General Electric CEO does not expect 737 MAX to be in service this year

NEW YORK (Reuters) – General Electric Co (N:) is not planning for the Boeing Co (N:) 737 MAX jetliner to return to service this year, GE Chief Executive Officer Larry Culp said during an earnings phone conference on Wednesday.

Boeing has said it expects the jet to clear approval by U.S. regulators by year end. Global aviation regulators grounded the jet after a second fatal crash last March.

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