Boeing woes help Airbus customers more than Airbus edwardcropley
Boeing said on Dec. 16 it would suspend 737 MAX production from January, deepening a crisis around the bestselling passenger jet after fatal crashes in Indonesia and Ethiopia. Boeing, which had already cut monthly production of the plane from 52 to 42, did not predict how long the shutdown would last.
The initial decision to recertify the grounded plane rests with the U.S Federal Aviation Administration, which confirmed on Dec. 11 that it would not be allowed back in the air this year. Ryanair on Dec. 4 trimmed its passenger traffic forecast for 2020 to 156 million from 157 million due to delays in the 737 MAX’s return to service. Ryanair Chief Executive Michael O’Leary, who had initially expected 60 of the jets for next year’s summer, said on Dec. 10 that as few as 10 might be available.
Shares in arch Boeing rival Airbus gained 1.6% to 129.7 euros by 0913 GMT on Dec. 17. Renewed fears of a no-deal Brexit hit shares in European short-haul carriers. EasyJet was down 4%, while Ryanair and British Airways-owner ICAG were down 1.8% and 2% respectively.
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Boeing considers cutting production of 737 Max, report saysBoeing may cut production of the grounded 737 Max jet or temporarily stop making it after being told that its timetable for a return to the skies was not realistic, according to a published report Sunday.
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WSJ News Exclusive | Boeing Weighs Cutting or Halting 737 MAX ProductionBoeing is considering either halting or further cutting production of the 737 MAX amid growing uncertainty over the troubled airplane’s return to service and could disclose a decision as soon as Monday.
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Boeing reportedly nears decision on cutting or halting 737 Max production
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Boeing 737 Max: Suspended production is embarrassing sign of hubris - Business InsiderBoeing repeatedly picked dates for the 737 Max's return only for them to come and go, and for the FAA to refuse to back the same timeline.
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Boeing To Halt 737 Output In January In Move That Will Strain Its Supply ChainAmid the 737 MAX crisis, Boeing has sought to minimize disruptions to the intricate web of smaller companies it relies on to supply roughly 80% of the components that make up its best-selling plane. Now a production halt will bring pain, and aerostructures suppliers like Spirit could bear the brunt.
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Boeing may curb the production of 737 Max airplanes, source saysBoeing is considering curbing production of the troubled 737 Max. The company could either suspend production or further reduce the production level, a source said.
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