Boeing’s 737 Max May Not Fly Until Early 2020, Barclays Says
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Boeing Co.’s troubled 737 Max jets are unlikely to return to service until early 2020 as regulatory authorities in the U.S. and Europe remain divided and the planemaker has yet to submit its finalized software fix planned for this month, according to Barclays.
In a note lowering forecasts for the company, analyst David Strauss estimated the company’s free cash flow for 2021-2022 will be about 20% lower than what was expected before the aircraft was grounded, in the high $20s per share range.