Boeing is said to restart 737 Max factory production weeks after strike ends
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2 weeks ago
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Boeing (NYSE:BA) this month resumed factory production of its best-selling 737 Max jet, Reuters reported Tuesday, citing sources familiar with the matter.
Work on the plane started on Friday, about a month after a seven-week strike ended. About 33,000 machinists had walked off the job as their union hammered out a new labor contract with Boeing’s (BA) management.
The 737 Max is a major source of cash flow for Boeing (BA), whose debt has grown amid disruptions from the pandemic, concerns about plane safety and the recent strike.
Boeing (BA) has a backlog of 4,200 orders for the 737 Max from airlines that are working to keep up with rebounding demand for air travel since the end of the pandemic.
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