Boeing confirms 737 MAX timetable as profits tumble | The Malaysian Insight

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Boeing confirms 737 MAX timetable as profits tumble

Ethiopian Airlines takes delivery of the Boeing 737 Max 8, on July 2, 2018, which is destined to come to a tragic end nine months later – EPA pic, October 23, 2019.

BOEING reported a sharp drop in third-quarter earnings due to the 737 MAX grounding but said it still expects regulatory approval this year to return the plane to service. The company booked an additional US$900 million in costs due to the MAX as it reported much lower profits than analysts expected. The top-selling MAX has been grounded since mid-March following two deadly crashes.

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