For Boeing, Costs Of Grounding Jets Have Only Just Begun
Added 03-13-19 07:06:02pm EST - “Regulators around the world have grounded hundreds of Boeing's 737 Max planes. The company faces potential hits to its bottom line and its reputation. Delivery delays could affect its suppliers, too.” - Npr.org
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A Norwegian Air Boeing 737 Max 8 is parked on the tarmac at Helsinki Airport on Wednesday after the airplane model was grounded in most of the world. Lehtikuva/Heikki Saukkomaa/Reuters hide caption
A Norwegian Air Boeing 737 Max 8 is parked on the tarmac at Helsinki Airport on Wednesday after the airplane model was grounded in most of the world.
With its fastest-selling plane grounded in the U.S. and around the world, Boeing faces potential hits to its bottom line as well as to its reputation. A lengthy delay could cut Boeing's revenues by billions, some analysts say.
On Wednesday, the United States followed Europe, China and other countries in grounding the Boeing 737 Max airplane after a plane crash in Ethiopia last weekend killed all 157 people on board.
Investigators are still working to determine exactly what went wrong, but this was the second 737 Max 8 to crash in nearly five months — a Lion Air crash killed 189 people off the coast of Indonesia in October. And there are similarities between the crashes which prompted the planes to be grounded.
"I would like to apologize to those customers who have been affected by the temporary grounding of our 737 MAX aircraft. Our customers are our main priority now," says Norwegian's CEO Bjørn Kjos. #flynorwegian pic.twitter.com/xZLmKTIa0A— Norwegian (@Fly_Norwegian) March 13, 2019
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