By The Federal Aviation Administration (FAA) announced on Wednesday that it will not grant permission to Boeing to expand production of its Max jets. This decision came after a mid-flight blowout incident that led to the grounding of numerous planes. The FAA further stated that it has approved a comprehensive inspection and maintenance process that must be carried out for each of the 171 grounded Boeing 737 Max 9 aircraft before they can resume service.
Boeing has yet to comment on the matter. However, FAA Administrator Mike Whitaker expressed confidence in the thorough review conducted by his team. He stated, “The exhaustive, enhanced review our team completed after several weeks of information gathering gives me and the FAA confidence to proceed to the inspection and maintenance phase.” Whitaker emphasized that this will not be business as usual for Boeing, clarifying that the FAA will not entertain any requests for production expansion or additional production lines for the 737 MAX until they are fully satisfied that the quality control issues uncovered during the inspection process have been resolved.
Following this news, Boeing shares experienced a 1.9% decrease after hours.
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