Boeing’s 737 Max Monthly Production To Be Reduced By 20%

By John Heerdink LinkedIn
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. A top U.S. exporter, the company supports airlines and U.S. and allied government customers in 150 countries. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training. It was reported that Boeing Co will reduce it's 737 Max aircrafts monthly production from 52 to 42 airplanes starting mid-April. The step seems to indicate that the company expects the aircraft's grounding to last a bit longer than originally expected. Boeing's  737 Max aircraft was grounded and faced major criticism due to two recent devastating air crashes of Ethiopian Airlines and Lion Air plane using the aircraft. The crash killed hundreds of passengers on-board along with the crew members. The Aircraft Giant is struggling with the maintenance cost along with the parking issues of the aircraft due to protracted grounding. Federal Aviation Administration has appointed Christopher Hart, Former NTSB chairman to examine into the safety of the 737 MAX. As reported, Hart said that the investigation process that is expected to start on Monday will focus more on interaction with pilots and software, rather than the mechanical failures. To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. Stay Informed! Stay Competitive! Sign Up to receive FREE email updates here! 9 wk2

Boeing cuts 737 MAX output in wake of two deadly crashes

CHICAGO/SEATTLE (Reuters) - Boeing Co said on Friday it plans to cut its monthly 737 aircraft production by nearly 20 percent in the wake of two deadly crashes, signaling it does not expect aviation authorities to allow the plane back in the air anytime soon. Deliveries of Boeing's best-selling.. finance.yahoo.com
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