Sunday, March 26, 2023
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Exclusive-Boeing doesn’t expect MAX 10 to gain FAA approval before summer 2023 -letter By Reuters

by Reuters
October 4, 2022
in Stock Market
Reading Time: 2 mins read
A A
0
Home Stock Market
Share on FacebookShare on Twitter


2/2
© Reuters. FILE PHOTO: An aerial view of a Boeing 737 MAX 10 airplane parked at King County International Airport-Boeing Field in Seattle, Washington, U.S, June 1, 2022. REUTERS/Lindsey Wasson

2/2

By David Shepardson

WASHINGTON (Reuters) -Boeing Co does not anticipate winning approval for the 737 MAX 10 before next summer, according to a Federal Aviation Administration (FAA) letter sent on Monday that intensifies concerns about the company’s timeline for deliveries.

Boeing (NYSE:) faces a December deadline to win regulatory approval for the MAX 10, which is slightly larger than current 737 MAXs in service, as well as for a smaller variant, the MAX 7. Unless it gains an extension from Congress, Boeing must meet new modern cockpit-alerting requirements that could significantly delay the planes’ entry into service.

“With regard to the 737-10, Boeing’s current project plan timeline has the 737-10 receiving an amended type certificate no sooner than summer 2023,” two sources quoted acting FAA Administrator Billy Nolen as saying in a letter to Senator Roger Wicker, the top Republican on the Senate Commerce Committee.

The FAA, Boeing and Wicker’s office declined to comment.

Boeing has recently booked major MAX 10 orders from Delta Air Lines (NYSE:), Canada’s WestJet Group and other carriers.

Last week, Wicker proposed extending the deadline for Boeing to win approval for the two new variants until September 2024 and hopes to attach the proposal to an annual defense bill. But it is not clear if Congress would be willing to approve the proposal.

The new cockpit alerting requirements are part of certification reform legislation that was passed in 2020 after two 737 MAX crashes killed 346 people and led to a 20-month grounding for the best-selling plane.

Certifications of planes require extensive paperwork submissions and detailed review of safety assessments by the FAA.

In a Sept. 19 letter to Boeing made public last week, the FAA expressed concerns that the plane maker would not be able to win certification for the MAX 7 this year. Boeing must get approval for the MAX 7 first as the MAX 10 approval is contingent on some MAX 7 documentation, Boeing Chief Executive Dave Calhoun said last month.

The letter added Boeing has not completed all its required assessments and needed to turn in remaining documents by mid-September if it intended to meet the December deadline.

Boeing, which has argued that it is safer to have one common cockpit alerting system for all versions of the 737, said on Friday that it “is focused on meeting all regulatory requirements to certify the 737-7 and 737-10.”

According to one of the sources, Nolen’s letter on Monday said the FAA was unable to provide an estimate as to when certification work will be completed for the MAX 7 or MAX 10.

“We’re committed to diligently and thoroughly reviewing the documentation as it is submitted,” Nolen was quoted as saying.

Nolen also wrote that he supports his team “taking the time they need to fully understand” human factor functions, according to the source.

Calhoun last month told reporters he thought the FAA would approve the MAX 7 this year and said there was still a “chance” of approval for the MAX 10 before the end of the year.



Source link

Tags: approvaldoesntExclusiveBoeingExpectFAAgainletterMaxReutersSummer
Previous Post

North Korea fires ballistic missile over Japan, prompting evacuation alert for some

Next Post

Ukraine forces break through Russian defences in south, advance in east By Reuters

Related Posts

Google’s Bard Predicts the seven EV stocks Lucid, Rivian, Canoo, Mullen, Tesla, Polestar, and Nikola!

by /u/nklastock
March 26, 2023
0

I received an invite to use Bard and I started asking it questions about the EV stocks and what he...

PepsiCo: Great Long-Term Play, Short-Term Tactical Concerns (NASDAQ:PEP)

by Euro Times
March 26, 2023
0

JHVEPhoto Shares of PepsiCo (NASDAQ:PEP) have continued to trade near their highs, having seen relatively limited volatility in a tumultuous...

Charles Schwab Is The First Bank I Have Bought In Years (NYSE:SCHW)

by Euro Times
March 26, 2023
0

Sundry Photography/iStock Editorial via Getty Images Investment Thesis Most large banks are riskier than they appear, despite regulators and politicians...

What Do You All Think of BJ’s Stock?

by /u/ZomaticLex
March 26, 2023
0

(https://www.financebycwt.com/articles/analysis-of-bjs-wholesale-club-holdings-inc-stock) "BJ's currently has a market cap of $10.067 billion. The company currently has a price/earnings ratio of 19.94. The...

MillerKnoll: The Macro Environment Is Looking Increasingly Challenging (NASDAQ:MLKN)

by Index Investing News
March 26, 2023
0

alvarezJust when MillerKnoll (NASDAQ:MLKN) appeared to be making progress in restoring its profit margins after the enormous impact from inflation...

Elon Musk puts $20 billion value on Twitter

by Reuters
March 26, 2023
0

© Reuters. FILE PHOTO: Twitter logo and a photo of Elon Musk are displayed through magnifier in this illustration taken...

Next Post

Ukraine forces break through Russian defences in south, advance in east By Reuters

The Great Parental Replacement, by Michelle Malkin

Leave a Reply Cancel reply

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

Google’s Bard Predicts the seven EV stocks Lucid, Rivian, Canoo, Mullen, Tesla, Polestar, and Nikola!

March 26, 2023

Seeking Alpha’s CashFlow Hunter predicted SIVB’s implosion. Here’s what he expects next

March 26, 2023

PepsiCo: Great Long-Term Play, Short-Term Tactical Concerns (NASDAQ:PEP)

March 26, 2023

WATCH: Chaos Erupts at Temecula School Board Meeting in California Over the District Hiring Anti-Critical Race Theory Consultant

March 26, 2023

Best Indoor Garden Systems of 2023

March 26, 2023

Ukraine slams Putin plan to station Russian nuclear weapons in Belarus By Reuters

March 26, 2023
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Google’s Bard Predicts the seven EV stocks Lucid, Rivian, Canoo, Mullen, Tesla, Polestar, and Nikola!

Seeking Alpha’s CashFlow Hunter predicted SIVB’s implosion. Here’s what he expects next

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In