The US Federal Aviation Administration issued an order on Wednesday to allow Boeing’s 737 Max to return to the skies, clearing the way for other regulators to follow and airlines to restore the plane to their schedules.
The move by US regulators, which had been expected, marks the beginning of the end of the worst crisis in Boeing’s century-long history. Two 737 Max crashes killed 346 people, and afterwards destroyed billions in Boeing’s market value, led to the departure of former chief executive Dennis Muilenburg and tarnished the reputation of one of the most storied US manufacturers.
Still, the aerospace company can no longer hope to rake in cash from speedy deliveries to eager customers. The Covid-19 pandemic has devastated the airline industry and damped demand for jets, slowing sales of Boeing’s massed inventory of 450 planes parked at Washington state airfields.
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