The 737 MAX Crisis Could Destroy Boeing's Plans For The 797...
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August 16, 2019 - by Chris Isidore for cnn.com
Problems with Boeing's 737 Max killed 346 people. The plane's grounding has cost the company billions of dollars and caused problems for airlines around the globe.
Before the crisis, the aviation industry expected Boeing would go ahead with plans for the plane. Now several experts say the chances are about 50-50, at best."I gave a presentation in January where I said it was about a 65% chance," said Richard Aboulafia, aerospace analyst with the Teal Group. "Now it's still in our forecasts, but it's hanging by a thread."
Boeing says it continues to work on plans for the potential plane, even in the face of the 737 Max crisis, which began in the wake of two crashes in the last 10 months — a Lion Air jet last October and Ethiopian Airlines in March.Boeing (BA) says it continues to work on plans for the potential plane, even in the face of the 737 Max crisis."
The Max has been our priority and we prioritize resources and people that focus on the Max," said Dennis Muilenburg, Boeing's CEO, at an investor conference last week hosted by Jefferies. "But we do have a dedicated team that's continuing to work .. . the potential middle of the market airplane."
What is the 797?
The 797 would be a long-range jet that could seat about 250 passengers — more than a current single-aisle jet like the 737 Max, but less than a typical widebody jet like the 787 Dreamliner, which can...