Boeing Co. (NYSE:BA) has decided to withdraw a crucial safety exemption request for its 737 MAX 7 and 10 planes, a move that could further delay the certification process for the aircraft.
What Happened: Boeing’s decision to withdraw the safety exemption request, which was revealed on Monday, comes in the wake of mounting safety concerns following a mid-air incident involving a 737 MAX 9 jet operated by Alaska Airlines (NYSE:ALK), Reuters reported. The incident, which occurred on Jan. 5, has raised serious questions about Boeing’s safety and quality control standards.
The withdrawal of the exemption request could potentially force Boeing to make design changes more quickly than initially planned, further complicating the certification timeline for the 737 MAX 7 and 10.
Boeing CEO David Calhoun decided to withdraw the request after being pressured by lawmakers in Capitol Hill meetings last week.
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The ongoing delays in the certification process are affecting the fleet plans of ...