Boeing approved to increase 737 Max production, targeting 47 planes per month

According to Bloomberg, Boeing has completed the final review by the Federal Aviation Administration, clearing it to increase the production of 737 Max to 47 aircraft per month. CEO Kelly Ortberg stated on Wednesday at the Bernstein Strategic Decisions Conference that the company has begun to increase production and expects to reach a production rate of 47 units per month in the coming months.

Currently, the monthly production cap for the Boeing 737 Max is 42. The FAA had previously limited the model's monthly production to 38 in 2024 due to a near-disastrous incident that subsequently led to a massive turnover in Boeing's top ranks.

Increasing the production of 737 Max is a key step for Boeing to improve profitability and generate cash. The report says that accelerating production is crucial for Boeing to repay debts, improve its financial situation, and challenge Airbus's dominance in the single-aisle aircraft market.

Ortberg also talked about a recent trip to China, during which Boeing secured a purchase commitment for 200 aircraft. This marks China's first large-scale purchase of American-made commercial aircraft in nearly a decade. Although the order size was lower than what investors had expected, Ortberg referred to it as a "significant achievement."