Boeing’s share price rose more than 4% in pre-market trading after European aviation regulators signaled an imminent return to the skies for the currently-grounded 737 Max.
On Tuesday morning the EU Aviation Safety Agency (EASA) published its draft approval for an end to the aircraft’s forced hiatus, which has lasted nearly two years—the 737 Max was grounded worldwide in 2019 following a pair of crashes that killed hundreds of people.
The move is now subject to a 28-day consultation period, meaning the plane could be formally ungrounded in mid-January. However, EASA first wants changes made to the aircraft that are mostly in line with those demanded last week by the U.S. Federal Aviation Administration (FAA).
“Objective and independent”
“EASA made clear from the outset that we would conduct our own … Read the rest