Boeing CEO David Calhoun has revealed that the manufacturer intends to resume production for the 737 MAX.

In a recent interview with Fox Business News, Mr. Calhoun expressed confidence that production in Seattle will resume this month.

Almost all 737 MAX aircraft have been grounded since March 2019, following two fatal accidents involving the MAX-8 variant in Indonesia and Ethiopia.

Boeing suspended 737 MAX production in January, due to a backlog of over 450 undelivered aircraft, sitting idle in storage, according to Business Insider.

Picture: Flickr/Alan Wilson

Between April 2019 and January 2020 Boeing was producing 737 MAX aircraft, at a rate of 42 per month.

Once production resumes Boeing will gradually increase the rate of production, to 31 per month by 2021.

737 MAX order cancellations mounted during Q1 of 2020, with 191 aircraft orders being cancelled between January and March.

Boeing reported losses of $641 million in Q1. The manufacturer has detailed plans to lay-off 15% of their commercial aviation workforce.

Article Sources: Business Insider and Reuters. Feature Image: Flickr/Liam Allport