Airlines rethink 737 Max orders after crashes
March 14, 2019 - by By Bella Genga, Layan Odeh, and Pádraig Hoare for irishexaminer.com
Norwegian Air International, which flies Boeing's 737 Max to the US east coast from Irish airports, has no plans to abandon orders of the aircraft, even as the Ethiopian Airlines crash looks increasingly likely to hit the planemaker's $55bn (€49bn) global order book. VietJet Aviation, which doubled its order to 200 of the aircraft, priced at about $25bn, only last month, said it will decide on its future plans once the cause of the tragedy has been found, while Kenya Airways could switch to Airbus rival, A320.
That's as Indonesia's Lion Air firms up moves to drop a $22bn order for the 737, in favour of the Airbus jet, according to sources, while a $5.9bn order by Saudi carrier Flyadeal hangs in the balance.
Boeing, whose shares have lost 12% of their value this week, faces escalating financial risk, after two disasters in the past five months involving its newest narrow-body jet...