James PackardBoeing announced a first-quarter loss of more than $640 million Wednesday. It outlined a recovery that requires reducing production on all its passengers jets and cutting 10% of its workforce. But it also relies on restarting production on the 737 Max, a plane riddled with controversy and grounded for more than a year.
Boeing Is Banking Its Coronavirus Recovery On A Crisis-Causing Plane
The company said the cost of the pandemic will mean cutting 16,000 jobs and immediately scaling down production on all its passenger jets.
Boeing Is Banking Its Coronavirus Recovery On A Crisis-Causing Plane
AP
April 29, 2020
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