FIRST AIRED: April 6, 2019

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program
0:00
0:00
More Info

COMING UP:Share Opener Variant 2

×

Transcript

00:00:00
Boeing's bestselling aircraft is having its wings clipped in the wake of two deadly crashes the manufacturer plans to cut monthly production of the seven three seven Max but nearly twenty percent deliveries are already on hold and about three hundred and seventy of the aircraft are grounded globally this points to signs Boeing does not expect to fly again anytime soon this latest announcement will see monthly production slash from fifty two planes to forty two starting mid April with no confirmed and date but the company says workers won't lose their jobs Boeing has admitted shortcomings after investigators found striking similarities between the downing of an Ethiopian airlines jet and the line air crash in Indonesia last year one hundred and fifty seven and one hundred and eighty nine people were killed respectively in a statement it's C. E. O. said the company will continue to make progress on a software update to prevent further accidents we're taking a comprehensive disciplined approach and taking the time to get the software update right , we're nearing completion and anticipate it certification and implementation on the seven thirty seven MAX fleet worldwide in the weeks ahead on Friday shares in Boeing fell around two percent after markets closed well shares and its parent company spirit aerosystems holdings fell by three point five percent and according to sources familiar with the matter the company now faces logistical problems as well it's running out of space to park the planes which could be grounded for at least two months