BLITZER: There's breaking news tonight. Boeing announcing it's suspending production of its troubled 737 MAX airplanes which have been grounded following two deadly crashes that killed more than 300 people. Our Aviation Correspondent, Rene Marsh, is working the story for us. Really, this is a pretty drastic step by Boeing.</s>RENE MARSH, CNN AVIATION CORRESPONDENT: It really is. And you know what, they were pretty much forced into making this very tough decision again Boeing announcing that they're going to temporarily halt the 737 MAX aircraft which has been troubled since it was grounded in March after those two deadly plane crashes. But it is quite drastic because Boeing has been very positive, almost bullish saying that they strongly believe that the FAA was going to clear this plane to fly by the end of the year, around this month. And that simply hasn't happened. But really, the fuel to this announcement today is that Boeing had a face-to-face with the FAA and the FAA made it very clear that they're working on their own timeline, not Boeing's timeline and this plane would not get the green light to fly again in 2019. This would stretch into 2020. So, Boeing found they're backed up against the wall. They had been continuing to build new planes even as this grounding was taking place. They say they have some 400 aircraft in storage. So, if this going to be stretching into 2020, the question becomes, where do you store all these planes? So, they really had no choice, Wolf, other than to say they would temporarily halt the plane's production. But it is worth pointing out, this has cost Boeing billions and the airlines hundreds of billions of dollars.</s>BLITZER: Yes, huge developments.</s>MARSH: Yes.</s>BLITZER: All right. Rene, thank you very much. Much more news right after this.
Boeing Suspends 737 MAX Production