Aviation giant Boeing says it plans suspension of the 737 Max production starting in January 2020.
Furthermore, Boeing says it will prioritize the delivery of stored aircraft and temporarily suspend production in January. Boeing says in a statement that in the post-grounding period, they have approximately 400 planes in storage.
In March 2019, we saw the grounding of the 737 max globally following two fatal clashes killing 346 people. In October 2018, Lion Air Jet 737 Max plunged into Java sea killing all on board. Additionally, in March 2019, an Ethiopian Airline 737 max crashed minutes after take off. All the people killed were 346.
The US Federal Aviation Administration (FAA) has delayed theissuance of clearance grounding the 737 Max longer than expected.
Furthermore, the decision is driven by a number of factors, including the extension of certification into 2020, the uncertainty about the timing and conditions of return to service and global training approvals, and the importance of ensuring that we can prioritize the delivery of stored aircraft.
Boeing will communicate further in late January during release of Q4.19 results.