Boeing Benefits from FAA Regulation Easing

30 days ago

Alexandra Seminova

"Let's talk about Boeing, which has been in the news this week. Yeah, it is a bright spot today. The stock is up about 4.1 percent right now. The Federal Aviation Administration said that it will give it more leeway to perform some safety checks on its notorious 737 MAX plane. Prior to delivery, obviously, they've struggled with safety issues after multiple crashes with that plane. The FAA will delegate more of its routine inspections to the planemaker. And they also asked for permission for more output on this plane. It's currently capped at about 38 a month, and they want to see it move to a rate of 42 by the end of this year."

Boeing is receiving a boost as the FAA eases checks on its 737 MAX and permits a production increase, which has positively influenced investor sentiment.

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