Boeing has pushed back its timetable for regulators to approve the return of the 737 MAX to at least the middle of the year. Shares fell about 5%.
Boeing Co. on Tuesday pushed back its timetable for regulators to approve the return of the troubled 737 MAX for commercial service, saying it doesn’t expect approval until at least the middle of the year.
The company said its new estimate for the Federal Aviation Administration’s signoff—which people briefed on the matter expected in June or July—takes into account the need for approving training for pilots and “experience to date with the certification process.”
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