The article you are referring to is likely reporting that Boeing, a major aircraft manufacturer, reported a loss of $425 million in the first quarter of the year. Despite this, the company plans to increase production of its 737 Max aircraft, which had previously been grounded due to safety concerns.
The 737 Max is an important product for Boeing, as it is one of its most popular and profitable aircraft models. However, the plane was involved in two deadly crashes in 2018 and 2019, which led to its grounding and a major investigation into the company’s safety practices.
Boeing has since made a number of changes to the 737 Max to address safety concerns and has been working to get the plane back into service. The company plans to gradually increase production of the aircraft over the next few years, with a goal of producing 31 planes per month by early 2022.
Despite the loss reported in the first quarter of the year, Boeing’s CEO has expressed optimism about the company’s future prospects. He has stated that the company is focused on delivering safe and reliable products to its customers and that he expects to see growth in the commercial aviation market in the coming years.
It is worth noting that the aviation industry has been heavily impacted by the COVID-19 pandemic, with many airlines reducing their orders for new aircraft due to decreased demand for air travel. This could have an impact on Boeing’s plans for increased production of the 737 Max, as the company may face challenges in finding customers for the planes.
