Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Dec 08, 2020

Boeing 737 Max Set to Resume Flying as Gol Plans Brazil Service

STOCKS IN THIS STORY
Goenka Business & Finance Ltd.
--
Cosco (India) Ltd.
--
Nifty Top 20 Equal Weight
--
USD-INR
--
MSCI World
--
Pritika Auto Industries Ltd
--
Cons Discretionary Goods & Serv
--
SAB Events & Governance Now Media Ltd.
--
BSE Healthcare
--
BSE Industrials
--
International Travel House Ltd.
--
Advance Lifestyles Ltd.
--
Baroda Extrusion Ltd.
--

Brazil's Gol Linhas Aereas Inteligentes SA said it will be the first airline to resume regular flights with Boeing Co.'s 737 Max since safety officials lifted a lengthy grounding of the embattled jet last month.

Passenger service on the Max will begin Dec. 9 on domestic routes from Sao Paulo, the airline said in a statement late Monday. Gol has trained 140 of its pilots in the U.S., using simulator sessions and a new curriculum approved by the Federal Aviation Administration and ANAC, Brazil's regulator, in the wake of two fatal Max crashes.

Boeing's best-selling jetliner is due to make its return in the U.S. almost three weeks later when American Airlines Group Inc. relaunches Max service on flights connecting Miami with New York. Boeing is also closing in on another milestone, the first post-grounding delivery of a Max plane, with a handover to United Airlines Holdings Inc. likely this week.

The moves will enable the Chicago-based planemaker to crank up a critical commercial machine after racking up about $20 billion in costs from the Max accidents, which prompted the longest aircraft grounding in U.S. history and sparked federal investigations and scores of lawsuits. Boeing redesigned key flight-control software after the crashes, which killed 346 people.

While Boeing has warned that it faces another year of losses brought on by the Covid-19 pandemic, its shares have soared 65% since the end of October, buoyed by the Max's return and vaccine progress. That was the biggest gain during the period on the Dow Jones Industrial Average.

While Gol didn't specify which destinations the Max would serve from Sao Paulo, the airline's website said flights to Porto Alegre, Curitiba and Rio de Janeiro are among those that may be operated by the model.

©2020 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search