Buttigieg says Boeing must meet FAA quality plan before raising 737 MAX output [Reuters]
Boeing Company (The) (BA)
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Source: Reuters
to address systemic quality-control issues within 90 days before it will be able to boost 737 MAX production. Buttigieg noted that Boeing is about halfway through that 90-day clock set by the Federal Aviation Administration (FAA). "We're not to going let them (increase production) until they have satisfied to the FAA that they can do it safely," he said at an event at Reagan National Airport outside Washington. The FAA in late January took the unprecedented step of telling Boeing it would not allow the U.S. planemaker to expand 737 MAX production in the wake of a mid-air emergency on an Alaska Airlines 737 MAX 9. The Justice Department has opened a criminal probe into the mid-air cabin panel blowout. FAA Administrator Mike Whitaker told Reuters in March that Boeing is allowed to produce 38 of the 737 planes per month, but actual current production "is lower than that." Reuters reported earlier this month that Boeing's monthly output rate fell as low as single digits in lat
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BA
Earnings
- 4/24/24 - Beat
BA
Sec Filings
- 5/3/24 - Form 8-K
- 5/1/24 - Form PX14A6G
- 4/24/24 - Form PX14A6G
- BA's page on the SEC website