Boeing to cut 737 Max aircraft production by nearly 20%

Only 42 aircraft to be made per month in bid to manage inventory after two fatal crashes

Boeing plans to cut its monthly 737 production by nearly 20% as it works to manage the grounding of its Max aircraft in the wake of two deadly crashes, Dennis Muilenburg, its chief executive, said on Friday.

Deliveries of Boeing’s best-selling aircraft were frozen after a global grounding of the narrow-body model following the crash of an Ethiopian Airlines jet on 10 March that killed all 157 people onboard.