was given his marching orders amid criticism of the firm's handling of 737 MAX development and the aftermath of the crashes.A number of carriers, including American Airlines and Turkish Airlines, have secured confidential compensation payments believed to run into hundreds of millions of dollars as airlines demand redress for grounded planes, missed deliveries and curtailed growth ambitions.
It has admitted mistakes in the development of the original system - with MCAS blamed for giving pilots contradictory information both in testing and in flight. The company said of its decision to support full simulator training on the updated software:"This recommendation takes into account our unstinting commitment to the safe return of service as well as changes to the airplane and test results.The recommendation, if agreed, may mean it takes longer for airlines to resume 737 MAX flights - costing Boeing and potentially its customers even more money.
There is market speculation Boeing could be forced to slash its research and development spending and even go cap-in-hand to investors as it seeks to plug the cash outflow. It was revealed last month that the MAX crisis had taken such a toll that fierce European rival Airbus had overtaken Boeing as the world's largest producer of commercial aircraft in 2019 for the first time in eight years.
I’ll be giving that a miss
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