U.S. Transport Chief Says There’s No Timeline for Boeing Max Return

(Bloomberg) -- U.S. aviation regulators have no timeline for returning Boeing Co.’s grounded 737 Max to service and won’t act until they are sure it is safe, the nation’s top transportation official said Thursday.

The Federal Aviation Administration has to be assured that a fix being developed by Boeing in the wake of two fatal crashes will prevent any future accidents, Transportation Secretary Elaine Chao said in a speech in Washington.

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