Boeing to stop production of 737 Max airliners

The company has nearly 400 jets stored and had expected to return the fleet to service by the end of the year after the 737 Max was involved in two crashes that killed nearly 350 people.
1:33 | 12/17/19

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Transcript for Boeing to stop production of 737 Max airliners
breaking news on another front tonight. Boeing just announcing it will suspend production of its 737 max jets indefinitely. Every one of those jets grounded in March after two deadly and tonight, what effect will this decision now have on thousands of workers and on the U.S. Economy? ABC's David Kerley covers aviation. Reporter: It's never happened before -- Boeing's remarkable move tonight to shut down the production line of the max, as the fleet of the latest 737 remains grounded. And no set date for a return to service. The u.s.'s largest exporter already has nearly 400 jets stored and expected to return that jet to service by the end of this year, but the FAA has made it clear, that won't happen. The regulator wants to learn more about the changes Boeing has made to the max's software after those two crashes, which killed nearly 350 people. Just days ago, congress revealed an FAA document that there could have been 15 more fatal crashes if the problem was not addressed. Boeing says it's made those fixes, but the line will be shut down in January. And David Kerley with us live tonight from Washington on this breaking headline. And David, we know there are 12,000 Boeing employees who work on this 737, the max jets. So, what is going to happen to them? Reporter: Boeing says it does not have planning to furlough or lay off any of those workers. They'll be reassigned to other lines or work on 737 programs, at least for now, David. Because we don't know how long this shutdown is going to last. David? All of this amid the concern for several months now. David, thank you.

This transcript has been automatically generated and may not be 100% accurate.

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