Reportedly, Boeing Co’s (BA) 737 MAX operations are expected to resume by the end of this year or the beginning of next year informed China’s aviation regulator. The Civil Aviation Administration of China (CAAC) was the first regulator globally to ground the MAX in March 2019 after two deadly crashes.
The regulatory body also provided airlines with a list of fixes required before the MAX returns to service. In the next stage, the planes will require to be modified and removed from storage and pilots will require additional training, informed CAAC official Yang Zhenmei. Boeing was selling one-quarter of the planes it manufactured annually to Chinese buyers, it’s largest customers before the MAX was grounded.
In October David Calhoun, Boeing Chief Executive informed that the company was working toward gaining Chinese approvals for Max to fly by the end of the year with deliveries expected to resume in the first quarter of 2022. Other Asia-Pacific countries including Singapore, India, South Korea, Japan, Australia, and Fiji have already approved the return of the MAX.
Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space, and security systems. To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.
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