Boeing restarted production of its 737 Max jetliner last week, sources revealed, following a seven-week strike. The production line resumed operations on Friday, crucial for Boeing's recovery amid its heavy debt burden. The company has approximately 4,200 orders for the aircraft, which airlines require to meet rising global air travel demand. Production remains capped at thirty-eight monthly planes after FAA scrutiny over safety issues, including an incident involving a missing door panel in January. Boeing aims to reach fifty-six planes per month but faces challenges from past crashes, supply chain disruptions, and increased oversight. Jefferies analysts forecast Boeing will average twenty-nine monthly productions by 2025.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Boeing restarted production of its 737 MAX jetliner last week, sources revealed,
00:07following a seven-week strike. The production line resumed operations on Friday,
00:11crucial for Boeing's recovery amid its heavy debt burden. The company has approximately 4,200
00:16orders for the aircraft, which airlines require to meet rising global air travel demand.
00:20Production remains capped at 38 planes per month after FAA scrutiny over safety issues,
00:26including an incident involving a missing door panel in January.
00:29Boeing aims to reach 56 planes per month, but faces challenges for past crashes,
00:34supply chain disruptions, and increased oversight.
00:37Jefferies analysts forecast Boeing will average 29 monthly productions by 2025.