To put its 737 Max back to market, The Boeing Company (BA) has taken unprecedented steps. The manufacturer has employed a team of its own pilots for the first time, who in the first weeks after the sale will operate on customer flights. The concept is for Boeing to hire 160 individuals who have previously served on aircrafts of the same family, with 1000 hours of flight time and ready to teach other pilots in real-time mode. These will be some of the world’s highest-paid pilots, with a salary of up to 200,000 per year. For the first 35 days after the first flight, their task will be to be present in the cockpit of the new 737 Max. The client, represented by the airline, saves on the pilots’ wages and gets a guarantee that their staff will be qualified to operate on this model.
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The second large-scale step associated with returning the 737 Max to the market is the hiring of a team of pilots. Boeing had earlier introduced a round-the-clock support line for all buying companies for its new aircraft. A specific headquarters will have to control the commissioning of each aircraft of this modification seven days a week, both previously sold and those to be delivered in the near future. On the basis of good support from aviation regulators, all these decisions were made. Brazil has recently become the first nation to restart a maximum of 737 flights. In January, the European Aviation Safety Authority plans to do so. This has also been done by the U.S. Federal Aviation Authority (FAA), which concluded that the 737 max is one of the best in the world at present and that the regulator is 100 percent sure of this.
All of this news smoothed out the negative from claims that for three years Boeing would freeze its workers’ wages and implement incentive payments in its own shares. In the last session, the company’s shares dropped by -2.05 percent, nearly 4 percent in the red since the beginning of the week. By early December, the upward trend, which began in November, was replaced by a sideways movement. Shares of The Boeing Company (BA) are trading near to June’s highs, when they rose after the first wave of COVID-19 ended. The stock is technically overheated at the moment. It is worth waiting for a new correction in the range of $200-210 from the current $220-230 a share for medium-term investments in them. It may take up to six months and up to 15 percent to return to current levels.
