Boeing Gains on Hopes Dreamliner, 737 Max Issues May Be Behind Soon

By Dhirendra Tripathi

Investing.com – Boeing stock (NYSE:) stock rose 3.7% Monday as comments from a top official at the plane-maker over the weekend indicated that troubles facing its 787 Dreamliner and 737 Max plans soon could be history.

Bloomberg quoted senior vice president of commercial sales and marketing Ihssane Mounir as saying that the company is nearing restarting deliveries of the 787. The plane, known as the Dreamliner, is Boeing’s most advanced wide-body. Deliveries have been halted for most of this year so the company can address quality defects to win regulatory approval for its clients to fly them again.

Boeing is also in discussions with Chinese regulators on re-certifying the single-aisle 737 Max workhorse, Mounir said. It expects to restart Max handovers during the first quarter, Chief Executive Officer Dave Calhoun said last month.

China’s Civil Aviation Administration has informed airlines it is satisfied design changes suggested by Boeing could address safety issues, Reuters reported on Sunday. Airlines are expected to provide feedback on a proposed airworthiness directive by November 26, the news agency reported.

The narrow-body plane is a money-spinner for Boeing. The world’s second largest economy has kept them grounded about a year after U.S. regulators approved flight-computer fixes proposed by the company following two fatal crashes.