"Boeing Encourages Open Communication and Stabilizes 737 Production Amid MAX Crisis"

1 min read
Source: Fox Business
"Boeing Encourages Open Communication and Stabilizes 737 Production Amid MAX Crisis"
Photo: Fox Business
TL;DR

Boeing plans to stabilize 737 production at a rate of 38 per month in the second half of the year after addressing quality issues that led to periodic line pauses. The company's CFO, Brian West, mentioned lower delivery volumes, customer considerations, and the need to hold additional inventory as factors affecting cash usage in the first quarter. The FAA will have discretion over approving future production rate increases, and Boeing's suppliers are gearing up to increase production to support the 737 production target.

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