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Boeing 737 Max is big headwind but banking on jet’s return 2020

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Technicians build LEAP engines for jetliners at a new, highly automated General Electric (GE) factory.

Alwyn Scott | Reuters

General Electric continues to burn cash at its aviation business, as the grounding of Boeing’s top-selling 737 Max caused GE to delay production of engines for the aircraft.

This year, GE has logged significant working capital losses from headwinds to its business, with Chief Financial Officer Jamie Miller telling shareholders on Wednesday “a big chunk of that is the 737 Max.” GE makes the LEAP engines used for the 737 Max, which has been grounded worldwide following two deadly crashes in the past year.

“We still expect this year to be impacted to the tune of about…



Source cnbc.com

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