Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
💎 Reveal Undervalued Stocks Hiding in Any Market Get Started
U.S. lawmakers discussing a compromise solution to certify Boeing's two 737 MAX models - reports
© Reuters. U.S. lawmakers discussing a compromise solution to certify Boeing's two 737 MAX models - reports
By Senad Karaahmetovic
Senate and House lawmakers are ramping up discussions on a compromise measure to allow Boeing (NYSE:BA) to certify its two 737 MAX models, according to several media reports.
Senator Maria Cantwell of Washington, the Democratic chairwoman of the Commerce Committee, proposed that Boeing adds an additional sensor system, which is already being tested on the Max 10 aircraft. Boeing would be required to cover the costs of the mandatory safety enhancements retrofit for MAX planes currently in service, according to Reuters.
"We do want to push for safety enhancements and we'll see what happens - some people just want a straight extension... Safety should be the focus, not a date, safety," Senator Cantwell told Reuters.
Cantwell's proposal doesn't include a deadline for the MAX 7/10 certification. The Senator is also looking to get this Bill through Congress as a straight extension.
Bloomberg News also reported on progress in talks, although it noted that the proposal is opposed by family members of passengers who died in the crashes of two 737 Max planes in 2018 and 2019.
In case Boeing misses a December 27 deadline, the company is facing a multibillion-dollar redesign of the 737-flight deck as well as further delivery delays for its two Max models. The company's CEO Dave Calhoun said Boeing could abolish plans to produce Max 10 if Congress doesn’t grant an extension to the deadline.
The Seattle Times first reported details of Cantwell's proposal.
Boeing shares are up 1.5% in pre-open Wednesday.
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.