Europe gives Boeing 737 MAX draft approval after near two-year ban
Reuters
Published Nov 24, 2020 07:34AM ET
Updated Nov 24, 2020 07:50AM ET
PARIS (Reuters) - European regulators gave draft approval to Boeing (NYSE:BA)'s 737 MAX on Tuesday, paving the way for a formal flight clearance in January after an almost two-year ban caused by fatal crashes.
The European Union Aviation Safety Agency (EASA) outlined steps needed to put the grounded jets back into service, including updating software implicated in the crashes that killed a total of 346 people in 2018 and 2019.
It also opened a 28-day comment period, which it said would lead to a formal ungrounding from mid-January, once public and industry feedback has been digested.
How long it takes for flights to resume in Europe depends on pilot training and the amount of time airlines need to upgrade software and carry out other actions mandated by EASA.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.