Boeing said a software change is in the works and Bank of America estimated it would take Boeing three to six months to 'certify the fix.'
The software fix that Boeing said it is working on could take as long as six months, according to Bank of America.
"Once Boeing identifies the issue on the 737 MAX, the most likely scenario, in our view, is that the company will take about 3-6 months to come up with a fix and certify the fix," the bank's analyst Ronald Epstein said in a note on Thursday. Bank of America kept its buy rating and $480 price-target on Boeing as the bank believes the investigation would have a"definitive timeline" as the recovery of the black boxes is already underway. This would significantly reduce the uncertainty around Boeing and the 737 Max model, the bank said. The two black boxes from the Boeing 737 MAX 8 that crashed on March 10 in Ethiopia were being taken to Paris for investigation.
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