Core Viewpoint - Boeing's certification for the 737 Max 7 and Max 10 has been delayed to 2026, impacting the company's turnaround efforts under CEO Kelly Ortberg [1][2]. Group 1: Certification Delays - The certification for the Max 7 and Max 10 was initially expected in 2022 but has now been pushed to 2026 due to complications with the engine anti-ice system [1][2]. - The Federal Aviation Administration (FAA) had previously warned about potential overheating issues with the engine, leading Boeing to withdraw a request for an exemption [3]. Group 2: Design and Engineering Challenges - Boeing is exploring different design paths to address the de-icing requirements, as the initial engineering designs did not meet the anticipated timeline [4][8]. - The company has acknowledged issues with the design implementation, necessitating additional design changes [8]. Group 3: Financial Performance - Boeing reported quarterly revenues of $22.7 billion, exceeding expectations, but also recorded a net loss of $612 million [9]. - The company's share price fell approximately 4% following the announcement but remains over 30% higher since the beginning of the year [11]. Group 4: Other Aircraft Developments - Boeing is also working on the certification of the 777X, which is now expected to enter service in 2026, with ongoing flight testing showing no new technical issues [9].
Boeing faces fresh delays to new versions of its wildly popular 737 Max as it doubles down on its safety focus