Boeing suffers $ 3 billion in loss by keeping 737 MAX on the ground

Aircraft manufacturer Boeing suffered a loss of 2.94 billion dollars (more than 2.6 billion euros) in the second quarter, because the 737 MAX models are still on the ground. This is evident from the new quarterly figures of the company.


Aircraft manufacturer Boeing suffered a loss of 2.94 billion dollars (more than 2.6 billion euros) in the second quarter, because the 737 MAX models are still on the ground. This is evident from the new quarterly figures of the company.

Last year, the company made a $ 2.2 billion profit in the same period.

The red figures are partly due to a charge of 5 billion dollars, which includes a compensation that Boeing has to pay to airlines that wait a long time for new aircraft. The company has considerably reduced the production of the 737 MAX.

The company's sales fell further by 35 percent to $ 15.75 billion.

The new 777X model has also been delayed due to problems with the General Electric Co engine. According to the new estimate, the aircraft must be ready by the beginning of 2020.

The type of aircraft that is grounded is the builder's most popular type. Two 737 MAX models were involved in fatal aircraft crashes in Ethiopia and Indonesia, and the type has therefore been on the ground worldwide since mid-March. It is possible that the flight ban will only be lifted in 2020, it was recently announced.

ref: nunl

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