US FAA delays Boeing 737 MAX 10 certification, shares dive 6% - Reuters

The U.S. Federal Aviation Administration has postponed the certification of Boeing’s 737 MAX 10, citing the need to evaluate a software issue identified on the aircraft. The agency said the delay will remain in effect until it can complete its assessment of the problem.

The certification hold affects the timeline for the MAX 10’s entry into service, potentially pushing back delivery schedules for airlines that have placed orders for the model. Boeing has not provided a revised date for when the aircraft will receive final approval.

The news triggered a sharp reaction in the market, with Boeing’s shares falling between 6% and 7% in trading following the announcement. The stock closed down 6.9% in one session, reflecting investor concerns about further postponements.

Boeing’s leadership confirmed that the company is working with the FAA to resolve the software issue and to meet the regulatory requirements for certification. No details of the specific software problem were disclosed.

Analysts noted that the delay adds uncertainty to Boeing’s production plans for the 737 MAX family, which has been a focal point for the manufacturer’s growth strategy. The company will need to address the FAA’s concerns before the MAX 10 can be cleared for commercial operation.