Berkshire Hathaway (BRK-A, BRK-B) Vice Chairman Charlie Munger is confident that Boeing’s (BA) 737 Max jet will be safe when it returns for commercial flight.

In his first interview since Berkshire Hathaway’s Annual Shareholders Meeting, Munger was asked by Yahoo Finance Editor-in-Chief Andy Serwer if he’d fly in the 737 Max once fixed.

“Yes, of course,” Munger said without hesitation. “And they will fix it well.”

The 737 Max was grounded after an Ethiopian Airlines crash that killed 157 people in March. Before that, a Lion Air flight crashed in October, killing 189 people. The investigation into what happened is ongoing.

“I don't think it was really all that excusable that they made the mistake,” he said. “That was a serious mistake.”

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Munger and Berkshire CEO Warren Buffett know quite a bit about the aviation industry. Berkshire’s portfolio of companies include private jet company NetJets, pilot training company FlightSafety, and aircraft parts supplier Precision Castparts.

Munger characterized the recent failures as “an absolute lapse of being a big bureaucracy.”

He believes the damage to the company’s reputation will be limited.

“Boeing probably has the best safety record in the world if you take 60 years, and this was a very unusual lapse,” he said. “There may not be another one for 60 years.”

Munger made the remarks to Editor-in-Chief Andy Serwer in a conversation that will air on May 9, 2019 on Yahoo Finance in an episode of “Influencers with Andy Serwer,” a weekly interview series with leaders in business, politics, and entertainment.

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Sam Ro is managing editor at Yahoo Finance. Follow him on Twitter: @SamRo

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