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Boeing 737 MAX aircraft are stored in an area adjacent to Boeing Field on June 27, 2019 in Seattle, Washington. After two accidents, the 737 MAX has been immobilized by the FAA and other aviation agencies since March 13, 2019.
Stephen Brashear | Getty Images
Boeing Monday reassured the aircraft financing and leasing companies that it was working "relentlessly" to make its 737 Max reappear after two fatal accidents that put its best-selling planes out of service around the world whole, at the height of the summer season.
In a closed meeting at Manhattan's Upper East Side house, Harold Pratt, Boeing executives exposed planned changes to the controversial software involved in both accidents, as well as updates to the Pilot training and questions asked by other donors in aviation funding, according to invitations received by CNBC and meeting participants.
The meeting comes as Boeing tries to regain the trust of the public and customers after the two accidents claimed the lives of 346 people and urged regulators around the world to order airlines to stop their planes. The Chicago-based company has been meeting with airlines and other customers around the world since the crash. Aircraft renters are major customers of Boeing and their confidence is essential to maintaining a good sales network.
According to the ICF consulting firm, about one-third of the more than 380 Boeing 737 Max airliners delivered are leased rather than held.
The airlines that bought the jets collapsed to meet the demand for summer travel with fewer aircraft in their fleet and have canceled thousands of flights.
Over the weekend, American Airlines joined United Airlines to remove planes from their schedules until early November. This is the fourth time that the expected return date of the planes is delayed. Once the regulators approve the planes, the airlines will have to train their pilots for changes, which could take more than a month.
Boeing said it planned to complete and postpone its fixes for aircraft in September. Regulators repeatedly said they did not have a specific timetable for recertifying planes, Boeing said during the meeting, according to participants.
Delays will keep planes out of service as the busy Thanksgiving and Christmas holidays draw near.
Since the grounding, which is in its fifth month, Boeing has reduced production rates and suspended deliveries of the aircraft. New aircraft orders have stopped, but Boeing has a backlog of more than 4,000 737 Max aircraft.
Boeing is expected to release its second quarter results on July 24.
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