March 20 (Reuters) - Boeing ( BA ) has decided to keep
737 jet production below 38 per month and will only accept a
fully conforming fuselage from supplier Spirit AeroSystems ( SPR )
, CFO Brian West told analysts on Wednesday.
Shares of the planemaker fell 2.8% in premarket trading.
Manufacturing quality at both Boeing ( BA ) and the supplier are
facing increased scrutiny following a Jan. 5 incident in which a
door plug blew off a 737 Max 9 plane mid-flight.
West told a Bank of America conference that the
company's cash burn in the first quarter will be somewhere
between $4 billion and $4.5 billion, "higher than we originally
planned back in January."
The cash burn is due to a combination of lower
deliveries, lower volume at its commercial division along with
some working capital pressures.
(Reporting By Abhijith Ganaparavam in Bengaluru and Allison
Lampert in Montreal; Editing by Anil D'Silva)