According to a report by Reuters, on Wednesday, American Airlines Group Inc Chief Executive Doug Parker told shareholders that the grounded Boeing 737 MAX is 'highly likely' to be back in the air by mid-August. American Airlines reportedly said that the economic impact of the grounded MAX would be about $350 million between its worldwide grounding in mid-March and Aug. 19, when the airline initially envisioned flying the jets again. Reuters reports that the aviation industry is awaiting regulatory approval for a software fix and pilot training updates by Boeing that would potentially allow the jet to fly again after two deadly crashes within 5 months in Indonesia and Ethiopia.

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