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Boeing's (BA) - Get Free Report  grounded MAX could be certified and back in service as early as October, sources with knowledge of the matter told The Seattle Times.

According to the newspaper, the Federal Aviation Administration's Flight Standardization Board is hoping to issue recommendations for exactly what pilot training is necessary before the planes can be returned to the skies early next month.

The report will have a comment period of 30 days at most before it is finalized and made mandatory, which would make getting the MAX back in the air in the early part of the fourth quarter realistic.

The FAA said on Thursday it would invite Boeing 737 MAX pilots from around the world to participate in simulator tests as part of the process to rectify the aircraft for flight following two fatal crashes this year that killed more than 324 people in two different incidents.

Earlier this month, Boeing said it will delay the debut of the extra long-range version of its 777X widebody jet.

The plane was being planned for use for 21-hour non-stop flights between Sydney, Australia and London for Qantas Airways. The Australian airline said that it had hoped for first deliveries of the planes in 2022 and for the launch of the world's longest commercial flight in 2023.

Shares of Boeing were up 0.34% at $355.60 in trading on Friday.