Boeing Wants to Restart 737 Max Production This Month

Boeing (NYSE: BA) CEO David Calhoun said Friday he expects to restart production of the company's grounded 737 Max jet this month, moving forward with low rate production ahead of the airplane winning regulatory approval to resume flying.

The 737 Max has been grounded since March 2019 following a pair of fatal crashes. Boeing even suspended production earlier this year due to the growing backlog of planes it had manufactured but was unable to deliver. The company has missed several self-imposed deadlines to return the plane to service, and travel restrictions related to the COVID-19 pandemic have caused further complications to testing and communicating with regulators, but Boeing believes it will have the plane in the air again in the third quarter.

Image source: Boeing.

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Source Fool.com