Boeing Has Plans to Resume Building its 737 Max This Month

According to the CEO of Boeing, the 737 Max plan is in “great shape” and the company plans to resume building the airplanes this month.

It was last week on Friday that Boeing CEO Dave Calhoun said that Boeing would resume building the company’s grounded 737 MAX jets this month.

“The airplane is in great shape…I’m confident we will start our [assembly] line again this month,” Calhoun said in a Fox Business interview.

On Boeing’s most recent earnings conference call, management also had said that deliveries to airline customers might start again in August.

The 737 Max had been grounded worldwide since mid-March following two deadly crashes inside of five months.
When asked about what demand will look like now for air travel, Calhoun said, “about half the schedule the had before.” The chief executive based this off his conversations with Boeing’s airline customers.

“For three years we will slowly crawl back to the traffic levels we had in 2019,” Calhoun said.

When asked if a major U.S. carrier has to go out of business, Calhoun said: “Yes, most likely. You know, something will happen when September comes around.”

Boeing spokesman Gordon Johndroe said on the CEO’s comments: “He was speaking to the general uncertainty in the sector, not about any one particular airline.”

Disclaimer: We have no position in Boeing Co. (NYSE: BA) and have not been compensated for this article.