Boeing pauses 737 Max deliveries for electrical issues
Boeing announced on Wednesday that shipments of its 737 Max were on hold after a power problem grounded more than 100 aircraft around the world earlier this month.
The problem most recently affects the aircraft, which were on the ground for most of 2019 and 2020 after two fatal accidents in which 346 people were killed. Boeing had resumed shipments of the jets, its best-selling aircraft, late last year after regulators approved a series of fixes following the crashes.
A final solution for the planes has taken longer than originally expected and is coming as airlines prepare for a busy summer travel season after a 2020 devastated by the pandemic. CEO Dave Calhoun told CNBC earlier Wednesday that he expected to complete the repair instructions “relatively” on short order, but failed to provide an exact date. The Federal Aviation Administration, which would approve the fixes, said it was “continuing to work closely with Boeing on.” this matter together “.
Resolving the electrical issues will likely only take a few days per plane, Calhoun said.
On a quarterly call, he said the new break in Max airline shipments “will make our April shipments very easy”.
“At this point, we expect to be able to make up for deliveries later this year,” said Calhoun.
Boeing stock lost more than 3% in midday trading after the company reported a higher than expected loss.