Continue Reading Below
People familiar with the matter told the Journal that Boeing management is increasingly seeing a production pause as the best option, according to the report. But cutting production would increase Boeing’s cost per plane, and could even potentially bring about job cuts and furloughs that would affect the industry beyond Boeing.
FOX Business has reached out to Boeing regarding the report.
The 737 MAX has been grounded worldwide since earlier this year when a second of the jets crashed in a matter of months. The grounding has caused mass disruptions across the travel industry, forcing airlines to cancel flights and reroute equipment.
The report came as Boeing’s board is meeting in the wake of discussions between company executives and Federal Aviation Administration officials last week. The FAA was reportedly doubtful that the jets could return to service in January as Boeing had estimated.
Boeing’s jetliner deliveries have dropped dramatically this year. Through November, the company delivered just 345 jets, a 51 percent decline compared to a year earlier.
The company has also pledged to pay $50 million to families of people killed in the 737 MAX crashes and set aside billions for production costs and customer compensation.