Boeing plans to meet plane delivery target despite production issues

Boeing has said it expects to boost production of its 737 Max later this year and intends to meet its target for plane deliveries, as it sought to reassure investors despite recent production issues.

The aerospace manufacturer on Wednesday affirmed guidance it gave to investors last autumn, saying it would deliver between 400 and 450 737 Maxes this year while generating between $3bn and $5bn of free cash.