New Boeing CEO Dave Calhoun said the company will it retain its employees despite its move earlier this month of stalling production for its troubled 737 Max jets. The U.S. jet maker also seeks to revive production before the planes are recertified for service.

According to CNBC, Calhoun said he hopes the company will resume production of the 737 Max models before the Federal Aviation Administration (FAA) gives the green light for the jets' return to service. However, uncertainty remains regarding the matter.

On Tuesday, Boeing announced that it believes the recertification will come sometime mid-2020. The said estimate is a delay from the company's initial prediction of a first quarter 2020 return to flight.

Since the halt of production earlier this month, Boeing shares have been dropping, prompting fears of how the 737 Max crises will affect the American economy as whole. U.S. Treasury Secretary Steven Mnuchin chimed in on fears of a slump in the economy.

Mnuchin predicted that the American aircraft giant's problems regarding the grounding of its once famous jet could have a negative impact on economic growth this year.

Boeing's struggles added up over the past few weeks after the U.S. aircraft giant revealed to the public a series of internal emails that gave the masses an idea of how issues with the 737 Max started.

While the internal emails were self-incriminating, the company, under Calhoun's reign, said it is committed to transparency following the two crashes that shook the aircraft industry in October of 2018 and March of 2019.

CNN reported that Calhoun did not provide a specific date as to when production will begin. On the other hand, he did say that production for the jets would start on a slow pace, especially considering the current situation.

While some airlines are looking forward to getting their Boeing 737 Max fleets on the air by the first quarter of this year, others believe the jets won't fly again until sometime during the summer months.

Some industry experts argued that halting production for a long time could make it harder for Boeing to restart operations in the temporarily shut down production plant. There are also some suppliers who have experienced financial woes ever since the company halted production.

Calhoun has been very honest in his statements about the U.S. jet maker ever since he stepped into power following the ousting of former CEO Dennis Muilenburg. "We kept creating a bigger problem for ourselves. It was tough for anyone to trust us," he pointed out.

While Boeing said it has already fixed the glitch on the flight control system believed to have caused the two planes crashes, an issue was recently discovered on the plane's flight computers.

It remains to be seen whether the issue will be resolved in time for the recertification.