The cost of the Boeing 737 Max crisis: $18.7 billion and counting
Click Like to Follow Fliegerfaust Facebook page to get the News ASAP / Share to share this post now.
March 12, 2020 - by Chris Isidore, for cnn.com
New York (CNN Business) - Problems with the Boeing 737 Max took the lives of 346 people. They have cost the aircraft maker at least $18.7 billion. And on Tuesday's anniversary of the jet's second fatal crash, it is becoming apparent that the price tag could go significantly higher.
Boeing insists it is on course to get approval for the plane to fly passengers by the middle of this year. The estimated cost of the crisis, which Boeing (BA) spelled out for investors in January, includes $8.3 billion in compensation to the company's airline customers, and $6.3 billion in increased costs to build the jet.Boeing reduced its production rate when the Federal Aviation Administration grounded the planes a year ago, after the second of two fatal crashes.
It halted of construction altogether in January.
The company said it expects to...