Boeing CEO says the flight ban for 737 Max is close to the end
Dave Calhoun, Boeing Chairman.
Adam Jeffery | CNBC
Dave Calhoun, Boeing CEO, said on Wednesday the company was nearing the finish line by the end of the global landing of its 737 Max aircraft, which has not flown passengers since March 2019 after two fatal crashes.
Boeing announced in July that regulators would sign off the aircraft in the fourth quarter. One of the largest US customers, American Airlines, has the jet on its schedule for several flights at the end of the year, but other customers do not expect a flight until next year.
Regulators are at the end of their review of the aircraft, but have not yet officially signed off. Once that happens, airlines will have to train 737 pilots. This process is expected to include computerized training and aircraft simulator sessions.
"The Max cost us a lot of money and we had to improve the stake in terms of liquidity to make up for the fact that we couldn't ship the world's most popular plane," Calhoun told CNBC in an interview.
The ban has prevented Boeing from shipping the planes and destroyed its sales as manufacturers receive the majority of the aircraft cost upon delivery.