Boeing is cutting production of the 737 Max jets as the company moves quickly to finalize a fix that will get the grounded aircraft flying again.
"We're adjusting the 737 production system temporarily to accommodate the pause in MAX deliveries, allowing us to prioritize additional resources to focus on software certification and returning the MAX to flight," Boeing Chairman and CEO Dennis Muilenburg said in a statement announcing the rate cut. Muilenburg said the aerospace giant is already working with suppliers to,"minimize operational disruption and financial impact of the production rate change.
The FAA, after initially calling the plane"airworthy," joined the rest of the world on March 13 in grounding the Max. "They will just have to carry that inventory on their balance sheet a little while longer," he told CNBC.
LiveSquawk Cutting production by 20 percent 👀👀👀
Disgraceful company
Maybe Boeing should stop production until they are sure they've figured out why the plane keeps falling out of the sky. Just consider it Boeing ?
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