Alva Review-Courier -

Spirit churns out fuselages despite 737 Max grounding

 

October 4, 2019



WICHITA, Kan. (AP) — Aircraft parts maker Spirit AeroSystems has seen its stock price decline by 20% since the Boeing 737 Max jet was grounded but continues to churn out fuselages in anticipation of a rebound when the plane returns to the sky.

Spirit’s president and CEO Tom Gentile said Thursday that the Wichita-based company is building 52 fuselages a month, although Boeing reduced its production to 42 completed planes per month after two deadly crashes, reported The Wichita Eagle.

“What we agreed with Boeing was that we would stay at 52, because for us to go down, it meant that it w...



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