Boeing’s decision to halt production of the 737 MAX likely means a significant cash-flow hit for General Electric, the joint-venture maker of the jet’s engines
General Electric Co. will likely take a significant hit to its cash flow from Boeing Co.’s decision to halt production of the 737 MAX jetliner, which has already dented the conglomerate’s finances.
GE makes all of the MAX’s engines through a joint venture with France’s Safran SA. When Boeing in April cut monthly production of the plane to 42 from 52, it created a $400 million quarterly reduction in GE’s cash flow. The suspension of production Boeing announced Monday, if prolonged, could reduce cash flow by much more as analysts...
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