Boeing said it restarted 737 MAX production at a "low rate" at its Renton, Washington factory. Boeing said Wednesday 5,520 US employees will take voluntary layoffs, and also disclosed it was notifying 6,770 workers of involuntary layoffs. Last month, Boeing raised $25 billion in a bond offering that allowed it to avoid taking government aid. Boeing said it expects to resume 737 MAX deliveries in the third quarter following regulatory approvals before gradually increasing to 31 per month during 2021. General Electric Co said this month it planned to cut its aviation unit's global workforce this year by as much as 25%, or up to 13,000 jobs.

Source: bd News24 May 27, 2020 22:07 UTC