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: 30.06.2026 Expectation: 3000 pips
Buy SPX if Producer Price Index stays cool
11 June 2026 71
Period: 11.07.2026 Expectation: 300 pips
Buying ETHUSD up to $1,950
11 June 2026 63
Gold sell
Period: 18.06.2026 Expectation: 1200 pips
Sell gold with $3,980 target during brief rebound
11 June 2026 74
Period: 11.07.2026 Expectation: 1500 pips
Invest in USDJPY ahead of BoJ meeting
11 June 2026 58
Period: 31.07.2026 Expectation: 800 pips
Invest in USDJPY up to 161.50
11 June 2026 53
Period: 31.07.2026 Expectation: 1900 pips
Selling GBPUSD down to 1,3200
11 June 2026 33
Go to forecasts