Image Courtesy: Boeing.com
Boeing suspends 737 MAX production starting in January 2020. The reduced production output enables the prioritization of stored aircraft delivery to customers since safely returning the 737 MAX to service is Boeing’s top priority. During the grounding of the 737 MAX, Boeing has continued to build new airplanes and there are now approximately 400 airplanes in storage.
In other Boeing news released today, Boeing Board approves quarterly dividend of two dollars and five and one-half cents ($2.055) per share payable on March 6th, 2020.
A big plus in Boeing’s decision is that there will be no layoffs or furlough expected at this time.
Read more about it here…
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