Boeing boasted about streamlined approval for the 737 Max. Now it’s cleaning up the mess – CNN

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This comes as lawmakers hold hearings with government officials on why the plane maker is seemingly allowed to regulate itself. CNN’s \u003ca href=\”http://www.cnn.com/profiles/drew-griffin-profile\” target=\”_blank\”>Drew Griffin\u003c/a> reports on the latest developments.”,”descriptionText”:”After two crashes, Boeing is touting the safety of its planes after it unveiled an overhaul to its software system. This comes as lawmakers hold hearings with government officials on why the plane maker is seemingly allowed to regulate itself. CNN’s \u003ca href=\”http://www.cnn.com/profiles/drew-griffin-profile\” target=\”_blank\”>Drew Griffin\u003c/a> reports on the latest developments.”},{“title”:”Boeing’s reputation on the line after 737 Max 8 crashes”,”duration”:”02:24″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/27/boeing-reputation-quest-pkg-vpx.cnn/index.xml”,”videoId”:”business/2019/03/27/boeing-reputation-quest-pkg-vpx.cnn”,”videoImage”:”http://www.noticiasdodia.onlinenewsbusiness.com/wp-content/uploads/2019/04/190326122250-boeing-airshow-china-file-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/27/boeing-reputation-quest-pkg-vpx.cnn/video/playlists/business-aviation/”,”description”:”Boeing, a company whose reputation for safety was enviable, is under intense scrutiny after the grounding of the company’s 737 Max 8 plane. CNN’s Richard Quest reports.”,”descriptionText”:”Boeing, a company whose reputation for safety was enviable, is under intense scrutiny after the grounding of the company’s 737 Max 8 plane. CNN’s Richard Quest reports.”},{“title”:”Boeing 737 Max aircraft makes emergency landing”,”duration”:”02:03″,”sourceName”:”CNN”,”sourceLink”:”http://www.cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/us/2019/03/26/boeing-737-max-emergency-landing-florida-vpx.cnn/index.xml”,”videoId”:”us/2019/03/26/boeing-737-max-emergency-landing-florida-vpx.cnn”,”videoImage”:”http://www.noticiasdodia.onlinenewsbusiness.com/wp-content/uploads/2019/04/190326164957-boeing-737-max-emergency-landing-florida-vpx-00002506-large-169.jpg”,”videoUrl”:”/videos/us/2019/03/26/boeing-737-max-emergency-landing-florida-vpx.cnn/video/playlists/business-aviation/”,”description”:”The FAA says a Boeing 737 Max 8 airplane had to make an emergency landing as it was on its way to temporary storage. CNN’s \u003ca href=\”http://www.cnn.com/profiles/tom-foreman-profile\” target=\”_blank\”>Tom Foreman\u003c/a> has the latest.”,”descriptionText”:”The FAA says a Boeing 737 Max 8 airplane had to make an emergency landing as it was on its way to temporary storage. CNN’s \u003ca href=\”http://www.cnn.com/profiles/tom-foreman-profile\” target=\”_blank\”>Tom Foreman\u003c/a> has the latest.”},{“title”:”Source: Pilots trained on Boeing 737 Max in 2.5-hour course”,”duration”:”02:59″,”sourceName”:”CNN”,”sourceLink”:”http://www.cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/us/2019/03/23/pilot-training-boeing-737-max-griffin-pkg-vpx.cnn/index.xml”,”videoId”:”us/2019/03/23/pilot-training-boeing-737-max-griffin-pkg-vpx.cnn”,”videoImage”:”http://www.noticiasdodia.onlinenewsbusiness.com/wp-content/uploads/2019/04/190321174911-boeing-investigation-large-169.jpg”,”videoUrl”:”/videos/us/2019/03/23/pilot-training-boeing-737-max-griffin-pkg-vpx.cnn/video/playlists/business-aviation/”,”description”:”CNN’s Drew Griffin reports on Boeing and its troubled 737 Max, which is the type of plane at the center of two deadly crashes.”,”descriptionText”:”CNN’s Drew Griffin reports on Boeing and its troubled 737 Max, which is the type of plane at the center of two deadly crashes.”