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Boeing to suspend 737 MAX production in 2020

SEATTLE — Boeing confirmed it will suspend production in January of the 737 MAX, which has been grounded since March after two fatal accidents.

In a Monday afternoon announcement, the company has decided to temporarily suspend production on the 737 MAX assembly lines in Renton, Washington, according to

The company did not release a timetable for resuming production of the aircraft.

Boeing said that it will prioritize the delivery of stored 737 MAX as a result.

The company said it doesn’t expect any layoffs as a result of the production halt “at this time.” But layoffs could ripple through some of the 900 companies that supply parts for the plane.

Boeing’s stock came under pressure Monday after the Wall Street Journal reported on the possibility of a Max production halt. Boeing weighed the move after regulators U.S. regulators told it that its timetable for the return of the Max was unrealistic, the Journal reported.

Boeing 737 MAX 8 Planes Face Renewed Scrutiny After Second Crash In 5 Months RENTON, WA - MARCH 11: A Boeing 737 MAX 8 is pictured outside the factory on March 11, 2019 in Renton, Washington. Boeing's stock dropped today after an Ethiopian Airlines flight was the second deadly crash in six months involving the Boeing 737 Max 8, the newest version of its most popular jetliner. (Stephen Brashear/Getty Images)

The Associated Press contributed to this report.

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