Boeing Burns More Cash Than Expected as It Limits 737 Production

The U.S. airlinemaker will need more time to hit a crucial economic goal in the coming years as a result of Boeing’s MAX health crisis, according to its finance chief on Wednesday.
Following a mid-air screen blowout on a 737 MAX 9 on January 5 that has exposed it to U.S. regulators and upset airlines who are already dealing with delivery delays from both Boeing and Airbus, the company is trying to control safety issues.
CFO Brian West stated at a Bank of America conference that Boeing’s cash burn will be somewhere between$ 4 billion and$ 4.5 billion, which is higher than what they had anticipated in January.

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