by Tyler Durden
Friday, May 21, 2021 - 10:20 AM
Industry insiders tell Reuters Boeing is preparing to increase the output of its 737 Max jets to as many as 42 per month in fall 2022.
Shares in Boeing jumped more than 3% on the news that the troubled planemaker could be entering recovery after its Max planes were grounded for more than 20 months, beginning in March 2019. Also, during that time, Max production was halted, orders were canceled, and deliveries slumped.
It wasn't until last May that Boeing partially resumed the production of Max. Right before the two fatal crashes of Max jets, killing 346 people, the planes were Boeing's fastest-selling model.