Boeing halts 737 MAX deliveries due to electrical issues, shares fall

Boeing on Wednesday confirmed a halt on 737 MAX deliveries after electrical problems re-grounded part of the fleet, and voiced concerns over a surging pandemic in India and US-China political tensions. Reuters reported on April 16 that Boeing stopped delivering its cash cow single-aisle 737 MAX after the electrical grounding problem - months after the plane returned to service following a lengthy safety ban. The US FAA issued a new airworthiness directive Wednesday requiring a fix before the jets resume flight. The FAA said last week the issue impacts 109 airline planes worldwide but Boeing did not immediately say how many additional undelivered planes must be fixed.<br/>