Boeing analysts say best case is 6-week grounding, software fix

As Boeing rushes to address international concerns about the safety of its 737 Max jets, most Wall Street analysts are taking a wait-and-watch approach. The FAA Wednesday was the latest to ground the planes following the second deadly crash in recent months. They won’t fly again until Boeing updates flight-control software, a process the chairman of a House aviation subcommittee says could last for 6 weeks or more. Several airline operators around the world have already indicated that they’ll rethink their Boeing orders, raising questions about the company’s long-term outlook. “If a software solution can be mounted/FAA approved in short order, the financial impact to fiscal 2019 could be more muted,” a Seaport Global analyst said. “Ultimately, the outcome of the investigation remains fluid and dynamic.” <br/>