CHICAGO, Jan. 21, 2020 /PRNewswire/ -- As we have
emphasized, the FAA and other global regulators will determine when
the 737 MAX returns to service. However, in order to help our
customers and suppliers plan their operations, we periodically
provide them with our best estimate of when regulators will begin
to authorize the ungrounding of the 737 MAX.
We are informing our customers and suppliers that we are
currently estimating that 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. It also accounts for the rigorous scrutiny that regulatory
authorities are rightly applying at every step of their review of
the 737 MAX's flight control system and the Joint Operations
Evaluation Board process which determines pilot training
requirements.
Returning the MAX safely to service is our number one priority,
and we are confident that will happen. We acknowledge and regret
the continued difficulties that the grounding of the 737 MAX has
presented to our customers, our regulators, our suppliers, and the
flying public. We will provide additional information about our
efforts to safely return the 737 MAX to service in connection with
our quarterly financial disclosures next week.
Caution Concerning Forward-Looking Statements
Certain statements in this release may be "forward-looking"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Words such as "may," "should," "expects," "intends,"
"projects," "plans," "believes," "estimates," "targets,"
"anticipates," and similar expressions generally identify these
forward-looking statements. Examples of forward-looking statements
include statements relating to our future financial condition and
operating results, as well as any other statement that does not
directly relate to any historical or current fact. Forward-looking
statements are based on expectations and assumptions that we
believe to be reasonable when made, but that may not prove to be
accurate. These statements are not guarantees and are subject to
risks, uncertainties, and changes in circumstances that are
difficult to predict. Many factors could cause actual results to
differ materially and adversely from these forward-looking
statements, including the timing and conditions surrounding the
return to service of the 737 MAX fleet and the resumption of 737
MAX production, general conditions in the economy and our industry,
including those due to regulatory changes, our reliance on our
commercial airline customers and our suppliers, and changes in our
accounting estimates, as well as the other important factors
disclosed previously and from time to time in our filings with the
Securities and Exchange Commission. Any forward-looking statement
speaks only as of the date on which it is made, and we assume no
obligation to update or revise any forward-looking statement,
whether as a result of new information, future events, or
otherwise, except as required by law.
Contact
Boeing Communications
312-544-2002
media@boeing.com
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SOURCE Boeing