The challenges for Boeing (Ticker: BA) are well-documented. The crisis at Boeing is deepening after the planemaker halted production of a 737 line for the first time in two decades, as the grounding of its best-selling MAX jet drags into 2020. While Boeing doesn’t expect to lay off any production line workers at this time, the move could have repercussions across its global supply chain and the U.S. economy (until now 737 MAX jets were produced at a rate of 42/month). How long might the shutdown last? Boeing, whose shares are down 6% since the news, stressed this was up to the FAA.
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