30 September 2022 | Other

FAA still not ready to approve Boeing 737 Max 7

The Federal Aviation Administration (FAA) informed Boeing that the work required to certify the 737 MAX 7 had not yet been completed. Boeing had a December deadline to win approval for planes. 

In a letter to Boeing, Lirio Liu, the FAA's executive director of aviation safety, wrote that the agency had uncertainties over the documents submitted by the company. 

The FAA recommended the company to submit all remaining System Safety Assessments  by mid-September. If the company had met the deadline, it would have been able to complete certification work (and get FAA approvals for aircrafts) by December, as it planned. 

According to the letter, as of Sept. 15, just under 10 percent of assessments have been accepted by the agency, while 70% of them are at review and revision stages. 

Boeing planned to win regulatory approval for the 737 MAX 7 and 10 models before a new safety standard on cockpit alerts would be implemented in December. 

Company MarketCheese
Period: 03.08.2026 Expectation: 3300 pips
Buy USDCAD on widening greenback-loonie advantage
03 July 2026 36
Period: 10.08.2026 Expectation: 800 pips
AUDCAD keeps rebounding on reduced volatility
03 July 2026 22
Brent sell
Period: 17.07.2026 Expectation: 700 pips
Brent crude sell-off targets $65
03 July 2026 37
Period: 10.07.2026 Expectation: 900 pips
GBPUSD rallies as markets rethink Fed rate path
03 July 2026 30
Gold buy
Period: 02.08.2026 Expectation: 150 pips
Invest in gold as $4,000 holds
02 July 2026 80
Period: 02.08.2026 Expectation: 2400 pips
Buying USDJPY upon updating all-time highs
02 July 2026 42
Go to forecasts