Boeing Shares Trading Up 5%
November 11 2019 - 3:01PM
Dow Jones News
By Michael Dabaie
Boeing Co. (BA) shares were trading up 5%, to $368.04, in heavy
volume Monday afternoon.
Boeing Monday issued a progress report on the grounded 737
MAX.
"While the [Federal Aviation Administration] and other
regulatory authorities will determine the timing of certification
and return to commercial service, Boeing continues to target FAA
certification of the MAX flight control software updates during
this quarter. Based on this schedule, it is possible that the
resumption of MAX deliveries to airline customers could begin in
December, after certification, when the FAA issues an Airworthiness
Directive rescinding the grounding order," the Boeing statement
said.
"In parallel, we are working towards final validation of the
updated training requirements, which must occur before the MAX
returns to commercial service, and which we now expect to begin in
January," Boeing said.
The Wall Street Journal reported Sunday that people familiar
with the matter said Boeing hopes to deliver 737 MAX aircraft to
airlines before the end of the year even if regulators haven't
approved related pilot training.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
November 11, 2019 14:46 ET (19:46 GMT)
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