Boeing begins designing new jet to replace 737.

https://finance.yahoo.com/news/boeing-starts-working-737-max-011512495.html

(Reuters) -Boeing is in the early stages of developing a new single-aisle airplane that would eventually replace the 737 MAX, the Wall Street Journal reported on Monday, citing people familiar with the matter.

Reuters could not immediately confirm the report. Rolls-Royce declined to comment, while Boeing did not respond to a Reuters’ request for comment.

The 737 MAX entered service in 2017 but was grounded globally in 2019 after two fatal crashes killed 346 people. The incidents slashed Boeing’s profits and triggered lawsuits, investigations, and a criminal probe by the U.S. Department of Justice.

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