FAA halts Boeing 737 Max production expansion, but clears path to return Max 9 to service
Publishing timestamp: 2024-01-25 12:15:21
Summary
The Federal Aviation Administration (FAA) has halted Boeing's planned expansion of its 737 Max aircraft production due to quality control issues. However, the FAA has cleared the 737 Max 9 for return to service in the coming days. Boeing has been working to increase production of its best-selling aircraft, but the FAA will not approve any expansion until the quality control issues are resolved. Boeing shares have dropped more than 6% in response to this news.
Sentiment: MIXED
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