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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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Posted By TheNewsCommenter: From Npr.org: “For Boeing, Costs Of Grounding Jets Have Only Just Begun”. Below is an excerpt from the article.

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.

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