The jets have been grounded for nine months following two deadly crashes, but Boeing had been hoping to have its 737 Max planes back in the sky by the end of the year. Instead, production will cease at its Washington state plant next month — though the company maintains the 12,000 jobs there are safe and the move is only temporary. Still, the $5.6 billion Boeing earmarked to compensate airlines may not be enough.
Will the 737 Max take flight again? No restart date has been announced, but company officials hope to get Federal Aviation Administration clearance for 700 existing jets by mid-February.
OZY investigates Boeing’s future.