Top European Aviation Regulator Gives 737 MAX Green Light
European safety regulators are ready to clear Boeing's (NYSE: BA) 737 MAX for takeoff, a key milestone in the aerospace company's effort to get its most important product airborne again.
The 737 MAX has been grounded since March 2019 after a pair of fatal accidents. The plane accounts for about 75% of Boeing's total order book, and the company bled through nearly $10 billion in the first half of 2020 due in large part to expenditures related to the 737 MAX.
Image source: Boeing.
Source Fool.com