},{“title”:”What is an aircraft’s angle of attack?”,”duration”:”01:08″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/20/angle-of-attack-boeing-737-max-ek-lon-orig.cnn/index.xml”,”videoId”:”business/2019/03/20/angle-of-attack-boeing-737-max-ek-lon-orig.cnn”,”videoImage”:”http://www.noticiasdodia.onlinenewsbusiness.com/wp-content/uploads/2019/04/190314143940-02-boeing-737-max-8-0313-restricted-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/20/angle-of-attack-boeing-737-max-ek-lon-orig.cnn/video/playlists/business-aviation/”,”description”:”A plane’s angle of attack is critical to safe flight. CNN’s Oren Liebermann explains why it may be important to the recent Ethiopian Airlines crash. “,”descriptionText”:”A plane’s angle of attack is critical to safe flight. CNN’s Oren Liebermann explains why it may be important to the recent Ethiopian Airlines crash. “},{“title”:”Report: Off-duty pilot saved Lion Air flight day before crash”,”duration”:”01:54″,”sourceName”:”CNN”,”sourceLink”:”http://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/20/off-duty-pilot-saved-lion-air-flight-day-before-crash-quest-newday-vpx.cnn/index.xml”,”videoId”:”business/2019/03/20/off-duty-pilot-saved-lion-air-flight-day-before-crash-quest-newday-vpx.cnn”,”videoImage”:”http://www.noticiasdodia.onlinenewsbusiness.com/wp-content/uploads/2019/04/190315102136-boeing-grounded-03152019-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/20/off-duty-pilot-saved-lion-air-flight-day-before-crash-quest-newday-vpx.cnn/video/playlists/business-aviation/”,”description”:”An off-duty pilot in the cockpit of a Lion Air flight jumped in to help the crew stabilize the Boeing 737 MAX 8 plane as it experienced difficulties in October, according to Bloomberg.”,”descriptionText”:”An off-duty pilot in the cockpit of a Lion Air flight jumped in to help the crew stabilize the Boeing 737 MAX 8 plane as it experienced difficulties in October, according to Bloomberg.”},{“title”:”FAA’s inspection program under scrutiny”,”duration”:”03:40″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/15/faa-boeing-outsource-aircraft-safety-inspections-approval-griffin-pkg-vpx.cnn/index.xml”,”videoId”:”business/2019/03/15/faa-boeing-outsource-aircraft-safety-inspections-approval-griffin-pkg-vpx.cnn”,”videoImage”:”http://www.noticiasdodia.onlinenewsbusiness.com/wp-content/uploads/2019/04/190315102136-boeing-grounded-03152019-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/15/faa-boeing-outsource-aircraft-safety-inspections-approval-griffin-pkg-vpx.cnn/video/playlists/business-aviation/”,”description”:”The FAA is under renewed scrutiny for a program that allows manufacturers such as Boeing to help certify the safety of their own aircraft. CNN’s \u003ca href=\”http://www.cnn.com/profiles/drew-griffin-profile\” target=\”_blank\”>Drew Griffin\u003c/a> reports.”,”descriptionText”:”The FAA is under renewed scrutiny for a program that allows manufacturers such as Boeing to help certify the safety of their own aircraft. CNN’s \u003ca href=\”http://www.cnn.com/profiles/drew-griffin-profile\” target=\”_blank\”>Drew Griffin\u003c/a> reports.”},{“title”:”Ethiopian Airlines CEO: Pilot reported flight control problems”,”duration”:”06:07″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/12/ethiopian-airlines-ceo-flight-control-problems.cnn-business/index.xml”,”videoId”:”business/2019/03/12/ethiopian-airlines-ceo-flight-control-problems.cnn-business”,”videoImage”:”http://www.noticiasdodia.onlinenewsbusiness.com/wp-content/uploads/2019/04/190312112144-tewolde-gebremariam-ethiopian-airlines-ceo-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/12/ethiopian-airlines-ceo-flight-control-problems.cnn-business/video/playlists/business-aviation/”,”description”:”Ethiopian Airlines grounded four Boeing 737 Max aircraft and CEO Tewolde GebreMariam says the pilots \”were well briefed on the air-worthiness directive.