FAA Inviting Pilots To Test Boeing 737 Max Software Changes

The transcript discusses modifications to the Boeing 737 Max's flight control software and the FAA's invitation to pilots for simulator testing. The FAA has not set a firm schedule for the tests, which must be completed before the aircraft can return to service. The 737 Max has been grounded since a fatal crash in March, the second in five months, with software malfunctions suspected as a cause. The grounding has resulted in Boeing's largest reported loss, with a second-quarter adjusted loss of nearly $3.7 billion.

What event led to the grounding of the Boeing 737 Max worldwide?

What financial impact did the groundings of the Boeing 737 Max have on Boeing?