Boeing is reportedly gearing up to increase production of its 737 jets as early as October, according to Bloomberg News. This move comes as demand for air travel starts to rebound following pandemic-related restrictions. The company is looking to ramp up production to meet the growing demand from airlines.

The production hike is expected to help Boeing recover from the setbacks it faced due to the global health crisis. The aerospace giant had to cut production of its 737 jets following the grounding of the 737 MAX fleet in 2019. With air travel picking up again, Boeing is looking to boost production to meet the demand.

Boeing’s plans to increase 737 production come as airlines are starting to see an uptick in bookings, especially in the United States. This surge in demand is prompting manufacturers like Boeing to scale up production to meet the needs of airlines and passengers. The move could help Boeing regain lost ground and improve its financial outlook.

The increase in 737 production could also have a ripple effect on the aerospace industry, boosting suppliers and related businesses. The move is seen as a positive development for the sector as it indicates a gradual recovery from the downturn caused by the pandemic. Boeing’s decision could have far-reaching implications for the aviation industry.

Read more at Investing.com: Boeing said to prepare for 737 output hike as soon as October, Bloomberg News reports