Boeing sees at least two years before 737 MAX production rate reaches pre-grounding target

Global Economy

Reuters
12 February, 2020, 10:10 pm
Last modified: 12 February, 2020, 10:11 pm
Returning the aircraft safely to service following two fatal crashes is the “single biggest” cash driver for the planemaker
FILE PHOTO: Employees walk near a Boeing 737 Max aircraft at the Renton Municipal Airport in Renton, Washington, US January 10, 2020. REUTERS/Lindsey Wasson

Boeing Co Chief Financial Officer Greg Smith said on Wednesday that it will take at least a couple of years before 737 MAX production rate can reach the 57 units per month that the company was targeting before the airplane was grounded last year.

Speaking at an investor conference, Smith said the production rate will depend largely on supplier inventory and noted that discussions on the supply chain are "front and centre" of daily company calls on the 737 MAX.

Returning the aircraft safely to service following two fatal crashes is the "single biggest" cash driver for the planemaker, Smith said.

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