- Boeing Co B.A does not expect to receive certification for the 737 Max 10 before next summer, said a report, citing a letter from the Federal Aviation Administration expressing growing concerns about the company’s delivery date.
- Boeing faces a December deadline to receive regulatory approval for the Max 10. If Boeing doesn’t get an extension from Congress, Boeing will have to meet new requirements for modern cockpit warnings. Reuters reports.
- also read: The short list of Dow Jones stocks that are actually up this year: Note — it’s very short
- “Regarding the 737-10, Boeing’s current project plan calls for the 737-10 to receive an amended type certificate no earlier than the summer of 2023,” the report quoted two sources as saying that acting FAA Administrator Billy Nolen wrote in a letter to Senator Roger quoted Wicker, the top Republican on the Senate Commerce Committee.
- Boeing last week agreed to pay $200 million To settle SEC civil lawsuits for failure to make public statements following plane crashes in 2018 and 2019.
- Wicker proposed extending the deadline for Boeing to receive certification for the two new variants to September 2024 and hopes to include the proposal in an annual defense bill.
- The report said it was unclear whether Congress was ready to approve the proposal. Nolen’s letter said the FAA could not provide an estimate as to when certification work for MAX 7 or MAX 10 will be complete.
- Price promotion: BA shares are up 2.26% to $128.90 during the premarket session last check Tuesday.
- Photo via company
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