"737 Max" Boeing suffered the biggest loss in history



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Economy

Al Ain News Khaled Mousi Al Omrani

Wednesday, 2019/7/24 11:32 pm Abu Dhabi time

Crisis 737 Max .. hits the world's largest aircraft manufacturer

Crisis 737 Max .. hits the world's largest aircraft manufacturer

The "737 Max" has become a nightmare for the world's largest aerospace industry, Boeing, causing the biggest loss in its history in just three months.

Boeing recorded Wednesday its biggest quarterly loss of nearly $ 3 billion. The company was suspended longer than expected for its bestseller of 737 meters.

The planes have been waiting since mid-March. Two incidents left 346 dead.

The world's largest aircraft manufacturer unveiled a new backlog in the 777X wide-body program, while problems with the GE engine delayed the first takeoff until 2020, while Boeing cautioned against new potential delays.

"The company plans to further reduce the production of the 737 Max," said Dennis Mullenberg, chief executive of Boeing, during a conference call after quarterly earnings announcement.

Boeing reduced its number of best-selling favorite planes by 52% by 20% in April, 42, 42 weeks later, several weeks after its global closure following two fatal accidents.

Boeing will record a $ 1.7 billion increase in "737 meter" expenses related to a 52 to 42 tonne drop in production since the aircraft shutdown.

The total cost of the 737-megapixel crisis exceeded $ 8 billion, after Boeing announced $ 4.9 billion in spending last week, including airline compensation for late delivery.

Boeing revealed last week that the number of planes delivered in the second quarter of 2019 had dropped nearly 54% following the fall of its 737max, which had been banned.

The US company has delivered only 90 aircraft to airlines in the last three months, compared with 194 aircraft in the same period last year, according to a previously released statement.

This decrease is mainly due to Boeing 's suspension of delivery of the 737Max, an aircraft model representing more than two – thirds of its orders.

At the end of June, Boeing's Boeing 737 Max deepened with a delay in its return to the skies after a new problem was discovered that would have serious financial and social consequences for the company.

Boeing's net loss in the first quarter of the year since commercial flights to the Boeing 737 Max was about $ 2.94 billion, compared with a profit of $ 2.20 billion the previous year.

Sales dropped 35 percent to $ 15.75 billion, lower than the median forecast of $ 18.55 billion, according to Rev.

The Federal Aviation Administration (FAA), the leading aviation regulator in the United States, has revealed a new flaw of the Max airplane on a microprocessor at the end of last month, which poses a "potential risk".

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