Boeing Overcomes Hurdles With FAA Clearance For 737 MAX 10 Testing: Report

U.S. Federal Aviation Administration (FAA) has reportedly given the green light to Boeing Co BA to initiate crucial flight tests on its 737 MAX 10 aircraft, marking a significant step toward readying the jet for commercial operations. 

The FAA approval sets the stage for Boeing's initial deliveries scheduled for the upcoming year.

Citing the communication addressed to employees, the Wall Street Journal notes that the 737-10 is the largest offering within Boeing's MAX family of single-aisle planes. 

Notable carriers such as United Airlines Holdings Inc UAL, Ryanair Holdings AG RYAAY RYAOF, Air India, and SunExpress have already placed orders for these jets, signifying considerable market interest.

Boeing's journey in recent years has been fraught with challenges, including delays and obstacles in getting new aircraft into service, particularly concerning the restart of deliveries for its 737 MAX planes following two tragic crashes that led to their grounding in 2019.

Although Boeing had anticipated FAA certification for the MAX 10 by the previous year, subsequent delays pushed the timeline further. Earlier projections from Boeing executives hinted at an approval expected late this year or early 2024.

Boeing still awaits FAA certification for its MAX 7 and 777X models. Initial plans to commence MAX 7 deliveries this year have faced delays. Similarly, the 777X, initially targeted for 2020, is now slated for customer delivery by 2025 due to several setbacks.

Price Action: BA shares are up 1.07% at $220.61 on the last check Wednesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.