Boeing Reportedly Finds Success Moving Inventory in Hot Travel Market

·1 min read
Boeing Reportedly Finds Success Moving Inventory in Hot Travel Market

A quicker-than-expected recovery in air traffic is helping to solve a thorny problem for Boeing (NYSE: BA), allowing the aerospace giant to clear out much of its inventory of planes that were manufactured without a buyer. A one-two punch of the Boeing 737 MAX being grounded in March 2019 following a pair of accidents and then the pandemic, which caused airlines to scale back flying, left Boeing with a glut of inventory. Boeing today has about 10 stored MAX aircraft in search of buyers, according to The Wall Street Journal, down from about 100 last July.