Key Boeing supplier Spirit Aerosystems told lenders this week that the aircraft manufacturer expects sharply lower deliveries of 737 Max planes in the coming years than previously expected, according to a person familiar with the matter.
Boeing’s bestselling aircraft has been grounded since March 2019 after two fatal crashes killed 346 people. The planes’ recertification has been hit by repeated delays and now faces a devastated aircraft market as airlines rethink their fleets while the coronavirus pandemic saps travel demand and their financial losses pile up. The Federal Aviation Administration is moving ahead with its tasks to approve the planes for flight again, but the planes aren’t expected to be cleared to fly before the fall.
Spirit, which makes fuselages for the 737 Max, was talking to lenders to loosen terms of some of its debt, according to the person familiar with the matter, who asked not to be named because the discussions are private.