Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems.
Reportedly, Boeing is reconsidering a temporary cut or halt of production of its grounded 737 MAX soon after the Federal Aviation Administration disapproved of the planes’ return to service before 2020. Boeing’s board of directors has been holding a regular two-day meeting in Chicago starting Sunday deciding on the announcement on production plans for the aircraft.
Boeing stated on the matter “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.”
A recent meeting to unground the 737 Max after Chief Executive Dennis Muilenburg met with FAA Administrator Steve Dickson left Boeing disappointed after Dickson did not clear the plane to fly before 2020 and informed the agency has an ongoing investigation into 737 production issues in Renton, Washington and has a number of milestones that must be completed before the MAX returns to service.
As per an email sent to lawmakers by the FAA Dickson told Muilenburg, “Boeing’s focus should be on the quality and timeliness of data submittals for FAA review. He made clear that FAA’s certification requirements must be 100% complete before return to service.”
Boeing’s 737 Max has been grounded since March after two fatal crashes in Indonesia and Ethiopia that killed 346 people.
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