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Boeing Max nears return with repair plan cleared by FAA
A Boeing 737 Max lands during a test flight in Seattle on Sept. 30, 2020. (Chona Kasinger/Bloomberg)
Published May 16. 2021 12:01AM
Julie Johnsson, Mary Schlangenstein and Alan Levin, Bloomberg Get the weekly rundown Email Submit
Boeing shares jumped after regulators signed off on repairs that would end a temporary grounding of newer 737 Max models, clearing the way for the planemaker to resume deliveries of a jetliner crucial to its financial turnaround.
Boeing Jumps After FAA Clears Repair Plan for Return of 737 Max
Bloomberg 5/13/2021 © Bloomberg Test Flight Of Reconfigured Boeing 737 Max Airplane
(Bloomberg) Boeing Co. jumped after regulators signed off on repairs that would end a temporary grounding of newer 737 Max models, clearing the way for the planemaker to resume deliveries of a jetliner crucial to its financial turnaround.
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The planemaker sent two service bulletins to 737 Max operators late Wednesday, providing instructions to repair a flight-deck electrical issue that sidelined 106 Max jets for more than a month and could affect hundreds of 737 models made since early 2019.
The repair order, approved by the U.S. Federal Aviation Administration, resolves a manufacturing defect that has irritated customers, halted deliveries and thwarted Boeing’s plans to smoothly re-introduce its flagship jetliner after two fatal crashes.
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