Boeing (NYSE:BA) saw its stock climb 4% following CEO Kelly Ortberg’s announcement of an ambitious plan to scale up production of the company’s popular 737 MAX aircraft. The move signals renewed confidence in Boeing’s recovery efforts and manufacturing capabilities.

Burghley Capital highlights Boeing’s decisive move to increase the production rate of its flagship 737 MAX aircraft from 38 to 42 planes per month by mid-2025. This expansion aligns closely with investor expectations, reflected immediately by a 3.14% surge in Boeing’s share price to USD 207.86 following the announcement.

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Aerospace major Boeing will continue to invest in local manufacturing, co-production, co-development, skill building and innovation to strengthen India’s aerospace, defence, and commercial aviation ecosystem.

WASHINGTON (Reuters) -The acting head of the Federal Aviation Administration said he is not currently considering lifting a production cap of 38 planes per month on Boeing's 737 MAX imposed after a January 2024 mid-air emergency involving a new Alaska Airlines Boeing plane missing four key bolts.