Boeing 737 Max crashes: Software fix will be costly for manufacturer

The software fix for Boeing Co.’s 737 Max models may end up costing the Chicago-based aircraft manufacturer billions of dollars as it redesigns a computerized flight-control system on hundreds of jets sitting idle around the world.

The fixes alone for the revamped version of Boeing’s single-aisle workhorse 737 could cost the company around $500 million if everything is resolved in six to eight weeks, according to Canaccord Genuity analyst Ken Herbert.

Delivery delays and reimbursements to airlines for flight disruptions would add another $2 billion in lost cash flow each month the planes are kept on the ground by regulators, Read More

You may also read!

SCO Foreign Ministers meeting: Fighting terrorism and security of Afghanistan to be the focus

India will raise issues relating to terrorism, the situation in Afghanistan, rising radicalism in Central Asian countries and the


Lanka for global intelligence sharing to end terror

Sri Lankan President Maithripala Sirisena has called on countries to join hands in sharing intelligence to deal with international


Air Asia India eyes corporate clients, foreign flights

Seeking long-term travel commitment, Tata Group joint venture Air Asia India plans to tie up with about 200 companies


Leave a reply:

Your email address will not be published.

Mobile Sliding Menu