Boeing Tumbles After Admitting More Delays On 737 MAX, FAA Says "No Timeframe" For Return

Update (1440ET): The FAA has issued a statement somewhat rejecting Boeing's timeline, suggesting there is no timeframe for the return of the 737 MAX, reiterating that safety is the first priority.

“The agency is following a thorough, deliberate process to verify that all proposed modifications to the Boeing 737 MAX meet the highest certification standards...

We have set no timeframe for when the work will be completed.”

***

Update (1430ET): Boeing shares are halted (down 5.5%) pending news.

(Click on image to enlarge)

Boeing issued the following statement on 737 MAX Return to Service

As we have emphasized, the FAA and other global regulators will determine when the 737 MAX returns to service. However, in order to help our customers and suppliers plan their operations, we periodically provide them with our best estimate of when regulators will begin to authorize the ungrounding of the 737 MAX. We are informing our customers and suppliers that we are currently estimating that the ungrounding of the 737 MAX will begin during mid-2020. This updated estimate is informed by our experience to date with the certification process.

It is subject to our ongoing attempts to address known schedule risks and further developments that may arise in connection with the certification process. It also accounts for the rigorous scrutiny that regulatory authorities are rightly applying at every step of their review of the 737 MAX's flight control system and the Joint Operations Evaluation Board process which determines pilot training requirements.

Returning the MAX safely to service is our number one priority, and we are confident that will happen. We acknowledge and regret the continued difficulties that the grounding of the 737 MAX has presented to our customers, our regulators, our suppliers, and the flying public. We will provide additional information about our efforts to safely return the 737 MAX to service in connection with our quarterly financial disclosures next week.

1 2
View single page >> |

Disclosure: Copyright ©2009-2020 ZeroHedge.com/ABC Media, LTD; All Rights Reserved. Zero Hedge is intended for Mature Audiences. Familiarize yourself with our legal and use policies every ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Gary Anderson 8 months ago Contributor's comment

Boeing halted. There is no timeframe for return of the Max. This could mean the Max will never return!