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Boeing Reports 20% Fall In Profits After Ethiopia Crash   
 
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24-Apr-2019  
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The US planemaker Boeing has reported a 20% fall in profits for the first quarter of the year because of lower deliveries of its 737-Max.

It's also withdrawn its profits forecast for 2019, as it scrambles to get the model back in the air following two deadly accidents.

The company said it would be issuing a new forecast when it has more clarity around the issues surrounding the plane involved in crashes in Ethiopia in March and in Indonesia last October.

Some 157 people died last month when the Boeing 737-Max 8 went down six minutes after takeoff on a flight from Ethiopia's capital, Addis Ababa, to Kenya's capital, Nairobi.

The model has been grounded while Boeing tries to correct the automated flight control system blamed for the crashes.
 
 
Source: BBC
 
 

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