Home ECONOMY Boeing to Resume 737 Max Production by May 2020

Boeing to Resume 737 Max Production by May 2020

by biasharadigest

U.S. planemaker, Boeing, is set to resume production of 737 Max craft by May 2020, after halting the production in January this year. This was as a result of the worldwide grounding of the aircrafts in March last year, after two fatal crashes that killed 346 people.

However, the resumption still relies largely on U.S. regulators clearing the 737 MAX to return to service, and also an end of the COVID-19 pandemic which has adversely affected the aviation industry.

“It’ll be a very slow, methodical, systematic approach to warming the line-up and getting crews back in place,” Reuters quotes Boeing Chief Financial Officer, Greg Smith.

Last week, the International Air Transport Association (IATA) reported that airlines globally would require approximately $200 billion government aid in order to survive the pandemic, which has seen lots of flights suspended and aircraft grounded.

Read Also: Airlines Need $200 Billion to Survive

Boeing already announced plans to suspend production in its Washington facilities as from today, as a measure to curb the spread of the virus, at the same time instructing suppliers to halt shipments to its Seattle-area facilities.

See Also:

Boeing to Halt 737 Max Production

Boeing to Borrow $10 Billion amid 737 Max Crisis

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