Boeing to slash output of 737 jetliner
Aircraft manufacturer seeks to limit financial damage from the grounding of its best-selling plane
Seattle — Boeing is cutting production of its 737 jetliner for the first time since the September 11 2001 attacks as the aircraft manufacturer works to limit financial damage from the global grounding of its newest and best-selling aircraft model. By slashing ou Matput 19% to 42 airplanes a month by mid-April Boeing will be able to reduce its spending on the 737 and preserve cash. As work slows in a Boeing factory south of Seattle, two key suppliers, CFM International and Spirit AeroSystems, indicated they would continue full tilt at the current record pace. Boeing CEO Dennis Muilenburg outlined the plan on Friday as the company ramps up efforts to restore public confidence in the 737 Max and the plane maker’s commitment to safety after two of the aircraft crashed within five months. Boeing is facing criminal and Congressional probes stemming from the disasters. To help quell concerns, the company’s board named a committee dedicated to reviewing the design and development of i...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.