Air Canada (AC-T) Boeing (BA-NY) is considering a compensation program for airlines that own the 737 Max passenger jet, which remains grounded after two recent fatal crashes.
Dennis Muilenburg, Boeing's chief executive officer, said he is not surprised by the growing list of airlines, including AeroMexico and three big Chinese carriers, demanding to be reimbursed for money lost after the global fleet of 737 Max jets was grounded by regulators in mid-March.
"There are a number of different ways we can address these issues. In some cases it's [delivery lineup] positioning, it's services and training support," Mr. Muilenburg told an investor conference in New York on Wednesday. "And in some cases cash may be part of the solution." Two 737 Max planes have crashed since October, killing 346 passengers and crew.
Preliminary investigations indicated that automated controls, which pilots were unable to override, were putting the planes into a nosedive. Boeing says that it has fixed the automated control system and had it flight tested, and will soon submit it to regulators for approval. About 360 737 Max jets are parked at airfields around the world. |
