Boeing Co. Chief Executive Officer Kelly Ortberg said he’s optimistic the company can return to a closely watched production target for its all-important 737 airliner this year, a key milestone to turning a corner after reporting its the second-worst annual loss in its history.

Ryanair ( RYAAY) ( OTCPK:RYAOF) Chief Executive Michael O’Leary estimates that plane maker Boeing ( NYSE: BA) will be able to lift output of its 737 Max jetliners to 38 a month by the end of summer and possibly to 42 by October if aviation authorities approve, Reuters reported Monday.

Indian low-cost airline SpiceJet is to restore its grounded Boeing 737 MAX fleet to service after signing a crucial engine maintenance deal.

The smallest of these is the Boeing 737 MAX 7, which has yet to enter service and is still awaiting certification from the Federal Aviation Administration (FAA). The jet is designed to replace the earlier Boeing 737-700,

After being grounded for several months, the return of this aircraft is seen as a key step in SpiceJet’s ongoing efforts to restore its fleet and improve operations, the airline stated in a press release.

SpiceJet to re-induct its first Boeing 737 MAX aircraft on January 29, 2025, boosting its fleet and operational efficiency.

Boeing aims this year to hike 737 production to at least 38 jets monthly, and possibly as high as 42 if it receives permission to do so from the Federal Aviation Administration.

Boeing is seeking temporary regulatory exemptions for a stall-management yaw damper (SMYD) system on the 737 Max 7 and Max 10, saying a classification change left it unable to demonstrate that the systems meet airworthiness standards.

President Donald Trump's nominee to head the U.S. Transportation Department said he will keep in place a cap on production of Boeing 737 MAX planes put in place after a mid-air panel blowout last year until he is satisfied it can be safely raised.

The B737 MAX model forms the bulwark of SpiceJet’s plans for revival, which includes sorting out litigations against it, paying up where needed and getting fuel-efficient aircraft like the B737 MAX which will help it fly longer distances to high-demand destinations like Riyadh and Jeddah without any operational restrictions.

SpiceJet on January 28 announced that it is set to re-induct its first ungrounded Boeing 737 MAX aircraft into operations from January 29. The shares of the company rallied nearly 3 percent after the announcement. (This is a developing story. Come back later for more updates)

As part of its broader fleet restoration plan, SpiceJet intends to bring ten aircraft back into service by mid-April 2025. This includes four Boeing 737 MAX planes, with the newly re-inducted aircraft being the first of the batch. The airline is poised to gradually reintroduce more aircraft as part of its strategic push to enhance its fleet.