Boeing Company (BA)

[srains]

Data from the black box is already coming out. It was reported that the black box data shows similarities between the two crashes.

https://www.cbc.ca/news/world/ethiopia-plane-crash-funeral-1.5059971


Boeing may (probably will) catch a huge break if fault is found with the FAA. Which lets be clear, you cannot have Beoing at fault and not the FAA unless Boeing falsified or otherwise knowingly provided the FAA with bad information. I have little doubt that Boeing pushed the FAA to get the 737 max certified for flying but it is still the FAA's responsibility not Boeings.

If the FAA is found at fault, it could greatly limit punitive damages as well as any sanctions/restrictions that Boeing would otherwise face. Not only that, but it could give an out to get Boeing planes flying sooner. As a people, we like nothing better than to have someone to blame. Sure the FAA gets a black eye but it is very difficult to sue the federal government, especially the FAA. It would still be very costly for Boeing but not as bad as it could be.

We will see