Boeing Co. (NYSE: $BA
) shares were modestly higher in Tuesday pre-market trading after Monday’s sharp selloff tied to a new delay in Federal Aviation Administration certification of the 737 MAX 10.
Boeing was trading at $185.10 at 8:54 a.m. ET Tuesday, up 0.39% from Monday’s $184.39 close. The stock fell 6.91% Monday, with trading volume of about 18.05 million shares, nearly three times its roughly 6.07 million three-month average.
On Tuesday, Ryanair Holdings CEO Michael O’Leary said he hopes the MAX 10 certification setback will be a matter of “days, not weeks or months.” He also said Ryanair still expects to receive its first 15 MAX 10 aircraft in spring 2027.
The FAA said Monday it would hold off on certifying Boeing’s largest 737 MAX variant until a newly disclosed flight-management software issue is resolved.
FAA Administrator Bryan Bedford said the regulator would delay the MAX 10 until it is satisfied there is no unresolved issue. The FAA said the software can increase pilot workload during a go-around, when a landing attempt is aborted, and the aircraft climbs before another approach. Boeing has said the issue can prevent access to automated flight guidance in a specific landing scenario and that it is developing a software update.
Bedford did not provide an expected duration for the certification delay. Asked whether the software correction could take days, weeks or months, he said he did not know, while noting that work by supplier GE Aerospace could potentially accelerate the fix. The FAA has not said the delay will last only days.
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) shares were modestly higher in Tuesday pre-market trading after Monday’s sharp selloff tied to a new delay in Federal Aviation Administration certification of the 737 MAX 10.
Boeing was trading at $185.10 at 8:54 a.m. ET Tuesday, up 0.39% from Monday’s $184.39 close. The stock fell 6.91% Monday, with trading volume of about 18.05 million shares, nearly three times its roughly 6.07 million three-month average.
On Tuesday, Ryanair Holdings CEO Michael O’Leary said he hopes the MAX 10 certification setback will be a matter of “days, not weeks or months.” He also said Ryanair still expects to receive its first 15 MAX 10 aircraft in spring 2027.
The FAA said Monday it would hold off on certifying Boeing’s largest 737 MAX variant until a newly disclosed flight-management software issue is resolved.
FAA Administrator Bryan Bedford said the regulator would delay the MAX 10 until it is satisfied there is no unresolved issue. The FAA said the software can increase pilot workload during a go-around, when a landing attempt is aborted, and the aircraft climbs before another approach. Boeing has said the issue can prevent access to automated flight guidance in a specific landing scenario and that it is developing a software update.
Bedford did not provide an expected duration for the certification delay. Asked whether the software correction could take days, weeks or months, he said he did not know, while noting that work by supplier GE Aerospace could potentially accelerate the fix. The FAA has not said the delay will last only days.
#Crypto