Why Shares of Boeing Are Taking Flight Today
Shares of Boeing (NYSE: BA) gained 7% on Monday morning after the company's long-grounded 737 Max was cleared to begin a series of test flights. Boeing desperately needs to get the plane airborne and resume deliveries to customers, and the safety assessment flights are an important step in that process.
The 737 Max has been grounded since March 2019, with Boeing attempting to revamp the airplane after a pair of fatal crashes. Boeing has missed a number of self-imposed deadlines to get the plane airborne, but it appears to be getting closer.
Image source: Boeing.
Source Fool.com