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Boeing 737 Max is safe to fly: European regulators

Yahoo Finance's Brian Sozzi and Ines Ferre discuss why European regulators now say the 737 Max is ready to fly.

Video Transcript

BRIAN SOZZI: Boeing has gotten the all-clear sign from European regulators to fly the 737 Max. Ines Farre is back with the details. Ines, I'm still not going on this thing. But what are the details today?

INES FARRE: Right. So this agency, the European agency regulators have asked for an upgrade. That upgrade is supposed to come in two years. But still, that's an extra added third censor.

Europe's aviation regulator still, though, says that this 737 Max is safe to fly, again, before the end of the year. It is going through some final reviews ahead of its airworthiness directive, which it's expecting to issue next month. Now, this would really be the biggest endorsement yet when it comes to Boeing 737 Max jet, which you'll recall has been grounded since March of 2019.

Recently, the FAA Chief Steve Dixon had done a test flight. He said he had seen what he liked on that flight. He said he had some deep [INAUDIBLE] items going forward, some tweaks he'd like to see. And that test flight wasn't necessarily a part of the recertification process. But he did say that the recertification process was in its home stretch.

So we've got good news from the European aviation regulator. And also, that was followed by the FAA chief's flight of the Boeing 737 Max jet. The biggest, though, endorsement yet is coming from Europe as of yet, as of now.