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At the time of the recertification by the FAA in November 2020, Boeing's net orders for the 737 MAX were down by more than 1,000 aircraft, [7] 448 orders canceled and 782 orders removed from the backlog because they are no longer certain enough to rely on; the total estimated direct costs of the MAX groundings were US$20 billion and indirect ...
737 MAX aircraft parked at Grant County International Airport in October 2019. Following its intention to suspend production in December 2019, Boeing estimated an additional cost of $6.3 billion to deliver the 737 MAX program [4] and a subsequent reduction in the program's anticipated profit margin. [5]
The Boeing 737 MAX airliner, which began service in 2017, was involved in two fatal accidents, Lion Air Flight 610 on October 29, 2018, and Ethiopian Airlines Flight 302 on March 10, 2019, that resulted from a malfunction of the aircraft's new flight stabilizing software, [1] the Maneuvering Characteristics Augmentation System (MCAS).
Boeing Co.'s specially modified jumbo jet for carrying oversize structures of the 787 Dreamliner to assembly plants in Washington and South Carolina is called the Dreamlifter. The past 18 months ...
The FAA flags more potential safety issues on Boeing’s 737 Max and 787 Dreamliner. Gregory Wallace and Chris Isidore, CNN. March 1, 2024 at 5:27 PM. ... The Boeing Max — at the time, only ...
SEATTLE -Boeing restarted production of its best-selling 737 MAX jetliner last week, about a month after the end of a seven-week strike by 33,000 factory workers, according to three sources ...
Qatar Airways also cancelled all of their Boeing 737 MAX orders as the airline's Italian subsidiary, Air Italy (which Qatar has 49% ownership in) announced that it will be entering liquidation and cease all operations due to the pandemic. Most of the now-cancelled Qatar Airways Boeing 737 MAX orders were intended to be delivered to Air Italy.
CNBC's Jim Cramer gave his first take on the markets Wednesday morning and discussed vaccine companies and the news of the 737 Max.Cramer on Vaccines: Cramer discussed companies in the COVID-19 ...