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: 11.10.2026 Expectation: 3200 pips
Going short on AUDUSD ahead of US Fed meeting
11 September 2026 38
Period: 30.09.2026 Expectation: 2000 pips
SPX sell-off targets $7,400
11 September 2026 28
Period: 25.09.2026 Expectation: 2800 pips
Buying Tesla stock with $390 in view
11 September 2026 54
Period: 10.10.2026 Expectation: 2500 pips
Buy AUDCAD upon breaking 1.00000
10 September 2026 40
Period: 24.10.2026 Expectation: 8500 pips
Invest in ETHUSD with $2,565 target
10 September 2026 45
Period: 23.09.2026 Expectation: 2500 pips
NVIDIA sell-off targets $200
09 September 2026 81
Go to forecasts