The grounding of the 737 MAX is expected to result in a charge of $4.9 billion to Boeing for the second quarter. As a reminder, the 737 MAX was involved in two accidents in less than 6 months causing the deaths of 346 passengers. A $5.6 billion reduction in revenues and pre-tax income will follow this charge. 

Boeing is currently working on updating the 737 MAX and plans to return to service by the end of 2019, but remains cautious about these forecasts and points out that this date could change.

To compensate for these losses, Boeing will have to increase the production rate of the 737 from 42 per month to 57 steps per month in 2020. “This is a defining moment for Boeing. Nothing is more important to us than the safety of the crews and passengers who fly on our aircraft. The MAX grounding presents significant obstacles, and the financial impact this quarter reflects current challenges and helps to address future financial risks,” said Dennis Muilenburg, Chairman of Boeing’s Board of Directors, yesterday.

Traveling within Schengen: lost or stolen passport or identity card

For EU citizens. In principle, there are no border controls between Schengen countries (some temporary exceptions may apply). An ID is the minimum type of identification that may be required in case of control. The first advice is to make sure you keep these documents...

Canada New compensation rules

Canada: New rules for compensation. Federal government announces new rules on airline passenger protection starting as early as july 2019, while some will come in force in December.The regulation will apply to flights to, from and within Canada, including connecting...

Travel Smart

Travel Smart, Fly European. Compensation rules are more favourable in the EU. and when flying from outside of the EU, its better to fly with a European company.European airlines get higher rankings than American Airlines, they have Newer aircraft meaning fewer...


Winglets have appeared quite recently on airplanes - do you know why aircraft companies now use them so much?Winglets reduce wingtip vortices, the twin tornados formed by the difference between the pressure on the upper surface of the wing and that on the lower...

    Join our Newsletter !

    First name Last name
    Your email

    I agree to my personal data being stored and used as per Privacy Policy and to be added to news an information messages. I can unsubscribe at any time.

    CAPTCHA ImageChange Image

    Do NOT follow this link or you will be banned from the site!

    You are now leaving L8 Flight

    L8 Flight provides links to web sites of other organizations in order to provide visitors with certain information. A link does not constitute an endorsement of content, viewpoint, policies, products or services of that web site. Once you link to another web site not maintained by L8 Flight, you are subject to the terms and conditions of that web site, including but not limited to its privacy policy.

    You will be redirected to

    Click the link above to continue or CANCEL

    Share via
    Copy link
    Powered by Social Snap