Boeing shares slide on Reuters report that FAA is concerned it was misled about 737 Max safety

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Boeing messages from 2016 suggest that employees misled the FAA about a key safety system on the 737 Max, according to Reuters.

A Boeing 737 MAX 8 for China Southern Airlines is pictured at the Boeing Renton Factory in Renton, Washington on March 12, 2019.shares slipped Friday after a Reuters report said instant messages from 2016 suggest that employees misled the FAA about a key safety system on the 737 Max, the plane that has been grounded since mid-March after two fatal crashes.

The FAA turned over the instant messages to U.S. lawmakers and the Department of Transportation Inspector General, the FAA said in a statement. The FAA says Boeing discovered the messages "some months ago" and the flight regulatory agency finds the document "concerning."The manufacturer of the planes is scrambling to gain regulators' approval to bring the planes back to service.

Boeing has developed a software fix for the software that misfired on the crashes but regulators haven't yet signed off. The company is facing several investigations into the plane's design and software.

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