FAA to Reform Aircraft Review Process Following 737 Max Disasters

The Federal Aviation Administration on Tuesday outlined a series of changes to the way it reviews aircraft designs, responding to criticism directed at the agency following a pair of Boeing (NYSE: BA) 737 Max crashes that killed more than 300. Specifically, the FAA has come under criticism for its practice of giving Boeing and other planemakers responsibility and authority to review design changes. Investigations into the 737 Max crashes have raised questions about Boeing's culture, and put the FAA's processes under a microscope.