A Boeing 737 MAX 8 airplane being built for India-based Jet Airways, flies after taking off on a test flight, Wednesday, April 10, 2019, at Boeing Field in Seattle. (AP Photo/Ted S. Warren) The Associated PressBy BERNARD CONDON, AP Business WriterNEW YORK (AP) — A Boeing shareholder is suing the company for allegedly hiding problems with its 737 Max jet to push its shares higher. Shareholder Richard Seeks argues that Boeing should have told investors about safety problems with its best-selling plane after a fatal crash in October. The company misled investors "by touting its growth prospects and profitability, raising guidance, and maintaining that the Boeing 737 MAX was the safest airplane to fly the skies," the lawsuit alleges. The lawsuit said that Boeing should have told investors that the safety features were optional on the Max jets it sold.

Source: Ethiopian News April 10, 2019 18:56 UTC