The 737 Max fleet of roughly 400 planes has been grounded across the globe since mid-March after two crashes in less than five months.
Orders for Boeing and Airbus airliners, however, are expected to be smaller this year as the industry faces headwinds like a slowing global economy.Chief Commercial Officer Christian Scherer forcefully rejected the notion that his company is benefiting from the grounding of Boeing's 737 Max fleet while speaking to CNBC during the Dubai Air Show.
"I really need to correct that cultural belief. This does not benefit anyone in this industry, the least of which would be Airbus," Scherer told CNBC's Hadley Gamble on Sunday. "It's a tragedy, it is an issue for Boeing to resolve, but it is not good for competitors to see problems on any one particular airplane type."
The 737 Max fleet of roughly 400 planes has been grounded across the globe since mid-March after two crashes in less than five months that killed 346 people combined. The grounding has forced airlines to cancel thousands of flights, driven up costs and dented airlines' profits.
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