Boeing Shares Trading Up 5%

Date : 11/11/2019 @ 8:01PM
Source : Dow Jones News
Stock : Boeing Co (BA)
Quote : 323.05  5.26 (1.66%) @ 12:59AM
After Hours
Last Trade
Last $ 320.80 ▼ -2.25 (-0.70%)

Boeing Shares Trading Up 5%

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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)

Copyright (c) 2019 Dow Jones & Company, Inc.

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