Boeing announced shortly after 22h00 GMT this evening that as expected, production would cease on the 737-Max in January 2020.

Grounded 737-MAX of Southwest

They have also said that no layoffs of furloughs are expected for the time being and that the cut in production would facilitate stored aircraft delivery. There are 400 such grounded aircraft.

Shares in Boeing were marked lower on Monday, falling by more than 4%.

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