Yahoo Finance reporter Pras Subramanian details Boeing's final production line of 747 jets.
After 50 years in the sky, the ubiquitous Boeing 747 has reached the end of its runway.
WASHINGTON (Reuters) -U.S. lawmakers late on Tuesday declined to add an extension to an annual defense bill of a looming deadline that would impose a new safety standard for modern cockpit alerts for two new versions of Boeing's best-selling 737 MAX aircraft. The U.S. planemaker has been lobbying for months to convince lawmakers to waive the deadline that affects its MAX 7 and MAX 10 airplanes and was imposed by Congress in 2020 after two fatal 737 MAX crashes killed 346 people in Indonesia and Ethiopia. There is an slim chance the defense bill could be changed before final passage and Boeing is still attempting to convince lawmakers to attach the proposal to a bill that could be considered to fund U.S. government operations but sources briefed on the matter say the issue may slip into 2023.