Sign In  |  Register  |  About San Rafael  |  Contact Us

San Rafael, CA
September 01, 2020 1:37pm
7-Day Forecast | Traffic
  • Search Hotels in San Rafael

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Boeing revs 737 Max production amid delivery pause

Airplane builder Boeing is increasing its 737 Max production after a manufacturing issue with the fuselage caused a pause in delivery, according to the company's CEO.

Boeing suppliers will continue producing parts for the company’s maligned 737 Max despite a recent manufacturing issue halting delivery of the narrow-body aircraft, company CEO Dave Calhoun said Tuesday.

Last week, Boeing indicated that near-term deliveries of the jet would slow as the company repairs a new manufacturing problem involving the Spirit AeroSystems fuselage. 

BOEING HALTS DELIVERIES OF SOME 737 MAXS; SHARES FALL

During Boeing’s annual meeting, Calhoun said the company is comfortable holding buffer stock as its production heats up to support an increase in jet production from its current rate of 31 Max planes per month.

To date, Boeing is slated to deliver 38 jets by June before subsequently increasing monthly production to 42 planes by January 2024, 47 jets by June next year and 52 a month by January 2025, a rate Boeing has not held since 2019, when the company decreased output after two fatal Max crashes.

Despite the delivery pause, shares for Boeing are up Tuesday after rising roughly 1.37% the last month and almost 9% since Jan. 1.

BOEING RETURNS 737 MAX SERVICE FOR 11 CHINESE AIRLINES

Reuters contributed to this report. 

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 SanRafael.com & California Media Partners, LLC. All rights reserved.