BEIJING: China's aviation regulator has told airlines it is satisfied that design changes Boeing Co proposed for its 737 MAX plane could resolve safety problems, in a sign it is closer to lifting a more than two-year flight ban in Chinese skies.
A return to the skies in China, the world's biggest aircraft market, would be a major boon to Boeing. Broker Jefferies said in September an announcement would be worth a 5per cent boost to the stock price. The agency did not respond immediately to a request for comment on the notice. A Boeing spokesperson said the airline continued to work with regulators around the world to return the 737 MAX to service.Boeing Chief Executive David Calhoun said last month the company was working toward gaining Chinese approvals by the end of the year for the 737 MAX to fly, with deliveries expected to resume in the first quarter of 2022.
Source: News Formal (newsformal.com)
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