Boeing gets FAA approval to return MD-11 cargo planes to service
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Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.4%
Revenue Growth %: +5.2%
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Investing.com -- The Federal Aviation Administration approved Boeing's protocol on Monday for safely returning MD-11 airplanes to service in the U.S. after grounding the fleet in December.
The FAA had barred MD-11 flights following a fatal November crash of a UPS cargo plane in Kentucky that resulted in 15 deaths.
UPS decided to retire its entire MD-11 fleet following the crash. FedEx said it plans to resume operations of its 28 MD-11 aircraft later this month once the planes meet Boeing's maintenance requirements.
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