The cost of the Boeing 737 Max crisis: $18.7 billion and counting

March 11, 2020
The estimates on the cost of the crisis does not include the increase interest expense that Boeing will have to pay for the years it will take to recover from the crisis, reports Chris Isidore for CNN Business.

CHICAGO - Problems with the Boeing 737 Max took the lives of 346 people. They have cost the aircraft maker at least $18.7 billion. And on Tuesday's anniversary of the jet's second fatal crash, it is becoming apparent that the price tag could go significantly higher, reports Chris Isidore for CNN BusinessContinue reading original article.

The Intelligent Aerospace take:

March 11, 2020 -We are approaching the anniversary of the Boeing Max being grounded worldwide following a pair of deadly crashes in 2018 and 2019. In January, Boeing halted production of the passenger aircraft.

"Our estimate is that it will be about $23 billion all in, excluding liability about loss of life," said Ronald Epstein, analyst with Bank of America Merrill Lynch. "And if it extends longer, that number is going to go up."

Related: After Boeing halts Max production, suppliers wait for fallout

Related: Boeing’s Max not likely to return until mid-2020 at the earliest

Related: It’s not just software: new safety risks under scrutiny on Boeing’s 737 Max

Jamie Whitney, Associate Editor
Intelligent Aerospace

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