Boeing Sees 737 Max Return Slipping to Midyear, Adding to Strain
- Shares drop as planemaker outlines another delay for key jet
- New CEO is working to repair frayed ties with customers, FAA
Boeing 737 Max airplanes sit parked on Boeing property near Boeing Field in Seattle, Washington.
Photographer: David Ryder/Getty Images
This article is for subscribers only.
Boeing Co. said its grounded 737 Max won’t be cleared to fly until the middle of this year, at least six months later than previously anticipated, adding to the company’s financial burden.
The U.S. planemaker is resetting expectations as it addresses two recent setbacks for the embattled Max: a software flaw that will require more work than expected and an audit that found some wiring on the plane needs to be shifted. The final determination on when the Max will fly again remains in the hands of U.S. regulators, Boeing said in a statement Tuesday.