LONDON – The long wait for Boeing is over as Chinese authorities have finally approved the Boeing 737 MAX to resume service after absence due to safety concerns looming over the project by the American aviation giant.
The stock bells were buzzing after the directives from the Civil Aviation Administration of China (CAAC) clearing the model’s airworthy certification, making the jet return to airline schedules and active-duty next year.
Following months of persuasion and negotiations between Beijing and Beijing, where the aircraft producer has more than 100 MAX aircraft delivered to the Chinese carriers grounded over long due safety concerns.
On the other side at the Boeing HQ in Chicago, the cheerful news was followed by skyrocketing stock prices, where the manufacturer was struggling to mitigate the situation over the past 24 months.
This has certainly brought in some smiles on Boeing executives and shareholders.
The Civil Aviation Administration of China (CAAC) issued a statement quoting, “Commercial operations of the existing domestic fleet will be resumed progressively at the end of this year or early next year.’
This move by CAAC asserts that the position of Boeing in the Chinese market, which is an essential growth market in aviation amid the interminable trade and political traction between Washington and Beijing.
China is the last major market to certify the reintroduction of the 737 MAX back into service after it was grounded globally in late 2019 following the safety concerns.
The Chinese authorities cleared the MAX 8 for take-off only after its thorough inspection requiring upgrading the aircraft, installing new software programs to address the defect, and updating the flight manuals.
This airworthiness directive means that there are no remaining CAAC regulatory obstacles for the MAX to return to the service and soar over the skies of Chinese airspace.