Boeing to stabilise 737 production rate later this year: CFO
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Previously, Boeing said it was “cycling” at a rate of 38 narrowbody 737s a month.
PHOTO: REUTERS
WASHINGTON - Boeing chief financial officer Brian West said on Feb 13 that the company will move to a steady 737 production rate of 38 aircraft per month in the second half of 2024 after slowing the line following January’s mid-air cabin blowout on a 737 Max 9.
Previously, Boeing said it was “cycling” at a rate of 38 narrowbody 737s a month, but Mr West said at an investor conference that the plane maker is having to periodically pause the line as it focuses on quality in the wake of the incident
“We have to acknowledge that we have lots of things to focus on in terms of keeping the airplanes in position longer so that we can incorporate all the learnings that we’re finding, and that’s just fine,” Mr West said, adding that it will be up to the US Federal Aviation Administration to dictate future rate increases.
Boeing shares were down 1.6 per cent in morning trade. REUTERS