In a significant decision, the FAA has lifted the production cap on Boeing's 737 Max jets from 38 to 42 per month, reflecting improved confidence in the company's manufacturing safety. This comes after a safety incident raised concerns about the aircraft's reliability.
Boeing has received FAA approval to ramp up 737 Max production to 42 jets monthly, marking a significant turnaround for the company after years of challenges and scrutiny. This move comes as Boeing aims to stabilize and boost its output amidst past safety concerns.
Boeing is stabilizing under CEO Kelly Ortberg, with shares up over 30% this year. As production ramps up and financial losses decrease, analysts are optimistic about the future of the aerospace giant.
