Boeing Shares Plummet as FAA Delays 737 Max 10 Certification
The U.S. Federal Aviation Administration (FAA) has delayed certification of Boeing's 737 Max 10 aircraft, causing shares to plummet by 7%.
This decision affects the production and delivery timeline for the 737 Max 10, which was expected to be certified in 2023.
The FAA stated that it needs more time to review the certification process, which has been ongoing since 2022.