Boeing Co has decided to suspend production of its best-selling 737 MAX model fr...
SYDNEY/CHICAGO - Boeing Co has decided to suspend production of its best-selling 737 MAX model from January, the plane maker’s biggest assembly-line halt in more than 20 years, as repercussions from two deadly crashes drag into 2020.
“This temporary move will put our system in a better position to recover and more efficiently deliver completed airplanes once we safely return the 737 MAX to service,” Boeing Commercial Airplanes Chief Executive Stan Deal told employees in a memo seen by Reuters. Other global regulators, including in Europe and China, have indicated they could take even longer to approve the plane’s return.
In Europe and Asia, travel demand has been more muted in recent months as economic growth slows, leading to a risk of heightened competition and declining fares once the 737 MAX returns.
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