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12/16/2019, 10:34 PM (Source: TeleTrader)
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Boeing to suspend 737 MAX production in January

The Boeing Company confirmed it will temporarily suspend the production of its 737 MAX airplane in January.

The decision confirms earlier media speculation the aerospace giant would stop or cut the production of its problematic plane due to a longer-than-expected reapproval process.

Boeing said it will not fire or furlough any workers amid the production halt.

The company's shares were down over 1% in the after-hours trading following the announcement.

Breaking the News / MD