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Boeing shares hit as FAA finds new 737 MAX issue

Shares of Boeing tumbled Thursday, a day after US regulators identified a new issue in the Boeing 737 MAX that will likely slow the plane's return to service following two deadly crashes.

Legislators: Boeing wanted to wait 3 years to fix Max flaw

Two key lawmakers said Friday that Boeing planned to delay fixing a nonworking safety alert on its 737 Max aircraft for three years and sped up the process only after the first of two deadly crashes involving Max planes last ...

Boeing finishes software update for grounded airliner

Boeing says it has finished with its updates to the flight-control software implicated in two deadly crashes involving its 737 Max, moving a step closer to getting the plane back in the sky.

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Federal Aviation Administration

The Federal Aviation Administration (FAA) is an agency of the United States Department of Transportation with authority to regulate and oversee all aspects of civil aviation in the U.S. The Federal Aviation Act of 1958 created the group under the name "Federal Aviation Agency", and adopted its current name in 1967 when it became a part of the United States Department of Transportation.

The Federal Aviation Administration's major roles include:

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