• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Money Profit News
No Result
View All Result
Home Breaking News

China issues directive to bring Boeing 737 Max back to the skies after more than 2 years

by
December 2, 2021
in Breaking News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

Stock futures fall following a major comeback week for stocks

Time is ripe to snap up bargains, says debt investor Howard Marks

Monday: Durable Goods, Pending Home Sales, Dallas Fed Mfg

Robert Kiyosaki says that hot inflation will ‘wipe out 50% of the US population’ — here’s what he means by that and how to protect yourself

This photo taken on December 15, 2018 shows a Boeing 737 MAX 8 airplane delivered to Air China during a ceremony at Boeing Zhoushan 737 Completion and Delivery Center in Zhoushan, in China’s eastern Zhejiang province.

STR | AFP | Getty Images

Chinese aviation regulators on Thursday instructed airlines to make the changes needed to fly Boeing’s 737 Max planes again, indicating the jets could soon be flying in China after more than two and a half years.

China was the first of dozens of countries, including the U.S., to ground the Boeing 737 Max in March 2019 shortly after the second of two fatal crashes in five months, which together killed 346 people. The Federal Aviation Administration cleared the planes to fly in November 2020 after Boeing made software and other changes.

“After conducting sufficient assessment, CAAC considers the corrective actions are adequate to address this unsafe condition,” the Civil Aviation Administration of China said in an airworthiness directive, posted on its website.

Shares of the aircraft manufacturer were up more than 4% in premarket trading, while Spirit Aerosystems, which makes the fuselages, was trading more than 9% higher.

“The CAAC’s decision is an important milestone toward safely returning the 737 MAX to service in China,” Boeing said in a statement. “Boeing continues to work with regulators and our customers to return the airplane to service worldwide.”

Boeing’s CEO Dave Calhoun told analysts on a quarterly call in October that the company expected China to lift the grounding by the end of the year and that deliveries of the planes would likely resume in the first quarter of 2022.

CFO Brian West said on the Oct. 27 call that about one third of the roughly 370 Max planes Boeing has in inventory are for Chinese airlines.

Next Post

Hotels: Occupancy Rate Up 5% Compared to Same Week in 2019; Record Thanksgiving Week Occupancy

Leave a Reply Cancel reply

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

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

Stock futures fall following a major comeback week for stocks

by
June 26, 2022
0

Traders on the floor of the NYSE, June 15, 2022. Source: NYSE U.S. stock futures were little changed on Sunday...

Read more

Stock futures fall following a major comeback week for stocks

Time is ripe to snap up bargains, says debt investor Howard Marks

Monday: Durable Goods, Pending Home Sales, Dallas Fed Mfg

Metals Haven’t Crashed This Hard Since the Great Recession

‘A cold dark place’ — Michael Burry thinks the market has plenty of room to plunge. But he finally sees value in these 4 stocks

Robert Kiyosaki says that hot inflation will ‘wipe out 50% of the US population’ — here’s what he means by that and how to protect yourself

Load More

All rights reserved by www.moneyprofitnews.com

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

moneyprofitnews