There is a financial liquidity alarm for the US Boeing Group, specialized in the aerospace and defense sectors. The reason? The slowdown in the production of 737 Max family aircraft imposed by the American Federal Aviation Administration (FAA) due to the problems experienced by this plane model. Above all, the explosion of a door in flight on a 737 Max 9 of the Alaska Airlines company on January 5, 2024.

"We are deliberately slowing down to get it right. We are the ones who made the decision to limit the target of the 737 program and we will feel the impact in the coming months but are unable to make short-term predictions due to the work we are doing. carrying out on the group. We will be more precise, but it will take time", explained the Group's financial director, Brian West, recently during a press conference in London.

According to the manager's forecast, Boeing will burn more liquidity than estimated in January 2024 (1 billion dollars): there is now talk of losses of between 4 billion and 4.5 billion dollars in the first quarter of this year; analysts are more pessimistic: at least 5 billion dollars. The objectives that the Group had set itself this year are no longer achieved: above all, raising the monthly production target to 50 Max by 2025, which is instead stuck below 38 planes, as in 2023. 

In an attempt to stem the crisis after the problems that blocked the production of one of its most popular aircraft on the market, the 737 Max, Boeing is radically reorganizing the company: new safety standards; re-incorporation of Spirit Aerosystems; possible sale of some units of the Space and Defense division. The goal is to bring cash flow to 10 billion dollars as soon as possible.

On the same topic, see also the article published by AVIONEWS.