Boeing considers halting or further cutting 737 Max production, WSJ reports
The timeline for the 737 Max's return has slipped repeatedly, creating uncertainty for airlines such as Southwest and American. The plane's grounding has cost the airlines hundreds of millions of dollars in revenue.
"We continue to work closely with the FAA and global regulators towards certification and the safe return to service of the MAX," Boeing told CNBC in statement Sunday. "We will continue to assess production decisions based on the timing and conditions of return to service, which will be based on regulatory approvals and may vary by jurisdiction."
Boeing previously cut production in April by 20% from 52 aircraft a month to 42 a month in the wake of a second fatal crash in six months. Regulators around the world responded to those crashes by grounding the aircraft.that the company could further cut or suspend production if the delays get worse.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Boeing declines to bid on Air Force’s $85-billion ICBM projectBoeing's move leaves Northrop Grumman the sole bidder for the contract to develop and procure the next-generation intercontinental ballistic missile.
Read more »
Boeing bows out of multibillion-dollar Minuteman missile replacement competitionBoeing Co has decided not to compete as a prime contractor to replace the Pentag...
Read more »
Total halts output at French Gonfreville refinery after fireFrench oil major Total said on Saturday it has halted production at its 253,000 ...
Read more »
Leaders Barca stumble to draw at SociedadBarcelona's six-game winning streak in all competitions came to a halt on S...
Read more »
Pardon for killer by former Kentucky Gov. Bevin sparks calls for investigationWATCH: Senate Majority Leader McConnell addresses controversial pardons signed by fmr. Kentucky Gov. Matt Bevin: 'Honestly, I don't approve. It seems to me it was completely inappropriate.'
Read more »