A production halt of Boeing's 737 Max jets could be felt well beyond the aerospace giant's quarterly profits, according to J.P. Morgan.
div > div.group > p:first-child"> Michael Feroli, the bank's chief U.S. economist, said in a note to clients that annualized U.S. GDP could fall by 0.6 percentage points if production of the beleaguered airplane is halted temporarily.
Boeing is still building the 737 Max, but deliveries of the jet have been halted while U.S. officials conduct an investigation into the aircraft's approval. Earlier this month, a 737 Max jet operated by Ethiopian Airlines crashed, marking the second disaster involving the plane in less than six months. The plane was certified to fly by the Federal Aviation Administration.
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