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Boeing halts deliveries on 737 MAX due to electrical issues

Boeing on Wednesday confirmed a halt on 737 MAX deliveries after electrical problems re-grounded part of the fleet.
 
The company also voiced concerns over a surging pandemic in India and U.S.-China political tensions.
 
Boeing stopped delivering its cash cow single-aisle 737 MAX on April 16 after the electrical grounding problem - months after the plane returned to service following a lengthy safety ban. read more
 
Boeing's shares fell nearly 2.6% after the U.S. planemaker reported its sixth straight quarterly loss and a charge on its high-profile Air Force One presidential jet program.
 
The barrage of technical and financial challenges clouded optimism over a resurgent U.S. domestic travel market fueled by vaccinations and pent up demand.


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