Boeing crisis: 737 Max Production halt
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Boeing said Monday that it told suppliers to halt shipments of 737 Max parts for a month starting in January, providing new visibility into how the worldwide grounding of the bestselling plane continues to ripple through the supply chain.
The announcement came just hours after news that Boeing ousted its former CEO Dennis Muilenburg as the company struggles to regain the trust of regulators, airline customers and the flying public in the wake of two fatal crashes in a span of five months that killed 346 people.
Boeing last week said the protracted crisis has forced it to temporarily shut down production of the 737 Max, starting next month. Regulators have repeatedly said they have no firm timeline to allow the planes to fly again.