Boeing (BA) was struggling with the 737 Max long before the coronavirus pandemic slammed the stock lower. But now that cloud could be lifting.
Reuters reported on Monday that the U.S. Federal Aviation Administration (FAA) could lift its grounding of the key aircraft as early as next Wednesday, November 18. That would follow an apparent acceptance in Europe. Bloomberg reported on October 16 that Patrick Ky of the EU’s Aviation Safety Agency believes the plane could return to service this year.
This news is probably flying under the radar for most people. It might be worth knowing about with BA been trapped in a range since the spring — especially considering potential vaccine from Pfizer (PFE).