) and its suppliers fell on Monday after reports that the U.S. planemaker could temporarily halt production of 737 MAX aircraft, potentially adding to billions of dollars in costs, as its return to service is pushed to 2020.
FILE PHOTO: A Boeing 737 MAX sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington December 8, 2015. REUTERS/Matt Mills McKnight/File Photo The best-selling Boeing plane has been grounded since March after two fatal crashes in Indonesia and Ethiopia killed 346 people, costing the plane manufacturer more than $9 billion in charges so far.
Boeing’s shares fell 4% in premarket trading to $328.13, while Spirit AeroSystems Holdings Inc fell 3.4%. Spirit is Boeing’s biggest supplier and makes the MAX fuselage along with other parts such as pylons. Analysts say a suspension of MAX production would likely result in significant additional charges for Boeing as well as it main suppliers, who have been shielded from a financial hit as they have continued to sell parts for the jet at a rate of up to 52 units per month, even as the planemaker has cut its own production to 42 per month.
Source: News Formal (newsformal.com)
Agreed!! The media refuses to talk about the fact the people need to be behind bars for this!!
So what!? Manslaughter charges should be their biggest concern!! Crazy that nobody is talking about that!! Hundreds died needlessly!!
Boeing stock May Crash Any Second 📉
DjsAviation crankyflier
Cc princertitude et AirDefensenet
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Boeing considers cutting production of 737 Max, report saysBoeing may cut production of the grounded 737 Max jet or temporarily stop making it after being told that its timetable for a return to the skies was not realistic, according to a published report Sunday. BREAKING LOL NOSHITSHERLOCK They should. Change it, it’s a fail.
Source: latimes - 🏆 11. / 82 Read more »
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Source: WSJ - 🏆 98. / 63 Read more »
Boeing reportedly nears decision on cutting or halting 737 Max productionHow did they not stop that immediately? Or at least change the name? No one wants to fly in the crash-mobile. greatweet Boeing considers halting or further cutting 737 Max production... cut/cut/cut😀😀😀 Check it out! kindle KindleUnlimited ingles english And United just put a big dent in the Dreamliner because they're buying the Airbus long haulers
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Source: CNN - 🏆 4. / 95 Read more »
Boeing considers halting production of 737 Max over grounding: report - Business InsiderThe decision could be announced by Boeing as soon as Monday, according to The Wall Street Journal, which cited sources familiar with the matter.
Source: BusinessInsider - 🏆 729. / 51 Read more »
The 737 Max is in deeper trouble than Boeing thought, and its stock is sinkingBoeing's stock has fallen roughly 3 percent in premarket trading following a report that the company was considering curbing production of the troubled 737 Max Trump = disaster ! As ye sow, so shall ye reap! I hope they will close the business. For putting profits above human life. Bye boeing.
Source: CNN - 🏆 4. / 95 Read more »