Business

Major Chinese airline demands compensation from Boeing over 737 MAX grounding

China Eastern Airlines has requested compensation from the US aerospace giant Boeing over financial damages the carrier had to sustain over the compulsory grounding and suspended delivery of 737 MAX aircraft since March.

“The grounding of 737 MAX aircraft since March 11, 2019 has caused relatively big losses to China Eastern. With the passing of time, related losses will further expand,” the state-run People’s Daily cited the company as saying. “At the same time, delayed deliveries of planes ordered by China Eastern also caused economic losses.”

The Shanghai-based airline didn’t specify precisely how large the required compensation is. The company is reportedly closely monitoring Boeing's work to fix safety risks of its 737 MAX aircraft.

Also on rt.com Boeing withdraws 2019 financial forecast & pauses share buybacks amid mounting concerns over 737 MAX

The carrier had to stop operating its 14 MAX jets after the Civil Aviation Administration of China (CAAC) halted the commercial operations of all Boeing 737 MAX planes in the country for an indefinite period, citing safety concerns. The measure was triggered by the second fatal accident involving Boeing’s best-selling aircraft in five months.

Boeing’s flagship plane crashed on March 10 not far from the Ethiopian capital of Addis Ababa six minutes after takeoff on the way to Nairobi, Kenya, killing 157 people. It was the second deadly crash involving the same jet model in less than six months. In October, the same type of aircraft, operated by Indonesia’s Lion Air, crashed in the Java Sea shortly after takeoff, claiming the lives of 189 people.

Also on rt.com Airbus gets chance to cash in as Boeing’s second biggest client turns its back on troubled jets

Last week, media reports emerged thRead More

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