Trump urges Boeing to move fast to solve 737 MAX problems

The president of the United States, Donald Trump, speaks before signing the “phase one” of the trade agreement between the United States and China in the East Room of the White House in Washington, United States, on January 15, 2020. REUTERS / Kevin Lamarque

WASHINGTON (Reuters) – US President Donald Trump urged Boeing Co on Wednesday (PROHIBITION) to move quickly to solve problems with the 737 MAX, noting the significant impact of the aircraft manufacturer on the US economy. UU.

Trump referred to studies that suggested that the interruption of production of 737 MAX could reduce 0.5% of US gross domestic product. UU. This year.

“Start it up. Work together, ”Trump told Boeing chief financial officer Greg Smith at a White House event to sign the Phase 1 trade agreement with China. “We have to make it move fast and I think it will be better than ever.”

Boeing is stopping production this month of the plane that has been grounded since March after two fatal accidents that killed 346 people. Last week, Boeing’s largest supplier, Spirit AeroSystems Holdings Inc (SPR.N) He said he plans to lay off more than 20% of his workforce in Wichita, Kansas, as he deals with halted production and uncertainty about when the 737 MAX aircraft will be back in service.

Trump said he had no doubt that the new Boeing chief executive, David Calhoun, could change things.

“It’s not your fault. He just got there,” Trump said of Calhoun, a Boeing director during the last decade who became CEO on Monday.

“Will you fix it quickly, please?” Trump asked Calhoun.

The Federal Aviation Administration (FAA) is not expected to approve the return to MAX service until February at the earliest and perhaps not until March or later, Reuters reported.

On Sunday, US Treasury Secretary Steven Mnuchin told Fox News on Sunday that “there is no doubt that Boeing’s situation is going to slow GDP figures.” “Boeing is one of the largest exporters, and with 737 Max, I think it could affect GDP up to 50 basis points this year.”

Reports by Jeff Mason and David Shepardson; Written by Susan Heavey; Jonathan Oatis and David Gregorio edition

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