Boeing says it will temporarily suspend production of its 737 Max airliner in January.
The decision, made by Boeing’s board after a two-day meeting in Chicago, follows news last week that the Federal Aviation Administration (FAA) would not approve the plane’s return to service before 2020.
The 737 MAX has been grounded since March after two crashes in Indonesia and Ethiopia killed 346 people within five months, costing the plane manufacturer more than $9 billion so far.
Production of the jet had continued despite the model being grounded for nine months
The company says it would not lay off workers associated with the 737 Max, but the stoppage is likely to affect suppliers and the wider economy.