Boeing Co on Monday said it expected U.S. regulators to approve the return to co...
WASHINGTON - Boeing Co on Monday said it expected U.S. regulators to approve the return to commercial service of its grounded 737 MAX jet in the coming weeks, and its shares jumped as investors grew more hopeful the planemaker had addressed software problems at the heart of two fatal crashes.
Boeing said it expected the U.S. Federal Aviation Administration to issue an order approving the plane’s return to service next month, but added it now expected commercial service to resume in January. Boeing shares rose 5% on the company’s outlook. American Airlines and Southwest Airlines said Friday they were pushing back resumption of 737 MAX flights until early March. Major airlines have said they will need at least a month to complete training and install revised software before flights can resume.
He added that “our airline customers will need more time to return their fleets to service and to train all 737 pilots, therefore they have announced schedule updates into March.”Last week, Reuters reported that U.S. and European regulators had not been able to complete a software documentation audit because of significant gaps and substandard documents. The FAA must complete that audit before a key certification test flight can be scheduled.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Boeing now says it expects 737 MAX to resume commercial service in JanuaryBoeing Co said Monday it now expects its grounded 737 MAX to resume U.S. commerc...
Read more »
Boeing expects to resume 737 Max deliveries in December and commercial service green light in JanuaryBoeing expects the 737 Max to receive FAA certification by mid-December. The plane could then be ready for commercial service by mid-late January.
Read more »
Boeing Seeks Blessing to Deliver 737 MAX as FAA Reviews Pilot TrainingThe plane maker hopes to deliver 737 MAX aircraft to airlines before the end of the year even if regulators haven’t approved related pilot training, people familiar with the matter said.
Read more »
S&P 500, Nasdaq dip on trade uncertainty; Boeing lifts DowThe S&P 500 and Nasdaq stock indexes slipped from record highs on Monday as unce...
Read more »
Dow's gain is all Boeing, as stock market breadth remains bearishWhile the Dow Jones Industrial Average peeks into positive territory, market internals continue to point a bearish picture of the Monday's activity. The...
Read more »
Boeing now says it expects 737 MAX to resume commercial service in JanuaryBoeing Co said Monday it now expects its grounded 737 MAX to resume U.S. commerc...
Read more »