Boeing climbs as FAA expected to ease safety check process, speeding up deliveries
Shares of Boeing are taking off in premarket trading on Friday, following a report that the plane maker could soon face fewer obstacles in delivering its aircraft to customers.
According to a Wall Street Journal report, the FAA plans to give Boeing the ability to perform final safety checks on its planes. The agency will also hike the production cap on the 737 Max to 42 jets a month, up from 38.
The move is another sign of recovery for Boeing, which has struggled through years of safety issues, regulator scrutiny, and delivery delays.
The plane maker on Friday also announced that it’s secured two more hefty orders, following the $8.5 billion Uzbekistan Airways deal earlier this week. Turkish Airlines will buy 225 Boeing planes, while Norwegian Air signed a deal to order 30 737 planes. Precise financial details of the deals weren’t disclosed.
The move is another sign of recovery for Boeing, which has struggled through years of safety issues, regulator scrutiny, and delivery delays.
The plane maker on Friday also announced that it’s secured two more hefty orders, following the $8.5 billion Uzbekistan Airways deal earlier this week. Turkish Airlines will buy 225 Boeing planes, while Norwegian Air signed a deal to order 30 737 planes. Precise financial details of the deals weren’t disclosed.
