Boeing's lower MAX production will slow planemaker's recovery, CEO says [Reuters]
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Source: Reuters
REUTERS/Benoit Tessier/File Photo April 24 (Reuters) - Boeing's lower 737 MAX production will slow the pace of its recovery, as it faces a "difficult" period following a harrowing mid-air blowout on one of its jets in January, CEO Dave Calhoun told employees on Wednesday. Calhoun, who will step down as CEO around the end of the year, acknowledged Boeing was "in a tough moment" in the near term but reiterated that the company was deliberately slowing the system to improve quality and safety. "Lower deliveries can be difficult for our customers and for our financials. But safety and quality must and will come above all else," he added, as the planemaker comes under intensifying pressure following the January accident on an Alaska Airlines-operated MAX 9 aircraft. Boeing is, however, seeing early signs of more "predictable, stable and efficient cycle times in (its) 737 factory," and expects this will continue to slowly improve, Calhoun said. While he did not specify current pro
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