09:06 AM EDT, 04/04/2024 (MT Newswires) -- (Updates with Boeing's ( BA ) response in the third paragraph.)

Boeing ( BA ) 737 Max output dropped to as low as single digits in late March as quality checks by US regulators slowed down the assembly line, Reuters reported Wednesday, citing industry sources.

The jet maker set a production cap of 38 units a month following regulatory scrutiny after a blowout on a 737 Max jet in January, but the production rate has been well below this level in recent weeks, the report said.

Boeing ( BA ) declined MT Newswires' request for comment on the matter.

(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.)

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