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Indonesia will not approve the return of the Boeing Co 737 MAX to its skies until after aviation regulators in the United States, Europe, Brazil, Canada and China
Boeing failed to sell a single commercial airplane but saw orders for 108 planes canceled in April as a sharp drop in air travel erased any demand among airlines for new jetliners.
The aerospace giant suffered a $2.4 billion second-quarter loss, reflecting the hit from much lower commercial plane deliveries as airlines suspend purchases due to falling consumer demand.
The Boeing 737-500 plane with 62 people on board plunged into the Java Sea on Saturday, four minutes after taking off from Jakarta's main airport.
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.
An engine failure forced a Boeing 737 freighter with two crewmembers to make an emergency landing at sea off Honolulu on Friday, the US Federal Aviation Administration said.
The MAX has been grounded globally since March 13, 2019, following an Ethiopian Airlines crash that killed 157 people. That catastrophe came just a few months after a Lion Air MAX crash that killed 189 people.
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.
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.
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.