Boeing 737 Max production halted until grounded jet deemed safe to fly

Posted on AllSides December 16th, 2019
From The Left

Boeing suspended production of its troubled 737 Max airplanes Monday, a halt that likely will escalate the financial troubles of the U.S.' largest manufacturing exporter.

Shares of Boeing fell more than 4% on Monday, before the aerospace company confirmed the manufacturing suspension at 5 p.m. ET. Boeing has lost more than $54 billion in stock market value since March, when the second of two fatal 737 Max crashes occurred. A total of 346 people died in the two disasters.

The production halt won't start until January, Boeing said Monday. The...

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