8/18/2023 0 Comments Cockpit 737 max 8![]() ![]() Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account Then it was forced to find new buyers for some of those planes due to customers canceling orders during the pandemic.ĬNN’s Chris Isidore contributed to this report. Usually Boeing doesn’t hold onto inventory, as planes are delivered to customers soon after completion.īut even though the 737 Max jets couldn’t be delivered during the grounding, Boeing kept building them - partly to keep its suppliers in business. Then a year later, the pandemic brought demand for flying and new aircraft to a near halt - sparking the cancellation of hundreds of jet orders and the pileup of losses for Boeingīoeing’s problems in the fourth quarter are tied to its difficult few years since the 737 Max crisis.įor one, the company was saddled with excess inventory of hundreds of the jets. After two fatal crashes that killed 346 people, the jet was grounded for 20 months starting in March 2019. (BA) has reported only two profitable quarters in the nearly four years since the grounding of the 737 Max. (LUV) said it would work with Boeing on “any needed inspections or part replacements.” United Airlines said it doesn’t expect “any significant impact on our capacity plans for this summer or the rest of the year.” Southwest Airlines It already subjects new 737 Max aircraft to greater scrutiny than it does other newly manufactured planes prior to delivery following two fatal 737 Max crashes.īoeing declined to say how many 737 Max planes are affected, beyond calling it a “significant number.” Shares are down nearly 6% in premarket trading. The company said Max jets can continue flying while inspections are underway and the Federal Aviation Administration said it “validated” that conclusion. Boeing said it has discovered a manufacturing issue with some 737 Max aircraft, although it insisted the problem is not “an immediate safety of flight issue.”Ī supplier used a “non-standard manufacturing process” during the installation of two fittings in the rear fuselage, Boeing said in a statement to CNN. ![]()
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