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American and European airlines say the grounding of the 737 Max has already cost them hundreds of millions of dollars and they are ready to commit Boeing to get compensation.
Southwest Airlines, which operates the world's largest fleet of 737 Max aircraft, said it lost $ 200 million in the first quarter due to cancellations caused by the grounding of the plane and government shutdown.
American Airlines, which canceled more than 15,000 flights in August, estimates that the grounding will cost him $ 350 million, the BBC reported. American has 24 Boeing 737 Max 8s in his fleet, compared to 34 on the Southwest.
Norwegian estimated that "uncertainty" on the plane and its return to the sky would cost up to 500 million Norwegian kroner, or $ 58 million. Norwegian operated 18,737 Max before they were grounded and ordered a total of 110.
Read more: These 12 airlines have the most Boeing 737 Max aircraft in their fleet
The German Tui Airways told the Financial Times that the immobilization of the plane would cost him about 3 million euros, or $ 3.4 million a week. The airline, which operates 15 737 Max aircraft, also said in March that it could reach 300 million euros if the planes were still immobilized by September.
The 737 Max has broken down worldwide since the crash of a deadly Ethiopian Airlines crash in March – just five months after the crash of a deadly Lion Air crash involving the plane. Nearly 350 people were killed in accidents.
The aircraft will remain locked up until the US Federal Aviation Administration and its equivalent regulatory agencies worldwide approve Boeing's updated software systems for the aircraft.
Accidents and subsequent strandings have already had a major financial impact on Boeing. The company said it had already lost $ 1 billion since the 737 Max crisis and that it could not estimate how much the repercussions on its profits could worsen this year.
Boeing also faces numerous lawsuits and issues as part of its certification processes, as well as as part of federal investigations and reports of failed plant processes.
Read more: The nightmare year of Boeing has just worsened, while profits fall after 2 horrific accidents of 737 Max that have immobilized the plane around the world
Boeing has promised to "win and win again" public confidence and has promised to make "the plane" one of the safest planes to date, when it is certified to fly again.
Airlines seek compensation from Boeing
A person informed about the compensation process told the Financial Times that Boeing would probably not give the airlines "a bunch of money" to offset the effects of the grounding of the plane .
The person stated that, in the past, Boeing had offered compensation in the form of discounts on future orders or agreeing to postpone orders.
Gerald Khoo, a transport analyst at the Liberum investment bank, told the FT that different airlines wanted different forms of compensation and that Boeing wanted to "keep things as confidential as possible".
Read more:Boeing's CEO promises that the 737 Max at the stop will be "one of the safest planes to date," after two fatal accidents in five months
Bjorn Kjos, chief executive of Norway, said the airline had had "productive meetings" with Boeing. He added that they had discussed "how we can maneuver to overcome the difficulties caused by Max's situation in Norway."
In the days following the crash of Ethiopian Airlines, Norwegian told Reuters that it would seek Boeing's compensation, stating in an email statement: "We expect Boeing to take this bill."
Gary Kelly, chief executive of Southwest, said the airline would talk to Boeing "privately" about "its trade agreements or its contractual agreements," according to the FT.
Doug Parker, chief executive of American Airlines, told analysts on Friday that he had not yet spoken to Boeing about the issue of compensation because he was focused on the aircraft's recovery and recertification, reported the Financial Times.
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