🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

U.S. FAA approves design of 737 MAX 8200 variant

Published 03/31/2021, 07:33 PM
Updated 03/31/2021, 08:25 PM
© Reuters. FILE PHOTO: FAA Chief Steve Dickson returns in a Boeing 737 MAX aircraft in Seattle
BA
-

By David Shepardson

WASHINGTON (Reuters) - The Federal Aviation Administration (FAA) said on Wednesday it had approved the design for the Boeing 737-8200, part of the Boeing (NYSE:BA) 737 MAX series, a necessary step before the U.S. planemaker can begin delivering the airplanes to Ryanair.

The FAA said the 737-8200 incorporates all of the design improvements that were part the 20-month review of the 737 MAX that led to the ungrounding of the MAX in November, more than a year after two fatal crashes killed 346 people.

Ryanair first ordered the 737-8200 plane, which seats 197 passengers, in 2014. The European Union Aviation Safety Agency still must approve the aircraft, a move that could come soon after the FAA approval.

Boeing said Wednesday it would "continue to work with global regulators to safely return the 737-8 and -9 to service. Our teams are also focused on ensuring future members of the 737 family meet all regulatory requirements."

In December, Ryanair - Europe's largest airline - said it was is placing a firm order for 75 additional 737 MAX 8200 planes, a higher-passenger capacity version of the 737-8 MAX.

Ryanair Group Chief Executive Michael O’Leary said last week the airline expected to receive eight of the MAX aircraft in April, another eight in May and none in June.

© Reuters. FILE PHOTO: FAA Chief Steve Dickson returns in a Boeing 737 MAX aircraft in Seattle

Ryanair is the launch customer for the 737-8 variant after the carrier placed its first order for 100 airplanes and 100 options in late 2014, followed by firm orders of 10 airplanes in 2017 and 25 in 2018. Ryanair did not immediately comment late Wednesday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.