Boeing 737 Max: Losses mount as Saudi airline cancels order and switches to Airbus

https://www.independent.co.uk/travel...-a8995566.html

After two fatal crashes involving the Boeing 737 Max, another prospective
customer has cancelled a multi-billion-dollar order for the jet.

In December 2018 the Saudi budget airline, Flyadeal, signed a deal with Boeing
worth up to $6bn for 30 of the latest version of the 737 – with an option for 20
more. But the airline has switched the order to Boeing's rival, Airbus, with a
new agreement for the the same number of A320 Neo aircraft.

“This order will result in Flyadeal operating an all-Airbus A320 fleet in the
future,” the airline said. Deliveries will begin in 2021.

The first Boeing 737 Max to crash was Lion Air JT610, shortly after take-off
from Jakarta on 29 October 2018. All 189 passengers and crew died.

But on 10 March 2019, an Ethiopian Airlines Boeing 737 Max crashed shortly after
departure from Addis Ababa, killing all 157 people onboard.

In both crashes, it is believed a faulty “angle of attack” sensor triggered the
anti-stall system, known as MCAS. The software forced the nose of the aircraft
down despite the pilots’ efforts to keep the plane flying.

All Boeing 737 Max jets were grounded worldwide shortly after the Ethiopian
Airlines crash. Boeing is currently working on safety improvements, and it is
thought unlikely that the plane will be in passenger service before the end of
the year.

Airlines including Ryanair, Norwegian and Tui Airways had intended to be flying
the planes from the UK this summer.

The planemaker is continuing to build the jets. In a statement to the Associated
Press, Boeing said: “We wish the Flyadeal team well as it builds out its
operations.

“Our team continues to focus on safely returning the 737 Max to service and
resuming deliveries of Max airplanes.”




*

Miloch wrote in
:

https://www.independent.co.uk/travel...ng-737-max-cra
sh-saudi-order-flyadeal-airbus-a8995566.html

After two fatal crashes involving the Boeing 737 Max, another
prospective customer has cancelled a multi-billion-dollar order for
the jet.

Billions in losses due to gross mismanagement
with no end in sight.

Why the stockholders haven't hanged the entire
Board from the nearest lamposts is beyond me.



In December 2018 the Saudi budget airline, Flyadeal, signed a deal
with Boeing worth up to $6bn for 30 of the latest version of the 737 –
with an option for 20 more. But the airline has switched the order to
Boeing's rival, Airbus, with a new agreement for the the same number
of A320 Neo aircraft.

“This order will result in Flyadeal operating an all-Airbus A320 fleet
in the future,” the airline said. Deliveries will begin in 2021.

The first Boeing 737 Max to crash was Lion Air JT610, shortly after
take-off from Jakarta on 29 October 2018. All 189 passengers and crew
died.

But on 10 March 2019, an Ethiopian Airlines Boeing 737 Max crashed
shortly after departure from Addis Ababa, killing all 157 people
onboard.

In both crashes, it is believed a faulty “angle of attack” sensor
triggered the anti-stall system, known as MCAS. The software forced
the nose of the aircraft down despite the pilots’ efforts to keep the
plane flying.

All Boeing 737 Max jets were grounded worldwide shortly after the
Ethiopian Airlines crash. Boeing is currently working on safety
improvements, and it is thought unlikely that the plane will be in
passenger service before the end of the year.

Airlines including Ryanair, Norwegian and Tui Airways had intended to
be flying the planes from the UK this summer.

The planemaker is continuing to build the jets. In a statement to the
Associated Press, Boeing said: “We wish the Flyadeal team well as it
builds out its operations.

“Our team continues to focus on safely returning the 737 Max to
service and resuming deliveries of Max airplanes.”


After six months of round-the-clock efforts
the "software glitch" hasn't even been found much
less corrected. Amazing.

In article , Mitchell Holman
says...

Miloch wrote in
:

https://www.independent.co.uk/travel...ng-737-max-cra
sh-saudi-order-flyadeal-airbus-a8995566.html

After two fatal crashes involving the Boeing 737 Max, another
prospective customer has cancelled a multi-billion-dollar order for
the jet.

Billions in losses due to gross mismanagement
with no end in sight.

Why the stockholders haven't hanged the entire
Board from the nearest lamposts is beyond me.


CEO is Dennis Muilenburg and how long he keeps his job remains to be seen...



*

On Tue, 09 Jul 2019 13:00:50 -0500, Mitchell Holman
wrote:

Billions in losses due to gross mismanagement
with no end in sight.

Why the stockholders haven't hanged the entire
Board from the nearest lamposts is beyond me.

Watch closely. The board is about to, if it hasn't already, give itself
across-the-board bonuses in the tens of millions.
--
Futility Man

In article , Futility Man says...

On Tue, 09 Jul 2019 13:00:50 -0500, Mitchell Holman
wrote:

Billions in losses due to gross mismanagement
with no end in sight.

Why the stockholders haven't hanged the entire
Board from the nearest lamposts is beyond me.

Watch closely. The board is about to, if it hasn't already, give itself
across-the-board bonuses in the tens of millions.

....hard to justify considering this....

Boeing set to lose title of world's biggest plane maker as deliveries fall 37
percent

https://www.nbcnews.com/business/bus...rcent-n1027896

Boeing is set to lose the title of world's biggest plane maker after reporting a
37 percent drop in deliveries for the first half of the year due to the
prolonged grounding of its Max jets.

Boeing deliveries lagged those of Airbus, which on Tuesday said it handed over
389 planes in the same period, up 28 percent from a year earlier.

The numbers indicate that Boeing's full-year deliveries are likely to fall
behind its European rival for the first time in eight years.

A new problem identified with the grounded Max jets last month has delayed the
aircraft's entry into service until at least the end of September, disrupting
schedules for airline operators and possibly adding to costs for Boeing.

To cope with the fallout after the grounding, Boeing has slowed production to 42
Max jets per month from 52 earlier, causing the planemaker to take a $1 billion
charge in the first quarter.

JPMorgan analyst Seth Seifman has speculated that the new delay could prompt
Boeing to consider another production cut and book an additional charge in the
second quarter, hurting 737 margins further.

Deliveries of the Max aircraft were stopped in March after an Ethiopian Airlines
crash killed all 157 people on board. Since then, Boeing has not reported any
new order for the Max planes.



*

On 9 Jul 2019 22:05:55 -0700, Miloch wrote:

.hard to justify considering this

We're on the same side. Hard to justify doesn't mean it won't happen. I worked
for a corporation that went bankrupt and the CEO gave himself a $12million
bonus.

--
Futility Man