Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Boeing says Chinese airlines resumed operating all 737 MAXs in 2023

Published 12/28/2023, 11:48 PM
Updated 12/29/2023, 11:25 AM
© Reuters. A Boeing 737 MAX 8 aircraft bearing the logo of China Southern Airlines is parked at a Boeing production facility in Renton, Washington, U.S. March 11, 2019. REUTERS/David Ryder/File Photo

BEIJING/SEOUL (Reuters) -All Boeing (NYSE:BA) 737 MAX jets operated by Chinese carriers are back in service at the end of 2023, the U.S. planemaker's China head said on Friday, nearly a year after they started flying following a global grounding in 2019.

The best-selling Boeing model was grounded after fatal crashes in Indonesia and Ethiopia. The MAX returned to service around the world starting in late 2020 after modifications to the aircraft and pilot training, but Chinese airlines started to fly them again only in January 2023.

"All China civil aviation 737 MAXs have resumed operations," Boeing China CEO Liu Qing said on Chinese social media, adding that this amounted to nearly 100 planes.

The culmination of the MAX's return to service in China comes as Boeing conducts preparatory activities and flight tests on a number of 737 MAX jets designated for Chinese customers, raising speculation that the U.S. planemaker could soon restart deliveries of the MAX to China, which have been suspended since 2019.

A restart of MAX deliveries would be a major breakthrough for Boeing's relationship with China, which has been impacted by the MAX crisis and U.S.-China political tensions. It would also be a financial win for Boeing, allowing it to collect payment for dozens of Chinese MAX planes in its inventory

The company last week made its first direct delivery of a 787 Dreamliner to China since 2019, a step seen as a possible prelude to the end of Beijing's freeze on 737 MAX deliveries. Through November, it also handed over eight 777 freighters to Chinese customers, according to Boeing data.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Boeing has been virtually frozen out of new orders from China since 2017 amid Sino-U.S. trade tensions.

Boeing on Thursday said it had instructed airlines to check all MAX planes for a possible loose bolt in the rudder control system after loose or missing hardware was found on two planes.

Ryanair , which operates the 737-8200 version of the MAX, has inspected all its MAX aircraft, a spokesperson said.

"No issues have been identified," the spokesperson said.

Southwest Airlines (NYSE:LUV), which has an all-737 fleet, said it was conducting inspections "during routine overnight maintenance with no operational effects."

FlyDubai, another carrier that exclusively operates 737s, is currently conducting inspections of its fleet and does not expect them to have any effect to the airline's scheduled operations, a spokesperson said.

"Any findings will be reported through our Safety Management System," the spokesperson said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.