Boeing takes $4.9-billion charge related to 737 Max groundings

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Boeing takes $4.9-billion charge related to 737 Max groundings GlobeBusiness

Chicago-based Boeing is set to release financial results on July 24.Boeing is facing one of the worst crises in its history as its best-selling jetliner, the 737 Max, remains grounded after crashes in Ethiopia and Indonesia that together killed 346 people in the span of five months.

Boeing also said estimated costs to produce its flagship single-aisle aircraft increased by $1.7 billion in the second quarter, driven primarily by higher costs from a longer-than-expected reduction in its aircraft production rate.

 

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