SEATTLE – In January Boeing will temporarily halt production of its troubled 737 Max aircraft, the aircraft manufacturer said. Production of the aircraft had continued despite of the aircraft type being grounded worldwide for 9 months after 2 fatal accidents. As a result Airlines must therefore cut their network and no new aircraft will be delivered for months, which means that 400 MAXs are now stored at the factory site.

The American aircraft manufacturer was hoping to fly with the MAX again this year, but that decision has now been postponed to 2020. As a result Boeing has decided to temporarily stop manufacturing new MAX aircraft.

According to Boeing there are no layoffs: the staff is deployed elsewhere within the company.

Boeing is suffering huge financial damage. Boeing’s stock price dropped 4.29 percent on Monday after the aircraft manufacturer announced the temporary shutdown of the 737 MAX production.

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(Head photo: Oleg V. Belyakov (CC BY-SA 3.0 GFDL 1.2))