancelled
Jet Airways' last remaining long-haul flights, to London, Paris and Amsterdam, were cancelled on Thursday evening. Note that a foreign carrier can neither hold over 49 per cent in a domestic airline, nor effectively control it.
Duke 'Looking Into' Michael Avenatti's Claim Nike Paid Zion Williamson's Mother
On March 26, Avenatti also tweeted about allegations concerning Nike making payments to get recruits to attend its schools. On college basketball's biggest weekend, California lawyer Michael Avenatti resumed his allegations against Nike .
Oppo Reno is official with 10x hybrid zoom and pop-up front camera
The pricing will start at 2,999 yuan (around $625) for the standard and 3,999 yuan (around $830) for the 10x Zoom edition. The display on the Pro version is a decent 6.6 inch display with, as already known, 93.1 screen to body ratio.
The Boeing Company said it delivered 149 commercial planes and 60 aircraft in its defence operations in the first quarter of 2019.
So far, most of Wall Street and Boeing's airline customers have publicly stood behind the company during its crisis. Boeing also halted deliveries and announced last week that it was scaling back production of the 737 Max. A total of 346 passengers and crew died in the crashes. It has been actively communicating with Boeing concerning the issue, a senior manager said, and before any future moves are made, it must be determined whether the aircraft has a serious design flaw. Boeing has a backlog of about 4,600 orders for the plane. That's because Boeing spent most of 2017 ramping up production of the Max.
Also on Tuedsday, American Airlines trimmed its first-quarter forecast for unit revenue as it cancelled hundreds of flights during the period, mainly due to the groundings of its 24 Max planes, according to Reuters.
Over the weekend, American removed the plane from its schedule for an additional six weeks, through June 5.
Shares ended down 1.5 percent at $369.04.