Boeing cuts 737 production by 10 planes per month

The aerospace giant says it will cut production from 52 to 42 planes a month as investigations continue into the two crashes that have grounded the 737 Max globally.

The exterior of Boeing's 737 assembly factory in Renton, Washington. Source: AAP

Boeing has announced it will cut the production schedule of its 737 aircraft line following the two recent crashes that have seen the 737 MAX grounded worldwide.

The aerospace giant plans to trim production to 42 planes per month, down from 52 per month, starting in mid-April. Boeing shares tumbled after the disclosure, which was released just after the closing bell on Wall Street.