Boeing (NYSE: BA)
The Wall Street Journal reported that U.S. flight-safety inspectors have requested that Boeing (NYSE:BA) evaluate its 737 MAX 7 safety documentation, creating yet another potential roadblock to the plane’s clearance before a regulatory deadline this year. As a result, Boeing stock surged today.
According to an FAA letter dated October 12 and obtained by the newspaper, the agency could not finish its examination of the company’s documentation due to the absence of information concerning pilots’ potential reactions to catastrophic dangers. Aircraft manufacturers must provide such data to get regulatory clearance for flights.
The federal government requested the safety ratings for Boeing’s most miniature single-aisle airplane, the 737 MAX 7. There have been two tragic incidents involving Boeing’s 737 MAX 8. The FAA has warned that the aircraft may miss a December deadline for recertification imposed by Congress.
The deadline was established by an air-safety regulation enacted by lawmakers in 2020, emphasizing human factors engineering (the study of how pilots and flight attendants react in dangerous situations). The 737 MAX 8 crashes were blamed on faulty assumptions made by Boeing on how pilots would respond in such a crisis. Suppose Boeing’s 737 MAX aircraft are not approved by the end of the year. In that case, a mandatory cockpit refurbishment program will be implemented unless an extension is granted by Congress.
According to the Journal, Boeing stock has maintained that it treats safety as a high priority and communicates openly with government authorities.
While Boeing CEO David Calhoun expressed confidence last month that the 737 MAX 7 would get certification by the deadline, FAA authorities warned the plane was in danger of not receiving certification.
Boeing has also attempted to get certification for the 737 MAX 10, a stretched design variant. Without an extension from Congress, the corporation may discontinue that model, according to Calhoun.
The FAA’s Boeing oversight office manager, Ian Won, reportedly signed the FAA’s October 12 letter about the MAX 7.
Compared to the 23% reduction in the S&P 500 Stock Index, Boeing stock price has fallen 34% this year (SP500).
Featured Image- Megapixl @ Vladsseven
Author Shariq Khan 
