CFO Brian West said Boeing would produce fewer than the Maximum 38 737 aircraft allowed each month under a Federal Aviation Administration imposed limit
said on Wednesday it would burn more cash in the first quarter than previously expected and pushed back a company cash-flow goal as it constrains 737 production to improve quality amid a worsening crisis at the U.S. plane maker.
West added that Boeing’s cash burn in the first quarter will be somewhere between $4-billion and $4.5-billion, “higher than we originally planned back in January.” “It’s going to take us longer to get there than we planned,” West said, without elaborating further. “But we believe that the actions that we’re taking right now better position us for that long term.”
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