Boeing will halt production on its bestselling jet next month. That's bad news for the American economy.
The aircraft manufacturer Tuesday announced its decision to stop building the 737 Max jet, which has been grounded worldwide since March following two fatal accidents within five months. The 737 Max is by far Boeing's most in-demand plane.And since Boeing is one of America's largest manufacturers as well as its No.1 exporter, the suspension of its biggest product could weigh on US GDP growth early next year.
Partly because Boeing did not want to cause problems for its supplier base, the company continued to build the 737 Max even during the grounding. Boeing has about 400 planes awaiting delivery. The company's sales are down because it doesn't get fully paid until planes are delivered, a negative for GDP growth. Yet at the same time, its inventories have been building, which is helpful for GDP growth.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Boeing says to halt 737 MAX production next monthBoeing has said it would temporarily suspend production of its globally grounded 737 MAX jets next month as the company struggles to get the beleaguered aircraft back in the air after two crashes
Consulte Mais informação »
Boeing shares fall as company debates cutting or halting 737 Max production“I genuinely believe that Boeing’s going to come out of this. It’s just a matter of time.” MadMoneyOnCNBC's JimCramer says he thinks Boeing’s stock will fall even farther as 737 Max grounding wears on.
Consulte Mais informação »
Boeing to suspend production of 737 Max plane in JanuaryThe suspension comes after a former Boeing manager said he alerted the company to problems in the months before two crashes that killed 346 people.
Consulte Mais informação »
Boeing 737 Max: Suspended production is embarrassing sign of hubris - Business InsiderBoeing repeatedly picked dates for the 737 Max's return only for them to come and go, and for the FAA to refuse to back the same timeline.
Consulte Mais informação »
Breakingviews - Boeing 737 MAX cuts will speed margins descentNEW YORK (Reuters Breakingviews) - Boeing is halting production of its troubled ...
Consulte Mais informação »
Factbox: Key steps for Boeing to get 737 MAX cleared to fly - FAABoeing Co said on Monday it will halt 737 commercial production in January as th...
Consulte Mais informação »