Leading Chinese Airlines Request Boeing to Compensate for Grounding 737 MAX Jets

Three of the largest airlines in China have requested Boeing to compensate losses incurred by the companies for grounding 737 MAX jets

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Amid heightening US-China trade anxieties, three of the largest airlines in China have requested Boeing to compensate losses incurred by the companies for grounding and delayed deliveries of 737 MAX aircraft.

According to reports in Chinese media, China Eastern Airlines Corp Ltd, Air China Ltd and China Southern Airlines Co Ltd have requested for compensation after their businesses suffered. China was the first country in the world to ground 737 MAX after an air crash in Ethiopia in March which resulted in the loss of 157 lives.

The US Federal Aviation Administration (FAA) is due to host global regulators on Thursday in Dallas to conduct a review of Boeing’s 737 MAX software and training proposals. Following this meeting, the FAA will take a call on whether or not to end the grounding and by when these aircraft can fly again.

Other international airlines including Flydubai, Turkish Airlines, Ryanair and United Airlines have also requested Boeing for compensation over 737 MAX grounding.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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