Boeing Delays 737 Max Stabilization at 47 Jets a Month as Wing Constraints Persist
Updated
Updated · CNBC · Sep 16
Boeing Delays 737 Max Stabilization at 47 Jets a Month as Wing Constraints Persist
3 articles · Updated · CNBC · Sep 16
Summary
Boeing said 737 Max output is taking longer than expected to stabilize, with production running at about 47 aircraft a month and higher rates now pushed into next year.
Wing production at Boeing’s Renton, Washington, factory is the main bottleneck, CEO Kelly Ortberg told investors, even as he said plans are in place to ease the constraint.
Shares fell more than 5% in afternoon trading after the comments, underscoring investor sensitivity to delays in Boeing’s recovery from years of safety and quality crises.
Ortberg still said certification of the delayed Max 10 could come “very soon,” but he gave no timetable for potential China orders ahead of President Donald Trump’s Sept. 24 meeting with Xi Jinping.