A little beacon of hope for the aviation industry was shown on Wednesday when the company announced it was resuming production of its 737 MAX planes at its Renton, Washington, factory, albeit at a "low rate."

It's an exciting moment for the company, which suffered two fatal 737 Max plane crashes last year, grounding its planes worldwide. The plane has slowly been building momentum back up, with airlines having placed orders with Boeing over the past few months.

"We’ve been on a continuous journey to evolve our production system and make it even stronger," said Walt Odisho, vice president and general manager of the 737 program. "These initiatives are the next step in creating the optimal build environment for the 737 MAX."

The company hasn't been sitting idly as it was waiting to resume production, the team has been busy creating new processes that will make production as seamless and smooth for its employees.

"The steps we’ve taken in the factory will help drive our goal of 100 percent quality for our customers while supporting our ongoing commitment to workplace safety," said Scott Stocker, vice president of 737 Manufacturing.

That said, the company's chief executive Dave Calhoun cautioned "But these signs of eventual recovery do not mean the global health and economic crisis is over. Our industry will come back but it will take some years to return to what it was just two months ago."