The clock is running out for the Boeing Company (NYSE: BA) to meet its deadline for regulatory approval for the latest versions of the 737 Max. According to Reuters, Boeing must achieve regulatory approval for the Max 10 and the slightly smaller variant—the Max 7—no later than December to meet its delivery deadlines.
The process is delayed in part by new cockpit-alerting requirements that are part of certification reform legislation that was passed in 2020 after two 737 Max accidents—one in Indonesia, the other in Ethiopia—that killed 346 people. In the aftermath, the global fleet of Boeing 737 Max jets were grounded for two years while Boeing, the NTSB, and the FAA conducted investigations.
