Boeing on Wednesday confirmed a halt on 737 MAX deliveries after electrical problems re-grounded part of the fleet.
Boeing has paused 737 MAX deliveries to address the electrical issues, and expects to “catch up on deliveries over the balance of the year”, said Chief Executive Dave Calhoun told analysts on a conference call, Reuters reported.
But Calhoun said he could not predict when the 737 MAX’s electrical grounding issue would be resolved.
He also said he expects China to lift its grounding order on the 737 MAX in the second half of 2021.
The barrage of technical and financial challenges clouded optimism over a resurgent U.S. domestic travel market fueled by vaccinations and pent up demand.