Boeing Estimates 737 MAX Ungrounding to Begin Mid-2020
January 21 2020 - 3:15PM
Dow Jones News
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.
Boeing (NYSE:BA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Boeing (NYSE:BA)
Historical Stock Chart
From Jul 2023 to Jul 2024