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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By maria gbaf

    Posted on August 11, 2021

    Featured image for article about Top Stories

    BEIJING/SYDNEY (Reuters) – A Boeing Co 737 MAX test plane took to the skies in China on Wednesday as the U.S. manufacturer looks to end a nearly two-and-a-half-year regulatory grounding of the model in the key travel market.

    Flight-tracking website Flightradar24 showed a 737 MAX 7 test plane taking off from Shanghai’s Pudong International Airport at 9:24 a.m. (0124 GMT), with no destination listed. It was flying in a southeasterly direction.

    The 737 MAX test plane left Seattle last week and arrived in Shanghai on Aug. 7 after refuelling stops in Honolulu and Guam. Reuters reported last week it was due for its first test flight in China on Aug. 11 if all went well.

    Boeing did not respond immediately to a request for comment.

    About 30 airlines and 175 countries have allowed the 737 MAX to return to service following a nearly two-year safety ban after crashes five months apart killed 346 people, plunging Boeing into a financial crisis since compounded by the coronavirus pandemic.

    Boeing’s 737 MAX remains grounded in China, where trade tensions between Washington and Beijing have cut off sales for years, though Chief Executive Dave Calhoun said last month he still expected the 737 MAX to win approval before year-end.

    China’s aviation regulator previously issued three requirements for the 737 MAX’s return to service: certified design changes, sufficient pilot training, and definitive findings from the crash investigations.

    Before the 737 MAX was grounded in March 2019, Boeing was selling one quarter of the planes it built annually to Chinese buyers. For years, simmering tensions between Washington and Beijing have caused uncertainty.

    (Reporting by Stella Qiu in Beijing and Jamie Freed in Sydney; Editing by Muralikumar Anantharaman and Stephen Coates)

    BEIJING/SYDNEY (Reuters) – A Boeing Co 737 MAX test plane took to the skies in China on Wednesday as the U.S. manufacturer looks to end a nearly two-and-a-half-year regulatory grounding of the model in the key travel market.

    Flight-tracking website Flightradar24 showed a 737 MAX 7 test plane taking off from Shanghai’s Pudong International Airport at 9:24 a.m. (0124 GMT), with no destination listed. It was flying in a southeasterly direction.

    The 737 MAX test plane left Seattle last week and arrived in Shanghai on Aug. 7 after refuelling stops in Honolulu and Guam. Reuters reported last week it was due for its first test flight in China on Aug. 11 if all went well.

    Boeing did not respond immediately to a request for comment.

    About 30 airlines and 175 countries have allowed the 737 MAX to return to service following a nearly two-year safety ban after crashes five months apart killed 346 people, plunging Boeing into a financial crisis since compounded by the coronavirus pandemic.

    Boeing’s 737 MAX remains grounded in China, where trade tensions between Washington and Beijing have cut off sales for years, though Chief Executive Dave Calhoun said last month he still expected the 737 MAX to win approval before year-end.

    China’s aviation regulator previously issued three requirements for the 737 MAX’s return to service: certified design changes, sufficient pilot training, and definitive findings from the crash investigations.

    Before the 737 MAX was grounded in March 2019, Boeing was selling one quarter of the planes it built annually to Chinese buyers. For years, simmering tensions between Washington and Beijing have caused uncertainty.

    (Reporting by Stella Qiu in Beijing and Jamie Freed in Sydney; Editing by Muralikumar Anantharaman and Stephen Coates)

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