Boeing Co announced on Monday that it will
suspend production of the 737 Max in January next year.
Boeing’s board made the decision
after a two-day meeting in Chicago Antiques
and said it would not lay off workers during the suspension.
Ultimately, Boeing has been producing
737 Max jets at a rate of 42 aircraft per month,
but delivery has been frozen.
Boeing shares fell 4% at the close on Monday.
Canada’s largest airline,
Air Canada, has 24 737 Max aircraft,
and Air Canada has announced that it will extend
the grounding period for this prototype until February next year.
The Boeing 737 Max
has been grounded worldwide since mid-March this year.
The sample involved two air crashes in five months,
first a crash on an Indonesian flight in October 2018,
and then a crash in Ethiopia in March 2019,
killing a total of 346 people.