Boeing's production pause will not end 737 Max cash burn: Analysts

Boeing is expected to continue burning cash despite pausing production of its 737 MAX jet, as it will leave its workforce intact and likely provide support to suppliers, analysts said. Some estimated the cash burn at around US$1b a month. The airframer said Monday it would suspend production in January, its biggest assembly-line halt in more than 20 years, as repercussions from 2 deadly crashes of the now-grounded aircraft drag into 2020. Boeing, which builds the 737 south of Seattle, said it would not lay off any of the roughly 12,000 employees there during the production freeze. The worldwide grounding in March forced the company to cut its MAX production to 42 per month from 52 and has already cost more than $9b so far. <br/>