Top Stories
Boeing CEO says planemaker could be forced to cancel 737 MAX 10 -Aviation Week
Published by Jessica Weisman-Pitts
Posted on July 7, 2022
Global Banking and Finance Review
Company
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.
Published by Jessica Weisman-Pitts
Posted on July 7, 2022
By David Shepardson
WASHINGTON (Reuters) -Boeing Chief Executive Dave Calhoun told Aviation Week in an interview that the planemaker could be forced to cancel the 737 Max 10 over potential regulatory issues.
Boeing has a December deadline to win approval for the 737 MAX 10 – the largest member of its best-selling single-aisle airplane family. Otherwise, it must meet new cockpit alerting requirements under a 2020 law, unless Congress waives it. Calhoun’s comments could put more pressure on Congress.
“If you go through the things we’ve been through, the debts that we’ve had to accumulate, our ability to respond, or willingness to see things through even a world without the -10 is not that threatening,” Calhoun told Aviation Week, adding that he does not expect to cancel the 737 MAX 10 but said “it’s just a risk.”
A Boeing spokeswoman confirmed the accuracy of Calhoun’s quotes and reiterated the planemaker is “working transparently with the (Federal Aviation Administration) to provide the information they need, and are committed to meeting their expectations and those of our customers to certify and deliver the 737-10.”
The 2022 deadline was mandated by Congress as part of broader regulatory reforms at the FAA after fatal 737 MAX crashes in 2018 and 2019 killed 346 people.
Boeing has more than 640 orders for MAX 10 planes from 17 airlines, Aviation Week said. In June 2021, United Airlines said it would order another 150 MAX 10s.
In March, the FAA warned Boeing it may not win certification of the MAX 10 by the end of the year and asked the company to provide a “mature certification schedule.” Boeing declined to comment on its current certification schedule.
Unlike other Boeing aircraft, the 737 lacks the Engine Indicating and Crew Alerting System known as EICAS.
Missing the deadline could require Boeing to revamp the jet’s crew alerting system and mean separate pilot training.
Calhoun told Aviation Week: “I think our case is persuasive enough. … This is a risk I’m willing to take. If I lose the fight, I lose the fight.”
(Reporting by David Shepardson; editing by Jonathan Oatis and Diane Craft)