The Federal Aviation Administration to be Sole Issuer of Airworthiness Certificates for New 737 Max Planes | Financial Buzz

The Federal Aviation Administration to be Sole Issuer of Airworthiness Certificates for New 737 Max Planes

The Federal Aviation Administration has informed Boeing Company (NYSE: BA) that is will be the sole issuer of airworthiness certificates for all new 737 MAX planes.  The review by the FAA on the 737 MAX aircraft design changes & associated pilot training is not complete.  In the letter notifying Boeing of the change in issuer(s), the FAA stated it “has determined that the public interest and safety in air commerce require that the FAA retain authority to issue airworthiness certificates and export certificates of airworthiness for all 737 MAX airplanes.” 

The FAA proclaimed that it will keep its sole issuing authority regarding the certificates until its confident that Boeing has “fully functional quality control and verification processes in place” while other procedures meet all regulations.  “We continue to follow the lead of the FAA and global regulators,” Boeing spokesman Gordon Johndroe said by email. “They will determine when key milestones are achieved and when the fleet and training requirements are certified so the MAX can safely return to service.”

Previously this month, Boeing said that it expected the FAA to unground the 737 Max planes in the middle of December even though the revise training requirements were not expected to be complete until January.  Since the March crashes in Indonesia and Ethiopia resulted in over 300 fatalities, the 737 MAX has been grounded.  Although Boeing is proceeding with pushes towards getting the 737 MAX off the ground, the road to this is long and tedious.