Boeing cuts production of its troubled 737 MAX airliner, underscoring the growing financial risk it faces the longer that its best-selling plane remains grounded after two deadly crashes.
Boeing's newest version of its most popular plane, the 737 MAX, is again in the spotlight after another deadly crash minutes after take-off.
Boeing also announced it is creating a special board committee to review airplane design and development. The announcement to cut production comes after Boeing acknowledged that a second software issue has emerged that needs fixing on the MAX — a discovery that explained why the aircraft maker had pushed back its ambitious schedule for getting the planes back in the air.
A Boeing spokesman called it a"relatively minor issue" and said the plane maker already had a fix in the works. He said the latest issue was not part of flight-control software called MCAS that Boeing has been working to upgrade since the first crash.Chairman and chief executive Dennis Muilenburg described the production cut as temporary and a response to the suspension of MAX deliveries.
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