\””,”descriptionText”:”Ethiopian Airlines grounded four Boeing 737 Max aircraft and CEO Tewolde GebreMariam says the pilots \”were well briefed on the air-worthiness directive.\””},{“title”:”Two crashes, 6 months: What to know about the Boeing 737 MAX”,”duration”:”01:54″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/11/boeing-737-max-ethiopia-lion-air.cnn-business/index.xml”,”videoId”:”business/2019/03/11/boeing-737-max-ethiopia-lion-air.cnn-business”,”videoImage”:”http://www.noticiasdodia.onlinenewsbusiness.com/wp-content/uploads/2019/04/190310071917-boeing-737-800max-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/11/boeing-737-max-ethiopia-lion-air.cnn-business/video/playlists/business-aviation/”,”description”:”Boeing says the 737 MAX is its fastest-selling model ever. 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From tweet: "20 min to board, @wowairsupport cancels the flight. But then sends an email that it's just delayed until 9pm. Oh but the crew left because it was cancelled. Updates coming from the guy in the middle of this crowd."From tweet: "20 min to board, @wowairsupport cancels the flight. But then sends an email that it's just delayed until 9pm. Oh but the crew left because it was cancelled. Updates coming from the guy in the middle of this crowd."
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A Boeing 777X model is displayed at the Airshow China 2018 in Zhuhai in southern China's Guangdong province on November 7, 2018. (Photo by WANG Zhao / AFP) (Photo credit should read WANG ZHAO/AFP/Getty Images)A Boeing 777X model is displayed at the Airshow China 2018 in Zhuhai in southern China's Guangdong province on November 7, 2018. (Photo by WANG Zhao / AFP) (Photo credit should read WANG ZHAO/AFP/Getty Images)
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RENTON, WA - MARCH 11: The Boeing 737-8 is pictured on a mural on the side of the Boeing Renton Factory on March 11, 2019 in Renton, Washington. Two of the aerospace company's newest model airliners have crashed in less than six months. (Photo by Stephen Brashear/Getty Images)RENTON, WA - MARCH 11: The Boeing 737-8 is pictured on a mural on the side of the Boeing Renton Factory on March 11, 2019 in Renton, Washington. Two of the aerospace company's newest model airliners have crashed in less than six months. (Photo by Stephen Brashear/Getty Images)
(190313) -- WASHINGTON, March 13, 2019 (Xinhua) -- An American Airlines Boeing 737 Max 8 aircraft from Los Angeles approaches to land at Washington Reagan National Airport in Washington D.C., the United States on March 13, 2019. The United States is grounding all Boeing 737 Max 8 and 9 aircraft, said U.S. President Donald Trump Wednesday, as the country becomes the last major country to do so after two crashes by the model in recent months. (Xinhua/Ting Shen) (190313) -- WASHINGTON, March 13, 2019 (Xinhua) -- An American Airlines Boeing 737 Max 8 aircraft from Los Angeles approaches to land at Washington Reagan National Airport in Washington D.C., the United States on March 13, 2019. The United States is grounding all Boeing 737 Max 8 and 9 aircraft, said U.S. President Donald Trump Wednesday, as the country becomes the last major country to do so after two crashes by the model in recent months. (Xinhua/Ting Shen)
A grounded Lion Air Boeing Co. 737 Max 8 aircraft sits on the tarmac at terminal 1 of Soekarno-Hatta International Airport in Cenkareng, Indonesia, on Tuesday, March 15, 2019. Sundays loss of an Ethiopian Airlines Boeing 737, in which 157 people died, bore similarities to the Oct. 29 crash of another Boeing 737 Max plane, operated by Indonesias Lion Air, stoking concern that a feature meant to make the upgraded Max safer than earlier planes has actually made it harder to fly. Photographer: Dimas Ardian/Bloomberg via Getty ImagesA grounded Lion Air Boeing Co. 737 Max 8 aircraft sits on the tarmac at terminal 1 of Soekarno-Hatta International Airport in Cenkareng, Indonesia, on Tuesday, March 15, 2019. Sundays loss of an Ethiopian Airlines Boeing 737, in which 157 people died, bore similarities to the Oct. 29 crash of another Boeing 737 Max plane, operated by Indonesias Lion Air, stoking concern that a feature meant to make the upgraded Max safer than earlier planes has actually made it harder to fly. Photographer: Dimas Ardian/Bloomberg via Getty Images
