Farnborough 2016 - Foto: Per Gram
Boeing Statement on 737 MAX Return to Service
CHICAGO, Jan. 21,
2020 /PRNewswire/
-- As we have emphasized, the FAA and other global regulators will determine
when the 737 MAX returns to service. However, in order to help our customers and
suppliers plan their operations, we periodically provide them with our best
estimate of when regulators will begin to authorize the ungrounding of the 737
MAX.
We are informing our customers and
suppliers that we are currently estimating that the ungrounding of the 737 MAX
will begin during mid-2020. This updated estimate is informed by our experience
to date with the certification process. It is subject to our ongoing attempts to
address known schedule risks and further developments that may arise in
connection with the certification process. It also accounts for the rigorous
scrutiny that regulatory authorities are rightly applying at every step of their
review of the 737 MAX's flight control system and the Joint Operations
Evaluation Board process which determines pilot training requirements.
Returning the MAX safely to service is
our number one priority, and we are confident that will happen. We acknowledge
and regret the continued difficulties that the grounding of the 737 MAX has
presented to our customers, our regulators, our suppliers, and the flying
public. We will provide additional information about our efforts to safely
return the 737 MAX to service in connection with our quarterly financial
disclosures next week.
Caution Concerning Forward-Looking
Statements
Certain statements in this release may be
"forward-looking" within the meaning of the Private Securities Litigation Reform
Act of 1995. Words such as "may," "should," "expects," "intends," "projects,"
"plans," "believes," "estimates," "targets," "anticipates," and similar
expressions generally identify these forward-looking statements. Examples of
forward-looking statements include statements relating to our future financial
condition and operating results, as well as any other statement that does not
directly relate to any historical or current fact. Forward-looking statements
are based on expectations and assumptions that we believe to be reasonable when
made, but that may not prove to be accurate. These statements are not guarantees
and are subject to risks, uncertainties, and changes in circumstances that are
difficult to predict. Many factors could cause actual results to differ
materially and adversely from these forward-looking statements, including the
timing and conditions surrounding the return to service of the 737 MAX fleet and
the resumption of 737 MAX production, general conditions in the economy and our
industry, including those due to regulatory changes, our reliance on our
commercial airline customers and our suppliers, and changes in our accounting
estimates, as well as the other important factors disclosed previously and from
time to time in our filings with the Securities and Exchange Commission. Any
forward-looking statement speaks only as of the date on which it is made, and we
assume no obligation to update or revise any forward-looking statement, whether
as a result of new information, future events, or otherwise, except as required
by law.
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