How much did Boeing lose after 737 Max?

Boeing has put the total cost of the two deadly crashes of its 737 Max airliners at nearly $19bn (£14.6bn) and slumped to its first annual loss in more than two decades. The US manufacturing giant lost $1bn in the fourth quarter as revenue plunged 37% after the worldwide grounding of the 737 Max.



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In January 2021, the US charged Boeing with fraud. But the company was able to avoid going on trial, by agreeing to pay $2.5bn, including $500m to the families of those killed, and promising to tighten up its compliance procedures.

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It agreed to pay $500 million to victims' beneficiaries as part of its broader $2.5 billion Justice Department settlement. It reached a $237.5 million settlement with shareholders over board oversight of 737 MAX issues.

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There is sufficient evidence to support a reasonable inference that these passengers experienced pre-impact fright and terror, and that experience is part of the 'process or manner of death,' U.S. District Judge Jorge Alonso in Illinois wrote in his ruling, rejecting Boeing's motion.

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Jury Finds Former Boeing Pilot Not Guilty of Fraud in 737 Max Case. The pilot, Mark Forkner, was the only person to face criminal charges for flaws that resulted in two fatal crashes of one of Boeing's most important planes.

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WASHINGTON, April 10 (Reuters) - Boeing Co (BA. N) intends to restore production of its bestselling 737 MAX jet to its 2019 rate of 52 a month by January 2025 as it seeks to fully recover from two deadly crashes and the COVID-19 pandemic that curtailed output, two people familiar with the matter said.

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The Boeing 737 MAX has had its fair share of troubles since it entered service but has been safely flying since December 2020, with hundreds of units in the sky every day.

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2022. Even though no longer grounded, the CAAC has still not given a date when Chinese operators of the 737 MAX can resume passenger service.

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The move away from the MAX name has been a subtle process and Boeing has begun to use the name 737 MAX and 737-8(7 through 10) interchangeably. This way they are transitioning away from the MAX name toward the normal naming convention of modern Boeing aircraft.

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Jury Finds Former Boeing Pilot Not Guilty of Fraud in 737 Max Case. The pilot, Mark Forkner, was the only person to face criminal charges for flaws that resulted in two fatal crashes of one of Boeing's most important planes.

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Judge: Pain and terror felt by passengers before Boeing Max crashed can be considered. Families of passengers who died in the crash of a Boeing 737 Max in Ethiopia can seek damages for the pain and terror suffered by victims in the minutes before the plane flew nose-down into the ground, a federal judge has ruled.

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This treaty stipulates that if an airline is found at fault for an accident, each affected passenger is to get a minimum value equal to 113,100 special drawing rights. This type of plane crash compensation currently equals approximately $170,000 per passenger.

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“If you could book a 737 500, and you find out it's a 737 MAX, technically they don't have to honor your request. … So you don't have a right to specify you are not going to go on a 737 MAX.”

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Pilots repeatedly voiced safety concerns about the Boeing 737 Max 8 to federal authorities, with one captain calling the flight manual inadequate and almost criminally insufficient several months before Sunday's Ethiopian Air crash that killed 157 people, an investigation by The Dallas Morning News found.

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The Boeing 737 MAX passenger airliner was grounded worldwide between March 2019 and December 2020 – longer in many jurisdictions – after 346 people died in two crashes: Lion Air Flight 610 on October 29, 2018 and Ethiopian Airlines Flight 302 on March 10, 2019.

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An FAA official said the analysis suggested that there was a 25% chance of an accident in 60 days if no changes were made to the planes.

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Because of the sheer intensity of the scrutiny the aircraft faced, the Boeing 737 MAX could be considered one of the safest in the world. In fact, among the dozens of models of commercial airliners around the world, it is likely the safest due to the amount of regulation testing that took place.

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Eight lines of software code could have prevented the twin Boeing 737 MAX disasters that killed 346 people four years ago.

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