FAA certifies Boeing 737 MAX 7 after years of delays

RegulationAnalyst Impact 4
โดย Insider Monkey·US·Read original
Summary · why it matters

The FAA certified Boeing's 737 MAX 7 on Monday, the smallest version of its bestselling jet, nearly a decade after the company first expected approval. Boeing shares jumped as much as 8% on the news, part of a broader rally that also included an analyst upgrade and falling oil prices. The approval unlocks real cash for Boeing, since manufacturers collect most of a plane's price on delivery, and Boeing already has roughly 30 to 40 MAX 7s and MAX 10s built and waiting. However, launch customer Southwest Airlines still won't fly the MAX 7 this year because its own planes need extra-legroom seat upgrades, and the airline says revenue service won't start until 2027. Jefferies noted Boeing already has 282 orders for the MAX 7, and the FAA is expected to clear the larger MAX 10 right behind it.

Impact on stocks 6

Defense & Geopolitical Fragmentation · 2 stocks
The Boeing Company
BA
▲ PositiveRegulationrelevance

FAA certification of MAX 7 unlocks deliveries and cash flow.

Industrials · 1 stocks
Cloud & Digital Infrastructure · 1 stocks
Smart City / Autonomous Infrastructure · 1 stocks
Financials · 1 stocks