AFP, WASHINGTONBoeing Co on Monday said that it would temporarily suspend production of its globally grounded 737 MAX jets next month, as safety regulators delay the aircraft’s return to the skies after two crashes. The decision confirmed investor fears that the company’s recovery from the crisis is dragging on longer and creating more uncertainty for Boeing than executives anticipated. “We have previously stated that we would continually evaluate our production plans should the MAX grounding continue longer than we expected,” the company said. Major air carriers that had purchased 737 MAX jets have repeatedly pushed back the dates on which they anticipate a return to service. Shares in Boeing on Monday fell 4.3 percent as investors anticipated the airline’s decision.

Source: Taipei Times December 17, 2019 15:56 UTC