FAA enters ‘final stages’ of Boeing 737 Max review

The Boeing 737 Max could make a return to the air as soon as the Federal Aviation Administration says it has entered the “ final stages ” of reviewing proposed modifications to the aircraft.

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“We expect this process to be completed within the next few days, once the agency is satisfied that Boeing has addressed the safety concerns that played a role in the tragic loss of 346 lives aboard the Lion Air flight 610 and the Ethiopian Airlines Flight 302, “FAA Administrator Steve Dickson told FOX Business in a statement. “The FAA continues to work with aviation authorities around the world as they prepare to validate our certification decision.”

Teleprinter	security	Latest	Change	Change%
BA	BOEING COMPANY	179.36	+21.62	+ 13.71%

While Dickson declined to give a specific date for potential approval, Reuters reported that the agency could approve the plane’s grounding as early as November 18. Dickson said the agency “will take the time it needs” before approving the return of the ailing airliner.

“Even as we approach the finish line, I will only lift the grounding order after our safety experts are satisfied that the aircraft meets certification standards,” Dickson added.

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A Boeing spokesperson told FOX Business it continues to work with the FAA and global regulators to safely return the 737 MAX to service.

Earlier today, Boeing received some good news. Bloomberg reported that Southwest Airlines was in “advanced talks” with the Seattle-based plane maker to acquire more than two dozen 737 Max jets that have lost their original buyers. In July, the Seattle Times reported that Boeing had lost just over 800 aircraft orders in the first half of 2020.

Teleprinter	security	Latest	Change	Change%
LUV	SOUTHWEST AIRLINES CO.	43.89	+3.88	+ 9.70%

Boeing shares rose more than 2% on Monday after trading hours at the time of publication. Shares closed earlier today at $ 179.36 per share, up more than 13%.

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