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Boeing's 737 MAX 10 nears FAA sign-off after years of delay
US officials are expected to announce certification of Boeing's largest 737 on Tuesday, clearing a jet that makes up about 30% of its backlog.
HedgeWeekly News Desk ·
The Federal Aviation Administration is poised to certify Boeing's 737 MAX 10, with Transportation Secretary Sean Duffy expected to make the announcement on Tuesday at the planemaker's Everett, Washington, plant, according to reports. No signed type certificate had been confirmed as of early Tuesday.
The approval would end a long wait for the biggest member of the MAX family, which Boeing once planned to start delivering in 2020. Airlines hold close to 1,500 orders for the model, about 30% of Boeing's undelivered 737 backlog, with United Airlines, Ryanair and Alaska Airlines among the largest buyers.
The FAA's type certification board finished its review on October 16. Earlier this month, the agency decided that a flight-management software glitch disclosed in late September did not need fixing before approval, although several US carriers have chosen not to take deliveries running the affected software version.
Boeing is counting on the MAX 10 to help lift 737 output to 52 jets a month next year. The FAA certified the smaller MAX 7 in August after a review lasting more than eight years.