WASHINGTON, DC — Boeing is considering halting production of the 737 MAX aircraft after being grounded for more than nine months.
FAA Chief Steve Dickson said last week that the 737 MAX will likely not return to service until sometime in 2020.
Boeing's board held a meeting in Chicago over the weekend where they are expected to make a decision about future production of the aircraft.
Amid the news of a potential halt, Boeing is taking a hit on Wall Street. Shares in the aerospace giant fell four percent on the heels of a Wall Street Journal report that said the company was nearing a decision to possibly cut or stop production of the jetliner entirely.
Back at Boeing headquarters in Washington, Boeing employees in Renton are facing possible furlough as the 737 MAX aircraft remains grounded.
Assembly lines for the jet would likely remain closed until the FAA approves its return to the skies.
Boeing CEO Dennis Muilenburg warned in July that the company may halt production if the MAX fleet continues to face any further delays.
All planes in the fleet were grounded more than nine months ago after two deadly crashes in Indonesia and Ethiopia that left 346 people dead.