737 MAX crisis hangs over Boeing's Q2 results, photo: AFP The top-selling plane has been grounded worldwide since Mar 13 following a second devastating crash. The Ethiopian Airlines catastrophe that killed 157 passengers and crew, came on the heels of a Lion Air crash last fall killing 189 people. How does the MAX crisis affect the bottom line? Boeing's second-quarter results are likely to be ugly after the aerospace giant last week announced it would set aside US$5.6 billion (US$4.9 billion after taxes) to compensate airlines for cancelled flights and the delay in plane deliveries. That move could result in a net loss of more than US$3 billion for the second quarter, judging from analyst estimates on S&P Capital IQ. Boeing's revenues are projected to be US$19.2 billion, a drop of more than 25 per cent compared with the same period of last year, hit by the halt to deliveries of the MAX. What is the total cost of MAX crisis? Costs from the MAX crisis so far amount to about US$8 … [Read more...] about 737 MAX crisis hangs over Boeing”s Q2 results
737 max vs a320neo
Boeing falls behind Airbus in deliveries as 737 MAX crisis bites
Airbus is on track to overtake Boeing in commercial plane deliveries for 2019 after outpacing its US rival at mid-year following the 737 MAX grounding, according to data released Tuesday. Boeing falls behind Airbus in deliveries as 737 MAX crisis bites, Jim WATSON / AFP Boeing, which has halted deliveries of the top-selling plane since mid-March, reported 239 commercial plane deliveries in 2019 through the year's midpoint, down 37 percent from the year-ago period. Airbus reported 389 deliveries for the same period, up 28 percent from the same period in 2018, according to data on its website. If the numbers hold throughout the year, Airbus could replace Boeing as the world's largest aircraft maker. Boeing's big decline in deliveries confirms the extent to which the 737 MAX crisis has dented its standing following two recent crashes that killed 346 people. Boeing in June again reported no new orders for the 737 MAX. Plane deliveries are tied to company revenues and closely … [Read more...] about Boeing falls behind Airbus in deliveries as 737 MAX crisis bites
Will FAA”s plan for 737 MAX fly outside US?
The global fleet of Boeing 737 MAX planes has been grounded after two deadly crashes, including this group of Southwest Airlines planes photographed in California in March AFP/Mark RALSTON The US Federal Aviation Administration convened a summit of global aviation regulators on Thursday (May 23) to walk through the steps taken to address concerns with the MAX following criticism the agency dragged its feet on the decision to ground the jets. Most agencies around the world have said little or nothing about the situation since the 737 MAX was grounded following the Mar 10 Ethiopian Airlines crash, which together with a Lion Air crash in October, claimed 346 lives. So the gathering in Fort Worth, Texas is expected to provide clues as to whether the aviation safety authorities will be willing to set aside any skepticism about the FAA, which has not yet given the green light for the 737 MAX to fly again. Regulators "are going to want a lot of explanation", said Richard Aboulafia of the … [Read more...] about Will FAA”s plan for 737 MAX fly outside US?
Boeing says optional 737 MAX alert was ‘not activated as intended’
Boeing Co said an alert for angle-of-attack (AOA) sensors on its 737 MAX jets was "not activated as intended" for some customers, responding to reports it failed to tell Southwest Airlines Co and the U.S regulator that the optional feature was deactivated before a crash in Indonesia in October. Erroneous AOA sensor readings that led to aggressive nose-down inputs by a computer have been linked to deadly 737 MAX crashes in Indonesia and Ethiopia, according to preliminary reports from investigators. Boeing offered customers two optional paid features relating to AOA. The first was an AOA DISAGREE alert when the two sensors disagreed and the second was an indicator giving pilots a gauge of the actual angle. Southwest, the largest 737 MAX customer, in November told Reuters the alert was installed and it planned to add the indicator as well following the Lion Air crash in Indonesia. The Wall Street Journal on Sunday reported that unbeknown to Southwest and the U.S. Federal Aviation … [Read more...] about Boeing says optional 737 MAX alert was ‘not activated as intended’
US invites world”s aviation regulators to meeting on Boeing”s 737 MAX
The Federal Aviation Administration (FAA) building is seen at 600 Independence Avenue in Washington, DC. (Eric BARADAT/AFP) The forum, scheduled for May 23 in Washington, aims to outline for civilian aviation regulators the US agency's process for returning the 737 MAX to service, an FAA spokesman said Thursday. The aircraft was grounded worldwide in mid-March following crashes by Ethiopian Airlines and Lion Air that together claimed 346 lives. Those invited include the heads of aviation authorities in China, Canada, Brazil, Ethiopia, Indonesia and European countries. The gathering comes as the FAA faces scrutiny of its oversight and questions about international civil aviation authorities' customary deference to manufacturers' domestic regulators - in this case the FAA. "It's unusual for the FAA, or any major agency, to need to work hard to get other international regulatory agencies to go along with their decisions," said Richard Aboulafia, a vice president at Teal Group, a … [Read more...] about US invites world”s aviation regulators to meeting on Boeing”s 737 MAX
