By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Boeing withdraws request to expedite approval of 737 Max 7 jet
News

Boeing withdraws request to expedite approval of 737 Max 7 jet

News Room
Last updated: 2024/01/30 at 4:17 AM
By News Room
Share
3 Min Read
SHARE

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Boeing has withdrawn a request for a safety exemption for a new version of its 737 Max jet that would have expedited its approval, raising questions over when the plane will enter service. 

The US plane maker has come under mounting pressure to withdraw the request for the 737 Max 7 following the blowout of a section of the fuselage on an Alaska Airlines aircraft earlier this month.

The incident, which involved the Max 9 model, has dealt a heavy blow to Boeing’s reputation and raised numerous safety and quality control questions at the company. 

Last week Illinois senator Tammy Duckworth urged the Federal Aviation Administration, the aviation safety regulator, not to certify the Max 7, based on concerns that the exemption request, if granted, would endanger passengers.

The withdrawal throws into doubt when the Max 7, the smallest model, will be certified by the FAA as Boeing works on a permanent design change. Investors had expected the Max 7 to be certified in the first half of this year before being delivered to its first customer, Southwest Airlines. The withdrawal could also affect the certification timetable for the larger Max 10.

Boeing asked for the temporary exemption last year after discovering a flaw in the aircraft’s engine anti-ice system. The FAA had agreed an interim solution while Boeing worked on a permanent fix, which it had promised would be ready to start rolling out by the end of May 2026. 

The two Max models already flying, the Max 8 and the Max 9, have since introduced the interim solution, which involves pilots being urged to turn off the system once icy conditions have gone to prevent overheating.

Boeing said late on Monday that it was withdrawing its request to the FAA. It said that while it was “confident that the proposed time-limited exemption for that system follows established FAA processes to ensure safe operation, we will instead incorporate an engineering solution that will be completed during the certification process”.

Before the Alaska incident the company, which reports its results for the full year on Wednesday, had been expected to lay out new financial and delivery targets for this year. The focus will now be on how it can contain the fallout from the crisis. Boeing shares have fallen 20 per cent since the start of the year.

A preliminary report into the Alaska incident by the National Transportation Safety Board is also expected to be published this week. 

Read the full article here

News Room January 30, 2024 January 30, 2024
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Franklin Mutual International Value Fund Q3 2025 Commentary (MEURX)

Franklin Resources, Inc. is a global investment management organization with subsidiaries operating…

US bars former EU commissioner Thierry Breton and others over tech rules

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Why you shouldn’t cash out when stocks fall

Watch full video on YouTube

Why Build-A-Bear Is Quietly Crushing The Market

Watch full video on YouTube

BJ’s Wholesale Club: Gaining More Confidence In Its Ability To Grow EPS

This article was written byFollowI focus on long-term investments while incorporating short-term…

- Advertisement -
Ad imageAd image

You Might Also Like

News

Franklin Mutual International Value Fund Q3 2025 Commentary (MEURX)

By News Room
News

US bars former EU commissioner Thierry Breton and others over tech rules

By News Room
News

BJ’s Wholesale Club: Gaining More Confidence In Its Ability To Grow EPS

By News Room
News

The 200-Year-Old Secret: Why Preferred Stock Is The Ultimate Fixed Income Hybrid

By News Room
News

US steps up blockade of Venezuela by seeking to board third oil tanker

By News Room
News

Fraudsters use AI to fake artwork authenticity and ownership

By News Room
News

JPMorgan questioned Tricolor’s accounting a year before its collapse

By News Room
News

Delaware high court reinstates Elon Musk’s $56bn Tesla pay package

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?