08:35 AM EST, 11/22/2024 (MT Newswires) -- (Updates with Southwest Airlines ( LUV ) comment in the fifth paragraph.)

The Federal Aviation Administration will convene a review board to address safety concerns involving CFM LEAP-1B engines on Boeing 737 MAX planes after two 2023 bird strike incidents on Southwest Airlines ( LUV ) flights caused cockpit smoke, Reuters reported on Friday.

The report said the FAA is collaborating with Boeing ( BA ) , CFM, and the European Union Aviation Safety Agency.

It added that temporary procedural changes during takeoff may be issued until Boeing ( BA ) develops a permanent fix, which could delay the certification of the MAX 7 and MAX 10 models.

CFM is the world's largest engine maker by units sold and is co-owned by GE Aerospace (GE) and Safran. GE Aerospace told Reuters that the LEAP engines meet certification standards and performed as designed, though the birds exceeded size and weight standards.

Southwest ( LUV ) told MT Newswires that it is working with manufacturers and regulators to identify fixes while reiterating safety procedures to flight crews.

Boeing ( BA ) and CFM did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)