Boeing says worldwide groundings of 737 Max jets costs US$1-billion in first quarter

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Boeing says worldwide groundings of 737 Max jets costs US$1-billion in first quarter GlobeBusiness

An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Wash., on March 21, 2019.Boeing Co. says the worldwide grounding and halted deliveries of its 737 Max passenger jets after two fatal crashes that killed 346 people cost it US$1-billion in the first quarter.

Pilots from most of the 50 airlines that fly the 737 Max have tested the new software in simulated flights, and their feedback has been “excellent,” Mr. Muilenburg said on Wednesday on a conference call held to discuss the quarterly financial results. Regulators grounded Boeing’s global fleet of about 370 Max planes after two fatal crashes of the new models in five months. In October, 189 people died when a Lion Air 737 Max crashed into the Java Sea 12 minutes after takeoff. In March, an Ethiopian Airlines 737 Max crashed shortly after taking off and killed 157 people.

The 737 Max is an updated version of a plane that has been a mainstay of passenger travel since it first flew in the late 1960s. The single-aisle, narrow-body plane was fitted with larger, more fuel-efficient engines to compete with aircraft made by European rival Airbus. The 737 Max, which has four different versions, quickly became a bestseller for Boeing, which said it has a backlog of 4,400 orders.

 

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globebusiness KARMA

globebusiness Good. Hoping it costs Boeing MANY times more

globebusiness The Sri Lanka terrorist attacks killed less then two Boeing airplanes. All apparently avoidable and because of greed. Not feeling sorry for Boeing.

globebusiness Good.

globebusiness Crappy planes

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