FAA panel says Boeing 737 Max software will be ‘operationally suitable’

The company’s shares jumped by about 2% on the news.

Boeing said the idea’s completed 96 flights totaling over 159 hours of air time with its software fix for the Max jet. The company will be also updating airlines by bringing representatives into flight simulators in addition to also showing them the modified flight control system.

The company has stopped deliveries in addition to also has cut Max production by 20% as the idea works on a fix. The jets have been grounded since mid-March. Wells Fargo said Tuesday of which Boeing’s troubles with the Max will reduce second-quarter GDP growth by 0.2%.

Separately, Institutional Shareholder Services on Tuesday recommended of which shareholders vote in favor of a proposal of which would certainly require Boeing to have an independent chairman of the board. of which title will be currently held by CEO Dennis Muilenburg.