FAA OKs return of service for Boeing’s 737 MAX

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In a widely anticipated move, the Federal Aviation Administration said Wednesday that it has identified the required return-to-service activities for operators of Boeing Co.’s 737 MAX planes. The planes have been grounded since March 2019 following two deadly accidents in less than six months. The FAA said its notice on the required activities was for principal inspectors, aviation safety inspectors and other flight standards personnel responsible for oversight of those operating or maintaining 737 MAX planes. The FAA also provided policy and direction for certain of its employees regarding maintenance required prior to returning 737-8 and 737-9 plans to service. Boeing’s stock shot up 5.7% in premarket trading Wednesday. It has rallied 23.4% over the past three months through Tuesday, but has tumbled 35.5% year to date, while the Dow Jones Industrial Average has gained 4.4% this year.
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