Boeing Co. ‘s grounded 737 MAX aircraft could be approved for return by as early as next week. The aircraft was halted in the spring of 2019 following crashes in Indonesia and Ethiopia that killed 346 people.
According to a Reuters report earlier this week, the Federal Aviation Administration (FAA) is in the final stages of its approval process for the aircraft. On Monday, it was reported that the final approval could come on November 18.
On October 29, Boeing CFO Greg Smith told investors,” We expect the 737 MAX delivery timing, along with the production rate ramp-up profile to continue to be dynamic as they will ultimately be dictated by the pace of the commercial market recovery, which has been slow and remains uncertain," and added, "There is no material change in the estimate for the total abnormal cost of $5 billion, and we expect these costs will be expenses incurred over this year and next year."