From CNBC: 2024-05-30 16:10:29

Boeing production of 737 Max halted due to safety concerns from FAA. Train transport of fuselages in Montana. Door plug incident on Alaska Airlines flight triggered FAA ban. 90-day plan to improve quality outlined by Boeing. FAA will not approve production increases without satisfaction. Long road ahead for Boeing, facing cash drainage and reputation repair. Boeing working with FAA on workforce training and production practices improvements.

Boeing reducing Max production to resolve issues and cope with FAA oversight. Delays affect airline customers like United and Southwest. Production rate slashed by half, leading to higher costs and cash burn. Company expects to use $4 billion in current quarter. Plan includes workforce investment, safety culture improvement, and defect elimination. Boeing committed to delivering safe, high-quality aircraft. Staff involvement in improvement efforts increased significantly.



Read more at CNBC: Agency won’t clear production expansion