Boeing CEO says he's confident regulators will sign off on 737 Max by midyear

“We believe this airplane is safer than the safest airplane flying today,” Boeing CEO Dave Calhoun says about the 737 Max.

, which has not yet said when it will clear the plane for flight, provides more information, Boeing will change its timeline, Calhoun said.as it deals with increasing costs from the 737 Max crisis.Shares of Dow component Boeing, which initially fell about 2% in the premarket on the news, reversed course and moved 2.2% higher in morning trading.

The company has been under intense scrutiny after two of its 737 Max jets crashed within five months, killing 346 people. The second crash, in March, led to the mid-March grounding of the entire fleet.

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