Boeing Co said that it would give $100 million over multiple years to local governments and non-profit organisations to help families and communities affected by the deadly crashes of its 737 MAX planes in Indonesia and Ethiopia.
Boeing Co will take until at least September to fix a newly identified problem on its grounded 737 MAX, a company official told Reuters, meaning the workhorse jet’s return to service will be delayed until October at the earliest,
Once global regulators clear Boeing Co’s 737 MAX to fly again after deadly crashes, airlines, which have put their fleets into mechanical hibernation since March will scramble to begin the biggest ungrounding effort in history. Quickly reintegrating Boeing’s 737 MAX, a fast-selling model because of its fuel efficiency,
Boeing Co said on Wednesday it will dedicate half of a $100 million fund it created after two crashes of its 737 MAX planes to provide payments to families of those killed, with compensation expert Ken Feinberg hired by the world’s largest plane maker to oversee the distribution.
The Chicago-based company said some of the money will go toward living expenses and to cover hardship suffered by the families of passengers killed in the crashes.
Delta Air Lines sees the momentum behind 6.5% quarterly revenue growth continuing throughout the year, Chief Executive Ed Bastian said, citing strong domestic demand that drove an increase in its full-year profit forecast.
Boeing Co posted its largest-ever quarterly loss due to the spiraling cost of resolving issues with its 737 MAX, warning it may have to shut production of the grounded jet completely if it runs into new hurdles with global regulators getting its best-selling aircraft back in the air.
A Boeing jetliner with 143 people aboard from the US outpost at Guantanamo Bay, Cuba, slid off a runway into a shallow river in Jacksonville, Florida, on Friday
The company did not indicate when it first became aware of the problem, and whether it informed regulators.
The UAE’s General Civil Aviation Authority (GCAA), has said that it "would not be able to give a date of unbanning" operations of any Boeing 737-8 Max aircraft "until it has enough information to ensure passengers safety is protected."