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Boeing up on China’s approval for the return of the 737 MAX

Boeing stock has jumped 7.54 percent to top US$202.38, on the late-breaking news that China has granted approval for its airlines to resume 737 MAX operations by year’s end.

The Civil Aviation Administration of China was the first to ground the MAX and is the last major regulator to approve a return to 737 MAX operations after the aircraft was grounded following two fatal accidents in 2018 and 2019.

“After conducting sufficient assessment, CAAC considers the corrective actions are adequate to address this unsafe condition,” the CAAC said.

It has issued an Airworthiness Directive, approving of the 737 MAX modifications and airline flights read more ⇒

Source:: AirlineRatings.Com

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