Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

U.S. regulator, Boeing complete 737 MAX certification test flights

Published 07/01/2020, 05:52 PM
Updated 07/01/2020, 06:35 PM
© Reuters. A Boeing 737-7 Max aircraft lands at north side of Boeing Field in Seattle after completing a flight testing to be re-certified

By David Shepardson

WASHINGTON (Reuters) - The Federal Aviation Administration and Boeing Co (N:BA) have completed certification test flights on the 737 MAX, a key milestone toward the plane's return to service, the U.S. regulator said on Wednesday.

The MAX has been grounded since March 2019 after two fatal crashes in five months killed 346 people.

The FAA said it must still evaluate data from the three days of testing and has other tasks to complete.

"The agency is following a deliberate process and will take the time it needs to thoroughly review Boeing's work," the FAA said. "We will lift the grounding order only after FAA safety experts are satisfied that the aircraft meets certification standards."

Boeing declined to comment, saying it would defer to the FAA statement.

The tests of Boeing's proposed changes to the automated flight control system on the aircraft are a pivotal moment in the company's worst-ever corporate crisis. The FAA must complete the data review, approve new pilot training procedures, among other steps, and is unlikely to approve the plane's ungrounding until mid-September, Reuters reported this week.

If that happens, the jet is on a path to resume U.S. service before year-end, in a process plagued by delays.

The crisis has cost Boeing more than $18 billion, slashed production and hobbled its supply chain, with criminal and congressional investigations still ongoing. In December, Boeing fired Chief Executive Dennis Muilenburg after scrutiny into the jet's design and development tarnished its reputation with airlines and regulators.

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

A Transportation Department inspector general report first reported by Reuters on Tuesday faulted Boeing for not disclosing information to the FAA about a key safety system known as MCAS tied to both fatal crashes.

Boeing agreed to add significant safeguards to MCAS, make other software updates and move wiring bundles that the FAA said posed a safety hazard.

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.