Boeing Banks on 737 MAX Returning to the Skies

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Boeing BA is not giving up on the 737 MAX.

To the contrary, the Chicago-based company is planning on hitting the go button on production of the currently grounded jet, even as it continues to wait for regulators to give their blessing to allow the plane back in the air.

The Chicago-based aerospace company will resume production of its best-selling plane sometime before mid-year, Bloomberg News reported on Wednesday, citing Boeing  executives at the Singapore Air Show.

Boeing halted production of the 737 MAX in January, 10 months after the jet was grounded worldwide following two crashes that killed 346 people. Boeing failed to sell any commercial planes in January, the second month with no orders since the flying ban was imposed.

Boeing is seeking to hit just the right cruising altitude between avoiding a prolonged manufacturing halt that would strain its operations and put stress on jobs once it receives the nod from global regulators, and re-starting production too soon and risking churning out even more idle 737 MAX’s.

Meantime, Boeing is prepping to ramp up discussions with carriers on its new mid-market airplane known in industry lingo as NMA, following the MAX’s expected return to service.

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