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Boeing shares surge as it nears 787 delivery resumption

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AFP

New York (AFP) – Shares of Boeing jumped early Monday as the aviation giant moved closer to final regulatory approval to resume deliveries of the 787 jet. The Federal Aviation Administration signed off on Boeing’s certification plan for the top-selling widebody plane, a person familiar with the situation told AFP. “Deliveries aren’t imminent and there are additional steps in the process that we will follow,” this person said. Shares surged 5.8 percent to $168.60 early Monday, reflecting enthusiasm at the restoration of revenues from a cash cow plane whose struggles have crimped company finance…

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