Boeing’s 737 Max Monthly Production To Be Reduced By 20%
Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top U.S. exporter, the company supports airlines and U.S. and allied government customers in 150 countries. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training.
It was reported that Boeing Co will reduce it’s 737 Max aircrafts monthly production from 52 to 42 airplanes starting mid-April. The step seems to indicate that the company expects the aircraft’s grounding to last a bit longer than originally expected.
Boeing’s 737 Max aircraft was grounded and faced major criticism due to two recent devastating air crashes of Ethiopian Airlines and Lion Air plane using the aircraft. The crash killed hundreds of passengers on-board along with the crew members. The Aircraft Giant is struggling with the maintenance cost along with the parking issues of the aircraft due to protracted grounding.
Federal Aviation Administration has appointed Christopher Hart, Former NTSB chairman to examine into the safety of the 737 MAX. As reported, Hart said that the investigation process that is expected to start on Monday will focus more on interaction with pilots and software, rather than the mechanical failures.
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