Boeing worker Paul Covaci reaches out to touch a Boeing 737 MAX 7, the newest version of Boeing's fastest-selling airplane, during a debut for employees and media of the new jet in Renton, Wash., Feb. 5, 2018. The move comes after aviation authorities around the world grounded the 737 MAX and Boeing froze deliveries of the new jet to customers in the wake of a March 10 Ethiopian Airlines crash, the second crash of the model in five months. JPMorgan Chase analyst Seth Seifman has estimated that Boeing may lose $1.5 billion to $2.7 billion for every month that 737 MAX deliveries are suspended. Boeing will forgo some pre-delivery payments from customers, but cutting production will ease the expenses and logistical headaches of holding substantial inventory that it can't deliver. Boeing said in a statement that it would work with its suppliers to minimize the operational disruption and financial impact of the production rate change.

Source: Forbes April 05, 2019 20:37 UTC