Boeing Stock: Jim Cramer Says Take Long-Term View

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Boeing has received approval from the Federal Aviation Administration to being test flights of its grounded 737 MAX aircraft. 

The FAA, which has been assessing a series of changes to the aircraft's flight system over the past year, gave the green light to Boeing Sunday in an email to lawmakers on both House and Senate Committees that have been overseeing the planemaker's efforts to revive the troubled jet, which has been grounded by transportation authorities around the world for the past 15 months following two fatal crashes in late 2018 and early 2019.

"Testing is expected to take several days, and will include a wide array of flight maneuvers and emergency procedures to enable the agency to assess whether the changes meet FAA certification standards," the FAA said, noting that "getting to this step does not mean the FAA has completed its compliance evaluation or other work associated with return to service."

Late last month, Boeing said it has resumed production of its troubled 737 MAX aircraft, while revealing plans to cut more than 12,000 jobs, as it awaits approval from the FAA, as well as regulators around the world, that would allow the plane to return to service following crashes in Indonesia and Ethiopia that killed 346 people.

737 MAX test flights begin as cases of coronavirus rise in the United States. Jim Cramer said at the end of the day, it's important to take a long-term view of Boeing stock, rather than a 6-month view. Catch his full take on the company and airline industry at large in the video above. 

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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