By Michael Dabaie

 

Boeing Co. (BA) said it estimates the ungrounding of the 737 MAX will begin during mid-2020.

"This updated estimate is informed by our experience to date with the certification process. It is subject to our ongoing attempts to address known schedule risks and further developments that may arise in connection with the certification process," Boeing said in a statement.

"Returning the MAX safely to service is our number one priority, and we are confident that will happen," Boeing said.

Boeing said it will provide additional information about efforts to return the 737 MAX to service with its quarterly financial disclosures next week.

Boeing shares were down 5.5% to $306.27 before being halted for pending news.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

January 21, 2020 15:00 ET (20:00 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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