Market Chatter: FAA to Review Boeing 737 MAX Engines After Bird Strike Incidents

MT Newswires Live11-22

The Federal Aviation Administration will convene a review board to address safety concerns involving CFM LEAP-1B engines on Boeing 737 MAX planes after two 2023 bird strike incidents on Southwest Airlines (LUV) flights caused cockpit smoke, Reuters reported on Friday.

The report said the FAA is collaborating with Boeing (BA), CFM, and the European Union Aviation Safety Agency.

It added that temporary procedural changes during takeoff may be issued until Boeing develops a permanent fix, which could delay the certification of the MAX 7 and MAX 10 models.

Southwest said it is working with manufacturers and regulators to identify solutions while reiterating safety procedures to flight crews, according to Reuters.

CFM is the world's largest engine maker by units sold and is co-owned by GE Aerospace (GE) and Safran. GE Aerospace told Reuters that the LEAP engines meet certification standards and performed as designed, though the birds exceeded size and weight standards.

Boeing, CFM, and Southwest Airlines did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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