Tag: aircraft grounding

Cost of Boeing 737 MAX Grounding: $5 Billion

Reading Time: 1 minute The Boeing Company has to accept billions in special costs in its balance sheet owing to the 737 MAX crisis. In the second quarter, an additional burden of US$4.9 billion after taxes will be incurred, the company announced on Thursday after the close of the U.S. stock market. The 737 MAX series has been grounded […]

Boeing: Global 737 MAX Fleet Temporarily Grounded

Reading Time: 2 minutes After considerable pressure put on Boeing worldwide after the crash of Ethiopian 737 MAX 8 on 10 March, the US-based aircraft manufacturer has finally arrived at the decision to “recommend to the FAA the temporary suspension of operations of the entire global fleet of 371 737 MAX aircraft”. Boeing is still confident in safety of […]

Grounding of Boeing 737 MAX: Current Situation

Reading Time: 2 minutes Global concerns are growing about the safety of Boeing 737 MAX. It seems that US planemaker is having a torrid time. Lion Air 737 MAX 8 crash that killed 189 people followed by the recent Ethiopian Airlines 737 MAX 8 fatal accident that took lives of 157 fliers have greatly reduced reliability of the Boeing […]

EASA Closes European Airspace for Boeing 737 MAX

Reading Time: 1 minute EASA has joined the list of multiple aviation regulatory authorities and suspended all the operations of Boeing 737 MAX 8 and MAX 9 aircraft in Europe. The suspension came into effect at 7 PM UTC 12 March, 2019. Also, EASA issued a Safety Directive ”suspending all commercial flights performed by third-country operators into, within or […]