Boeing Co. will up production of its 737 aircraft in an attempt to reduce its backlog of 3,400 jets.
Short-haul airlines like Southwest and Europe's Ryanair are fans of the planes. Currently, about 38 737s are made each month at Boeing's Renton, Washington, plant, but the company is hoping to get up to 42 planes each month in the first half of 2014. The company also hopes to go up to 47 per month in 2017.
The company will also start producing the 737 Max around that time, which will feature a new engine and other improvements to the regular 737.
Airbus is also increasing production of its competing A320 and is building a new assembly plant in Mobile, Alabama.
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