Boeing Co., the Chicago, Illinois-based American multinational aerospace industry giant that lost its aviation industry crown to rival Airbus SE last year, had been exploring an option to perform a key certification test flight for its grounded 737 MAX as early as late June, at least two people directly briefed over the subject-matter had unveiled on Wednesday on condition of anonymity as the sources were not authorized to speak over the matter on public.
Nonetheless, followed by the reveal of the media headlines that the Chicago planemaker at least had been trying to make a material impact regarding its best-selling 737 MAX, shares’ prices of Boeing Co. lifted as much as 3 per cent to $210.90 at late-afternoon trading, but amid growing scepticism on investors’ mind over the possibility of re-certification of 737 MAX following advanced staged talks of rebranding the whole jetliners, which Boeing Co.
had declined to pursue, Boeing Co. shares had pared earlier gains in the after-market trading and ended down the day 6.14 per cent lower to $203.41 per share after some profit-taking attempts from the investors.
Boeing notifies airlines of a fix to address safety concerns
Aside from that, the sources familiar with the subject-matter had also added that the Illinois-planemaker had notified certain airlines of a potential fix that would address safety concerns regarding the positioning of wiring bundle on the aircraft apart from the autopilot issue, while Boeing had also told to the airlines that it was aiming to conduct the certification flight in late-June, added the sources.
However, latest development on Boeing Co.’s plan to move up its certification flight came forth days after media headlines had revealed that the US FAA (Federal Aviation Administration) did not have a plan to recertify Boeing Co.’s best-selling 737 MAX until late-August.
In factuality, Boeing Co.’s best-selling 737 MAX remained grounded since the March of 2019 after two fatal crashes in less than six months had killed 346 people due to potential glitches on the aircraft’s autopilot software.