China’s top three airlines want Boeing compensation over 737 Max grounding
Beijing — China’s three biggest airlines have asked US planemaker Boeing to compensate them for losses caused by the grounding and delayed deliveries of 737 Max jets, just as regulators gather to discuss design changes for the troubled aircraft. Air China and China Southern Airlines spokespeople said on Wednesday they have added their voices to a request from China Eastern Airlines announced a day earlier. The latest requests were first reported by Chinese state TV. China was the first country to ground the 737 Max globally after a crash in Ethiopia killed 157 people in March, in the second such incident for Boeing’s newest aircraft. “China has grounded 96 aircraft, which is about 4% of its airplanes. The grounding causes huge losses for Chinese airlines,” China aviation expert Li Xiaojin said. Daily losses are likely to be at least 100,000 yuan ($14,469.90) per aircraft for each airline, Li estimated. “The potential costs are huge too. Slower growth in passenger volume across China...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.