Yes. I predicted this many months ago after looking at the flawed design. They will end up having to go back to the old 737 and just building it with new parts. Those Max planes will have to be write-offs for many many years.
Five or ten years ago, the smart money was getting the ^*(% out of Chicago with its debt and municipal corruption.... but Boeing was moving HQ from Seattle to Chicago.
At the time, the Obama regime was burying most companies in red tape and regulations, but Boeing was allowed to regulate themselves and certify the 737 Max as safe themselves.
Quid pro quo