Boeing to invest $1 billion in global safety drive: sources

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Boeing is planning an initial investment of around $1 billion into an industry-wide pilot development as part of a long-term initiative to reduce risks like those faced by the crew in two 737 MAX crashes

) is planning an initial investment of around $1 billion into industry-wide pilot development as part of a long-term initiative to reduce risks like those faced by the crew in two 737 MAX crashes, people familiar with the matter said.

The plane is likely to return to service in Europe during the first quarter of 2020, the head of the European Union Aviation Safety Agency said earlier this week. Boeing Chief Executive Dennis Muilenburg was accused by U.S. lawmakers in back-to-back hearings last week of placing profits over those safety standards, a charge Boeing denies.

The head of the EASA told Reuters in a recent interview that it would demand more data when deciding whether to certify future jets.Outlines of the new investment were drawn up in the wake of the crashes as Boeing executives acknowledged that stall-prevention software known as MCAS confused the pilots due to an overwhelming workload, the people said.

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