Boeing Resumes Production of 737 MAX

Boeing (NYSE:BA) has resumed production of its best-selling 737 MAX jetliner after a seven-week strike that disrupted operations, according to a report from Reuters on Tuesday.

Production restarted last Friday, marking an important milestone for the heavily indebted aerospace giant as it aims to address a backlog of about 4,200 orders for the 737 MAX amid increasing global air travel demand.

This resumption follows a series of challenges for Boeing, including two fatal crashes, the COVID-19 pandemic, supply chain disruptions, and increased regulatory scrutiny.

In January, the Federal Aviation Administration (FAA) limited 737 MAX production to 38 planes per month following an incident where a door panel missing four key bolts detached mid-flight on an Alaska Airlines jet, raising ongoing safety concerns.

The FAA previously indicated that Boeing aimed to resume production later this month, but plans to scale up to 56 planes per month remain uncertain.

FAA Administrator Mike Whitaker stated to Reuters last week that the production cap would likely remain for several months before any adjustments are made.

While the resumption of production is a crucial step for Boeing's recovery, numerous challenges continue as the company works to regain operational stability and restore confidence in its manufacturing practices.