Local airlines reconsider Boeing 737 MAX orders
January’s Ethiopian Airlines crash, which killed 157, was the second Boeing 737 MAX to crash in just a few months, Photo: Le Toan Viejet’s consideration on whether to retain the $20-billion order for Boeing 737 MAX aircraft has aggravated the crisis of the US-based aircraft maker. Last week a representative of Vietjet told VIR, “We are following the Boeing 737 MAX case and will decide whether we will put the aircraft into commercial operation after receiving the official conclusion, and guidance from the global aviation authorities as well as the Civil Aviation Authority of Vietnam.” Also discussing the issue with VIR, a representative of Bamboo Airways, which ordered 30 Boeing 787-9 aircrafts, revealed no intentions to continue with the purchase of the 737 MAX. “Currently, Boeing 737 MAX has been banned across the world. Even Boeing has also temporarily halted manufacture of this type of aircraft.” The two crashed Boeing 737 MAX airplanes as well … [Read more...] about Local airlines reconsider Boeing 737 MAX orders
Boeing 737 MAX will no longer be allowed in Vietnamese airspace: aviation authority
A Boeing 737 MAX 8. — AFP/VNA Photo Viet Nam News HÀ NỘI — The Civil Aviation Authority of Việt Nam (CAA) announced on Wednesday that from 10am on March 13, Boeing 737 MAX jetliners will not be allowed to fly in Vietnamese airspace. After an emergency meeting on Wednesday morning, the country’s aviation regulator said it decided to halt the issuance of new flight permits for 737 MAX aircraft operated by foreign airliners in Vietnamese airspace as well as suspend all granted permits until a new decision is issued. It said the decision was made to ensure air safety after “assessing the information related to the operation of the Boeing 737 MAX”. The move came after New Zealand and the European Union earlier on Wednesday joined the growing list of countries and regions to ground the model line, likely as a precautionary measure pending the results of the investigation into the deadly crash in Ethiopia on Sunday that left all 157 … [Read more...] about Boeing 737 MAX will no longer be allowed in Vietnamese airspace: aviation authority
Vietnam closes airspace to Boeing 737 MAX 8 aircraft
The ban will take effect from 10 a.m. Wednesday, the Civil Aviation Authority of Vietnam (CAAV) said in a statement, following similar actions in other countries like Germany, France, and Britain. "Airlines will be affected by this ban as they will have to use different aircraft, but this is all for safety reasons," head of the CAAV Dinh Viet Thang said. The CAAV said earlier it will not grant operational certificates to Boeing 737 MAX 8 aircraft over safety concerns. Korean airline Eastar Jet, Thailand’s Thai Lion Air and Malaysia’s Manlindo Air operate Boeing 737 MAX flights to Vietnam. But they have halted the use of the model after a Boeing 737 MAX bound for Nairobi, Kenya crashed Sunday killing all 157 passengers and crew on board the Ethiopian Airlines flight. While no Vietnamese airlines currently operates the Boeing 737 MAX 8, Vietjet has ordered 200 narrow-body models of the aircraft and is set to receive the first one in October. The budget carrier said that it is … [Read more...] about Vietnam closes airspace to Boeing 737 MAX 8 aircraft
Vietnam says no to Boeing 737 MAX 8 aircraft
Licenses won’t be given until the causes for the crash are identified and the U.S. Federal Aviation Administration (FAA) takes proper remedial measures, the Civil Aviation Authority of Vietnam (CAAV) said. It was referring to the crash of a Boeing 737 MAX 8 bound for Nairobi, Kenya on Sunday. All 157 passengers and crew members on the Ethiopian Airlines flight were killed. No Vietnamese airlines currently operate Boeing 737 MAX 8. Budget airline Vietjet, which has so far ordered 200 narrow-body 737 MAX 8 aircraft and is set to receive the first one in October, said that it is "closely monitoring information from aviation authorities." Vo Huy Cuong, deputy head of the CAAV, said that if the FAA stops using the 737 MAX 8 aircraft, the CAAV will make a similar decision and ban the aircraft model from flying to and from Vietnam. The Sunday crash is the second tragic accident involving a Boeing 737 MAX 8 aircraft. Last October, a 737 MAX 8 operated by Indonesian budget carrier Lion … [Read more...] about Vietnam says no to Boeing 737 MAX 8 aircraft
Boeing, Vietjet announce order for 100 737 MAX Airplanes
Boeing and Vietjet confirmed that the innovative and growing Vietnamese carrier has purchased 100 additional 737 MAX airplanes, taking their MAX order book to 200 jets. During a signing ceremony today in Hanoi, United States President Donald Trump and Vietnamese Communist Party General Secretary and President Nguyen Phu Trong joined leaders of both companies to unveil the $12.7 billion order, according to list prices. Signing ceremony witnessed by U.S. President Trump, General Secretary and President of Vietnam Nguyen Phu Trong The deal includes 20 MAX 8s and 80 of the new, larger MAX 10 variant, which will have the lowest seat-mile costs for a single-aisle airplane and be the most profitable jet in its market segment. The order was previously unidentified on Boeing’s Orders & Deliveries website. In ordering 80 MAX 10s, Vietjet becomes the largest Asian customer of the airplane type. The carrier plans to use the added capacity to meet growing demand across … [Read more...] about Boeing, Vietjet announce order for 100 737 MAX Airplanes