Boeing's 737 Max bill already reaches $ 10 billion

The American aircraft manufacturer published results in free fall in the third quarter, his medium-mail has been immobilized for nearly eight months. The group is paying the price for the profitability race it launched in the 2000s.

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The two 737 Max medium-haul air disasters, which caused the deaths of 346 passengers and crew members, turned into an industrial disaster.

Boeing announced, on Wednesday, October 23, financial results in free fall in the third quarter, while the 737 Max has now been immobilized for eight months. Sales of the US group fell 20.5% to 19.98 billion dollars (about 18 billion euros) after a drop of 67% of aircraft deliveries.

Indeed, it is at the time of delivery that aircraft manufacturers and engine manufacturers are paid by airline customers. As a logical consequence, Boeing's earnings plummeted, halved in the third quarter to $ 1.17 billion.

A bad pass that did not prevent the manufacturer to serve copiously its shareholders. The latter received $ 1.2 billion in dividends during this period when, at the same time, it provided $ 100 million for organizations that help the families of the victims.

Unprecedented crisis

Plunged into an unprecedented crisis, Boeing continues to show an optimism foolproof. His management wants to believe that "The recommissioning of the 737 MAX will be approved by regulators beginning in the fourth quarter of 2019". Notably because the group has developed software updates incriminated in both air disasters.

"Our first priority remains the safe return to service of the 737 MAX, and we are making steady progress in this direction."said Dennis Muilenburg, the managing director. In view of a green light from the regulatory authorities, the American plans already "A gradual increase in 737 production rates from 42 to 57 units per month by the end of 2020". A calendar hailed by the financial markets. The Boeing share ended Wednesday's session on Wall Street on a rise of 1.04%.


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