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In this overhead photo taken on July 1, 2019, grounded Boeing 737 MAX aircraft are seen parked at Boeing Field in Seattle, Washington, United States. REUTERS/File Photo/Lindsey Wasson Reuters, July 8 – Bloomberg News reported on Thursday that Chinese aviation officials have shown a willingness to undertake flying testing on Boeing Co’s (BA.N) 737 MAX, potentially clearing the way for the fastest-selling plane’s return to China. Deals for a validation flight are still being worked out, and the planemaker wants to meet with regulators in late July with a team of 35 pilots and engineers, according to the newspaper, which cited people familiar with the situation. (https://bloom.bg/3e0jZLP ) Boeing had wanted to see the MAX take to the skies by the end of 2020, but trade tensions, regulatory impediments, and measures by the West to offset Chinese competition have all slowed its return. find out more Since 2017, the business has been virtually locked out of new orders in the world’s largest aircraft market, forcing it to reduce manufacturing of the long-haul 787. Boeing is boosting up attempts to persuade China that the plane is safe under the Biden administration, with the goal of resetting their most vital cooperation as air travel recovers from epidemic lows. “We’ve been working with additional regulators as they complete their validation processes following approval from the FAA (US Federal Aviation Administration) and other regulators to restart commercial operations,” Boeing said. Despite this, the report stated that lifting the restriction after the test flight could take months. After a significant rise on high volume following the Bloomberg article in afternoon trading, the company’s stock finished 2% higher at $236.77. Shreyasee Raj in Bengaluru and Tracy Rucinski in Chicago contributed reporting, and Devika Syamnath edited the piece. The Thomson Reuters Trust Principles are our standards./nRead More

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