Boeing continues to grapple with an electrical problem affecting some 737 Max airliners, and the setback is hurting the aircraft maker’s ability to deliver new planes.
The company said Tuesday that it delivered 17 planes in April, including just four Max jets. CEO David Calhoun had warned analysts that April deliveries would be “light” because of the Max problem.
The slow pace of deliveries hurts Boeing’s cash generation because airlines and other customers typically pay a large chunk of a plane’s purchase price upon delivery.
The Max, Boeing’s best-selling plane, was grounded for 20 months after two crashes that killed 346 people.
