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Boeing's 737 production cut hits its shares and those of suppliers

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Production will be cut to 42 airplanes per month from 52 starting in mid-April, the company said in a statement, without giving an end date. boeing

Investment bank Cowen said Boeing’s decision to cut the production of the 737 was the right thing to do. “The 737 rate cut to 42/month should help resolve the MAX crisis but with a large 2019 cash hit,” wrote Cowen in a note.

 

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