The Monday, December 16, 2019, announcement at Boeing’s Chicago headquarters of the company’s plan to halt 737 Max production in January 2020 was not much of a surprise to anyone. Despite the troubled airplane’s grounding in March 2019, America’s top manufacturing exporter continued building 42 airframes each month, creating a backlog of more than 400 finished airplanes waiting to be delivered.
Boeing’s 737 Max Production Line to Grind to a Halt
Key Takeaways:
- Boeing will halt 737 Max production in January 2020 due to the aircraft's ongoing grounding and a backlog of over 400 undelivered planes.
- The company faces substantial financial costs, including expenses for parts, preparing grounded aircraft for flight, production line adjustments, and significant reparations to airlines.
- The FAA is adopting a strict, "as long as it takes" approach to re-certifying the Max, prolonging the crisis and allowing rival Airbus to surpass Boeing in commercial aircraft deliveries.
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