A grounded Lion Air Boeing Co. 737 Max 8 aircraft sits on the tarmac at terminal 1 of Soekarno-Hatta International Airport in Cenkareng, Indonesia, on Tuesday, March 15, 2019. Sundays loss of an Ethiopian Airlines Boeing 737, in which 157 people died, bore similarities to the Oct. 29 crash of another Boeing 737 Max plane, operated by Indonesias Lion Air, stoking concern that a feature meant to make the upgraded Max safer than earlier planes has actually made it harder to fly. Photographer: Dimas Ardian/Bloomberg via Getty ImagesA grounded Lion Air Boeing Co. 737 Max 8 aircraft sits on the tarmac at terminal 1 of Soekarno-Hatta International Airport in Cenkareng, Indonesia, on Tuesday, March 15, 2019. Sundays loss of an Ethiopian Airlines Boeing 737, in which 157 people died, bore similarities to the Oct. 29 crash of another Boeing 737 Max plane, operated by Indonesias Lion Air, stoking concern that a feature meant to make the upgraded Max safer than earlier planes has actually made it harder to fly. Photographer: Dimas Ardian/Bloomberg via Getty Images
RENTON, WA - MARCH 16: A Boeing 737 MAX 7 lifts off for first flight at Renton Municipal Airport, on March 16, 2018 in Renton, Washington. The aircraft is the shortest variant of fuel efficient MAX family. (Photo by Stephen Brashear/Getty Images)RENTON, WA - MARCH 16: A Boeing 737 MAX 7 lifts off for first flight at Renton Municipal Airport, on March 16, 2018 in Renton, Washington. The aircraft is the shortest variant of fuel efficient MAX family. (Photo by Stephen Brashear/Getty Images)
A Qantas Airbus A380 takes off from the airport in Sydney on August 25, 2017. - Australia's Qantas unveiled plans for the world's longest non-stop commercial flight on August 25, 2017 calling it the "last frontier of global aviation", as it posted healthy annual net profits on the back of a strong domestic market. (Photo by PETER PARKS / AFP) (Photo credit should read PETER PARKS/AFP/Getty Images)A Qantas Airbus A380 takes off from the airport in Sydney on August 25, 2017. - Australia's Qantas unveiled plans for the world's longest non-stop commercial flight on August 25, 2017 calling it the "last frontier of global aviation", as it posted healthy annual net profits on the back of a strong domestic market. (Photo by PETER PARKS / AFP) (Photo credit should read PETER PARKS/AFP/Getty Images)

By Chris Isidore, CNN Business

Updated 5:00 PM ET, Wed April 3, 2019

Chat with us in Facebook Messenger. Find out what’s happening in the world as it unfolds.

New York (CNN Business)Two years ago, Boeing was on top. Its stock was up 40% over the previous year. It was one of the hottest stocks around. The outlook for sales and profit was bright. And the company was about to start delivering its new 737 Max jet.

Boeing CEO Dennis Muilenburg shakes hands with President Donald Trump at the 787 kickoff event in 2017.Boeing CEO Dennis Muilenburg shakes hands with President Donald Trump at the 787 kickoff event in 2017.
    Senate panel opens probe of FAA inspectors over Boeing 737 MAX 8Senate panel opens probe of FAA inspectors over Boeing 737 MAX 8
      Automatic anti-stall system activated before Ethiopian Airlines crash: reportAutomatic anti-stall system activated before Ethiopian Airlines crash: report

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