Boeing 737 Max To Take Another Big Step In Return To Service – Investor's Business Daily

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The Boeing 737 Max will begin its first recertification flights outside of the U.S. next week, following similar flights performed for the Federal Aviation Administration. Boeing (BA) stock fell.

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Transport Canada will conduct test flights next week at Boeing’s Seattle-area facilities, according to Reuters. The Canadian regulator is likely the first non-U.S. regulator to start testing activities, according to the report. The European Union Aviation Safety Agency hasn’t scheduled tests yet, a spokeswoman told Reuters.

Boeing finished its certification tests for the Federal Aviation Administration on July 1. But several tasks remain before it can return to service, including the evaluation of pilot training requirements by European, Brazilian and Canadian officials and final design documentation review.

The FAA said on July 21 that “in the near future” it plans to issue a Notice of Proposed Rulemaking for an Airworthiness Directive on the Boeing 737 Max and allow 45 days for the public to comment on the proposed design changes.

CEO Dave Calhoun said during the second-quarter earnings call that he expects approval from global regulators will be obtained in time to support the resumption of deliveries of the jet during the Q4 vs. his April prediction for Q3.


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Boeing 737 Max Orders

Boeing stock dipped 0.4% to 168.86 on the stock market today. Top Boeing 737 Max supplier Spirit AeroSystems (SPR) fell 1.2%. Engine provider General Electric (GE) rallied 1.4%.

On Thursday, the Boeing 737 Max received its first order since the jet was grounded in March 2019, following a second deadly crash.

Polish airline Enter Air ordered two of the jets with an option for two more. Boeing notably called the plane the “737-8,” dropping the “Max” moniker. But Enter Air’s general director touted the 737 Max.

“Following the rigorous checks that the 737 MAX is undergoing, I am convinced it will be the best aircraft in the world for many years to come,” said Grzegorz Polaniecki, in the release.

But Boeing is still seeing a major deficit in 737 Max orders as customers have canceled 350 737 Max in the first half of the year.

Follow Gillian Rich on Twitter @IBD_GRich for aviation news and more.

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