Boeing pauses 737 Max deliveries due to electrical issue, warns of ‘light’ April handovers

Boeing pauses 737 Max deliveries due to electrical issue, warns of ‘light’ April handovers [ad_1]

An unpainted Boeing 737 MAX plane is seen parked in an aerial photograph at Renton Municipal Airport close to the Boeing Renton facility in Renton, Washington, U.S. July 1, 2019. Picture taken July 1, 2019.

Lindsey Wassen | Reuters

Boeing on Wednesday mentioned it has paused deliveries of its 737 Max after an electrical concern grounded more than 100 of the planes worldwide earlier this month.

The drawback is the most recent to impression the planes, which have been grounded for many of 2019 and 2020 after two deadly crashes killed 346 individuals. Boeing had resumed deliveries of the jets, its bestselling plane, late final 12 months after regulators permitted a quantity of fixes after the crashes.

A ultimate repair for the planes has taken longer than initially anticipated and comes as airways are gearing up for a busy summer season journey season after a pandemic-devastated 2020. CEO Dave Calhoun informed CNBC earlier Wednesday that he anticipated to finalize the restore directions “in relatively short order” however didn’t present an actual date. The Federal Aviation Administration, which might approve the fixes, mentioned it’s “continuing to work closely with Boeing on this issue.”

A repair for the electrical points will possible take only a few days per airplane, Calhoun mentioned.

He mentioned on a quarterly name that the brand new pause in Max deliveries to airways “will make our April deliveries very light.”

“At this time, we expect to catch up on deliveries over the balance of the year,” Calhoun mentioned.

Boeing shares have been down greater than 3% in noon buying and selling after the corporate reported a wider-than-expected loss.

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