Boeing 737 Max to resume production earlier than expected
The company’s CEO said Boeing is not going to scarp the 737 MAX despite technical concerns
Stocks impacted: Boeing (BA)
the United States planemaker expects to resume production of its troubled 737 MAX plane months before its forecasted mid-year return to service. As a reminder, Boeing suspended production of the planes this month because a worldwide grounding of the jetliners after two fatal crashes lasted months longer than expected. The company’s CEO Calhoun, who replaced fired CEO Dennis Muilenburg in December, said he believes passengers will fly on the Max when federal regulators say it is safe and they see airline pilots getting on the plane. Boeing shares fell 1.4% Wednesday, bringing their weekly losses to nearly 5%. The aeroplane maker’s stocks plummeted more than 30% since last February, when the 737 Max jet was grounded.
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