First delivery of Boeing 737 MAX 7 delayed to 2024 -US SEC filing

Boeing's first delivery of the 737 MAX 7 has been delayed to 2024, the company said in an SEC filing on Wednesday. Boeing still expects the FAA to certify the MAX 7 and begin FAA certification flight testing for the MAX 10 in 2023, the company said. MAX 10 is currently slated for first delivery in 2024. Both the MAX 7 and MAX 10 are seen as critical for Boeing to compete against Airbus for orders at the top and bottom of the narrowbody markets. A delay in getting the MAX 7 to launch customer Southwest will further draw out its entry into service, originally set for 2022, and could hinder the carrier's expansion, as it exclusively operates the 737. Boeing shares were up 7.7% on Wednesday afternoon on the strength ofQ2-results that beat Wall Street consensus. Boeing and the FAA have been going back and forth on the safety management system paperwork for months needed to get the MAX 7 certified and there is no clear timetable when the FAA might be able to sign off on Boeing’s submissions, sources told Reuters. "Safety dictates the timeline of certification projects. We cannot discuss ongoing certification projects," the FAA said in a statement.<br/>