Boeing Co intends to restore 737 MAX jet production by 2025

Boeing co has set the year 2025 as the target to restore its best-selling 737 MAX production rates to that of 2019. The production was cut off, after it suffered two crashes and due to the pandemic.

Currently, Boeing is building 31 aircrafts per month. In June last year, Boeing increased the MAX production rate to 38. The company's now aims to build 42 MAXs by June 2024. Earlier, the company had announced that it would ramp up the production to about 50 by 2025 or 2026. However, a solid plan to the suppliers was not provided.

Boeing is suffering from production cut since 2019 after two 737 MAX crashed and the Covid-19 pandemic curtailed output. As per Reuters, if successful, the 52-production rate would mark the first time Boeing has manufactured the jet at that volume since 2019. This would also allow Boeing to defend a 40% market share of the narrowbody market. This is the lowest level required to maintain a duopoly as its European rival Airbus AIR.PA also increases single-aisle production.

Earlier in March, Reuters had also reported that Boeing's CEO Stan Deal has said that the production rate will be ramped up very soon. However, a key factor that can affect Boeing's plans is the supply chain health. The company is struggling to hire and train workers - a problem that has led to parts shortages.