Boeing (NYSE:BA) saw its stock climb 4% following CEO Kelly Ortberg’s announcement of an ambitious plan to scale up production of the company’s popular 737 MAX aircraft. The move signals renewed confidence in Boeing’s recovery efforts and manufacturing capabilities.

The plan to increase production represents a significant ... another move that could contribute to Boeing’s overall growth strategy.

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WASHINGTON (Reuters) -The acting head of the Federal Aviation Administration said he is not currently considering lifting a production cap of 38 planes per month on Boeing's 737 MAX imposed after a January 2024 mid-air emergency involving a new Alaska Airlines Boeing plane missing four key bolts.

Aerospace major Boeing will continue to invest in local manufacturing, co-production, co-development, skill building and innovation to strengthen India’s aerospace, defence, and commercial aviation ecosystem.