UPDATE 1 — US Transportation Secretary meeting with Boeing, GE CEOs on aircraft certification reform efforts

(Adds more details in paragraphs 4-10) By David Shepardson WASHINGTON, Oct 14 (Reuters) — US Transportation Secretary Sean Duffy on Wednesday is meeting with the CEOs of major aerospace companies including Boeing and GE on his efforts to reform new aircraft certification, officials said. On Sept. 30, Duffy said he wants to speed certification of new airplanes from ​Boeing and other manufacturers, citing competition concerns from China. Approving a new airplane can take five or ​more years and require substantial testing and data and extensive documentation. ⁠The Federal Aviation Administration in June proposed changes to modernize and speed certification of new ​commercial airplanes. A spokesperson for Duffy confirmed he was meeting with industry executives. Boeing and GE declined to comment. "If we can't move at a different pace in certification, we're ​going to lose. China is going to beat us. We're going to lose not because you don't have the innovation," Duffy told reporters last month, warning that private capital is not going ​to invest in innovation because it is going to take a decade for ​approvals. The effort could be a boost to manufacturers like Boeing Airbus Embraer an