Boeing's CEO has moved to reaffirm that the company will not suffer financial fallout from the grounding of its 737 Max jets.
CEO Dennis Muilenberg has stated that uptake would not slow the world’s largest planemaker's appetite for deals in the higher-margin aircraft services sector (aircraft parts, maintenance and analytics).
Muilenberg claimed that the company plans to expand the services business to $50 billion in revenue in a decade from its 2018 revenue of about $17 billion.
He commented: "We have the financial capacity to manage the Max situation and continue to make our investments for the future.
"Our ability to do those continues to be strong. We still anticipate getting the (737 Max) return-to-service early in the fourth quarter.
"We are making progress on that schedule."
Boeing's 737 Max was grounded in March after two deadly crashes, which killed a total of 346 people.
The company is working on a fix for software at the centre of both crashes and is aiming to get the jet back in the air as soon as October.
Boeing recently hired hundreds of temporary workers to assist with aircraft maintenance and customer delivery preparations of grounded 737 Max jets at Grant County International Airport in Washington State.