Institutional Investors Embrace REITs to Drive Performance, Innovation - Nareit
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U.S. FAA certifies Boeing’s 737 MAX 10
Open this photo in gallery:A 737 MAX 10 for WestJet at the Boeing Everett Factory in Washington in July. Jennifer Buchanan/Seattle Times/ReutersThe Federal Aviation Administration on Tuesday granted final approval to the long-delayed Boeing BA-N 737 MAX 10, clearing the way for the US plane maker to begin delivering the largest version of its best-selling airplane. Boeing has said the MAX 10 will be a major driver of cash flow in its ongoing financial recovery following years of crises and controversies that slowed the company’s timeline for the MAX 10. So far, airlines have ordered more than 1,550 MAX 10s, and the model accounts for 31 per cent of Boeing’s outstanding 737 backlog, according to IBA, an aviation analytics consultancy. Transportation Secretary Sean Duffy is set to appear on Tuesday at a Boeing factory in Everett, Washington, to tout the FAA certification. Boeing in July opened a new production line at the Everett plant to increase 737 output, which it also assembles in nearby Renton. Before the delays, Boeing had initially planned to start delivering the MAX 10 in 2020.
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