the_guitar_mann/iStock Editorial via Getty Images
Boeing’s (NYSE:BA) struggle with the 737 MAX 10 certification may extend well beyond expectations, as revealed by Ryanair’s CEO during a news conference on Tuesday.
Michael O’Leary, the CEO of Ryanair, mentioned that while the certification could potentially be achieved by the fourth quarter of 2024, there is a real chance that this approval might not materialize until 2025, as reported by Reuters. The Dublin-based, low-cost carrier has 300 Boeing (BA) 737 MAX 10’s on order, all of which are anticipated to be in operation by or before 2034.
This revelation had substantial repercussions, as Boeing (BA) shares experienced an alarming drop of almost 8% during trading on Tuesday.
The certification process employed by the Federal Aviation Administration is an instrumental means for managing risks through safety assurance.
