Boeing 737 Max groundings not expected to impact Syracuse travelers

15 March, 2019, 07:11 | Author: Billie Castillo
  • Lion Air's Boeing 737 Max 8 airplane is parked on the tarmac of Soekarno Hatta International airport near Jakarta

JP Morgan Chase & Co. analyst Seth Seifman said the situation could hurt Boeing's cash flow in three ways: compensation of airlines for grounded planes; delays of deliveries of the jet; and any modifications for the aircraft.

On Sunday, a Boeing 737 MAX 8 crashed in Ethiopia, killing 157 people, including 18 Canadians.

A Lion Air flight on a 737 Max 8 crashed in October in Indonesia, taking the lives of its 189 passengers and crew.

Technical analysis is scheduled to begin on Friday (local time) and the first conclusions could take several days, the BEA said, tweeting a photo of the partly crumpled, orange-cased box.

As analysis of the air tragedy gets underway in Paris, the French air accident investigation authority, known by its French acronym BEA, shared an image of the mangled flight data recorder. "They have to find the problem ... and they will find it", he said.

Ethiopian officials originally asked Germany to analyze the black boxes, but the Germans lack the necessary software. Those expectations were fanned by signs of pent-up demand stemming not only from a drop in China's public purchases as the two sides descended into a tariff war, but also because China placed no private orders for Boeing aircraft in 2018, according to trade and industry sources familiar with the matter.

Askhara said his airline had made a decision to reduce the order from 49 "before the crashes".

Trump called Apple CEO ‘Tim Apple’ to ‘save time’
While Trump and the White House couldn't make light out of the situation, plenty of other people did. Lemon said. "You heard the man, he said, 'Tim Apple .' It's amusing , it's ridiculous".

Boeing has since grounded its entire global fleet of 737 Max aircraft after investigators uncovered new evidence at the scene of the fatal Ethiopian Airlines crash.

In a statement on Wednesday, the Montreal-based carrier said it operated 75 737MAX flights daily out of a total schedule of approximately 1,600 daily flights system-wide, representing less than six percent of the network's total flying.

Key congressmen say they will investigate why the FAA approved the Max without requiring more training for pilots. The pilots of that flight reported that the plane's nose kept pitching down dozens of times before it crashed.

Moody's rating agency said the fallout from the crash would not immediately affect Boeing's credit rating.

The Federal Aviation Administration said a review had showed "no systemic performance issues" and that there was no basis for grounding the aircraft. "Our team will work with all customers impacted by these flight cancellations in order to rebook them to their final destination".

"Boeing is more than just a company for the USA and Ethiopia can not reasonably expect a judicious outcome from a U.S. investigation", Awo added.

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