Boeing (BA) is looking to stabilize production of its 737 MAX airplanes at 38 units per month for the next few months, Reuters reported Wednesday, citing Doug Ackerman, Boeing's commercial airplanes vice president of quality.

For May, the airplane manufacturer is on track to manufacture approximately 38 planes, the report said citing two people familiar with the matter.

After a 737 airplane experienced a panel blowout incident in January 2024, the US Federal Aviation Administration restricted production at 38 airplanes per month, the report said.

Boeing's monthly production of 737 had been hovering around "the teens and the thirties", the report said.

Ackerman said the company would look to add a fourth production line once the output gets steady at the current levels, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 204.64, Change: -3.03, Percent Change: -1.46