The Boeing company is finally approaching the moment of return to the sky its most profitable passenger 737 Max, which was grounded for more than a year because of the problems that caused two crashes. Boeing expects commercial service 737 Max will resume in late fall.
On Monday, shares of Boeing (BA), which fell by 40.3% year to date, rose by 14.4% on the background of the Federal aviation administration (FAA) to begin the re-certification of passenger aircraft Boeing 737 Max.
News can be called “a breath of fresh air” for giant Boeing, faced with the unprecedented in its history a “double crisis”- at the beginning of the two accidents caused by the malfunction of the 737 Max, and later by the impact of the pandemic COVID-19, stopping the world’s transportation sector.
The 737 Max was decommissioned around the world in March 2019, since then, the company has eliminated the problem in the system of mission control.
Although in April 2019 Boeing 737 Max called “completely usable” and “one of the safest aircraft in the world”, check the FAA and the process of correcting the fault took much more time than originally anticipated. The General Director of Boeing Dennis Muilenburg under pressure from the Board of Directors had to resign, FAA officials also faced criticism for issuing a permit flight problem 737 Max.
On Monday, the office stated: “the FAA should be a planned process that will take time to thoroughly review the work of Boeing. We will cancel the order ground only after make sure that the aircraft meets certification standards”.
The FAA stated that the first test flight of the 737 Max was launched at 10 am Pacific time from Seattle, other test flights and evaluation will continue for another few weeks.
“The tests are conducted by test pilots and engineers from the FAA and Boeing,” said the FAA.
In this case, speaking to members of Congress Sunday, officials said the FAA: “the FAA has not yet made a decision about returning to operate the 737 Max. You will need a number of steps after the completion of the certification flights”.
Boeing expects commercial service 737 Max will resume in late fall. Prior to this date the company will have to continue to pay compensation to the airlines in the fleet which are grounded 737 Max.
While one crisis may be coming in the next months, the crisis of the pandemic COVID-19, according to experts, will make itself felt more than one year. Analysts say that the passenger flow is probably not going to recover rapidly and to restore the industry will require a substantial period of time.
Although at the end of last month, Boeing restarted production of its aircraft, after the suspension of plants in the beginning of this year, the aircraft manufacturers will continue to face low sales because of falling demand for new aircraft.