BOEING PLANS HIGHER 737 MAX OUTPUT LATE NEXT YEAR
Planemaker Boeing Co. has drawn up preliminary plans for a fresh sprint in 737 MAX output to as many as 42 jets a month in fall 2022, industry sources said, in a bid to extend its recovery from overlapping safety and COVID-19 crises, Eric Johnson and Tim Hepher reported for Reuters.
The plans would lift output beyond an early 2022 target of 31 a month, which the sources said Boeing aims to reach in March. But implementation will depend on a cocktail of factors including demand, the uncertain capacity of some suppliers, and Boeing's success in reducing a surplus of jets already built.
Boeing declined to comment and pointed to its latest guidance. Last month it reaffirmed plans to raise MAX output from an unspecified "low" rate to 31 a month by early 2022. Shares in the planemaker rose as much as 3.7% in early trading, outpacing a slightly firmer US market.
Production was halted in 2019 after Boeing's fastest-selling model was grounded in the wake of fatal crashes.
It resumed last May at a fraction of its original pace while Boeing navigated regulatory approvals and a fragile supply chain.
It is still awaiting the go-ahead from China after winning Western approvals late last year. Chief Executive Dave Calhoun has warned that the timing of remaining approvals will influence the shape of Boeing's final production ramp-up.
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