From Nasdaq:

Boeing’s 737 Max 9 aircraft is still facing issues, with the FAA halting the planned expansion over quality control concerns. The FAA announced that the 737 Max 9 can still return to service, but Boeing’s production rate is capped. Moody’s kept the Baa2 rating for Boeing.

Boeing CEO Dave Calhoun faced questions from Congress over the plane’s issues and safety. US lawmakers are urging him to prioritize safety over profits.

After an incident earlier this month, hundreds of flights from United Airlines and Alaska Air were cancelled, leaving the planes grounded. Alaska Airlines is set to resume flights with the 737 Max 9, with inspections set to be completed by the end of next week.

The recent incident has left many feeling uneasy about flying on the 737 Max 9 planes, and net trust in Boeing has declined by double digits. Boeing shares are down 21% year-to-date in 2024.

Alaska Airlines is set to resume flying the 737 Max 9, and United Airlines will resume its 737 Max 9 flights. The incident on Jan 5 has led to a lawsuit against Boeing, with passengers describing it as a “waking nightmare.”



Read more: Boeing 737 Max Planes Return To Sky, FAA Stops Company’s Planned Expansion: ‘One Step Forward, Two Steps Back’