The Federal Aviation Administration is moving toward approving Boeing Co.'s largest 737 Max variant after clearing a major checkpoint. People who requested anonymity because the details are not public said a type certification board meeting between the FAA and Boeing took place Friday and was successful, marking a late-stage milestone on the approval path.
The FAA said safety sets the certification schedule. Boeing declined to comment.
According to one person familiar with the process, the Max 10's certification may be revealed as early as next week. On Friday, The Air Current noted the board meeting had gone well, while Reuters said approval could come next week. Bloomberg had previously said approval was anticipated around October.
Boeing counts the Max 10 as one of its most important upcoming jets in its competition with Airbus SE. It is marketed to airlines as a way to replace older 757s and, together with other Max models, as a cash generator the company needs to reduce debt.
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Watch the clock. A certification decision could arrive as soon as early next week, but the FAA says safety drives the timing. The Max 10's role in Boeing's commercial lineup and its expected cash contribution alongside other Max jets remain central to the company's debt-reduction efforts.
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