Boeing 737 Max Resumes Operation In China After 2019 Grounding: Report

Author: Shivani Kumaresan | January 13, 2023 07:41am

• Boeing Co (NYSE:BA) has resumed commercial operations of 737 Max in China, after a four-year hiatus.
• China Southern Airlines Co (NYSE:ZNH), China’s largest airline operated the 737-8 Max that was delivered in November 2017, Bloomberg reported.
• The flight took off from Guangzhou and headed to Zhengzhou.
• The 737 Max model was not used to fly passengers in China after it was grounded in 2019 after crashes in Ethiopia and Indonesia, killing 346 people.
• Also Read: JP Morgan Thinks Boeing Is Riding The Momentum
• China was the first country to ground the Max. The service return was approved in December 2021 after the crash-linked software was updated.
• China procured about a third of the 737 jets that Boeing built before grounding. The latest move is expected to Boeing’s export to its most important foreign market.
• Price Action: BA shares are trading lower by 0.43% at $213.40 on the last check Friday.
• Photo Via Wikimedia Commons

Posted In: BA ZNH