China’s aviation regulator has told airlines it is satisfied that design changes Boeing Co proposed for its 737 MAX plane could resolve safety problems, in a sign it is closer to lifting a more than two-year flight ban in Chinese skies.
A return to the skies in China, the world’s biggest aircraft market, would be a major boon to Boeing. Broker Jefferies said in September an announcement would be worth a 5% boost to the stock price. Around a third of about 370 undelivered 737 MAX airplanes in storage are for Chinese customers, Boeing said last month.
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