Title: Financial impact of the Boeing 737 MAX groundings - Wikipedia
Headings: Financial impact of the Boeing 737 MAX groundings
Financial impact of the Boeing 737 MAX groundings
Contents
Effect on Boeing
Litigation
Pilots
Victims' families
Orders and deliveries
Revenue and earnings
Stock analysis
Coronavirus relief
Boeing suppliers
Airlines
Aircraft lessors
Training and simulators market
Aviation insurance
Effect on the US economy
References

Content: In July 2019, Boeing desisted from a $60 billion Pentagon procurement to replace land-based nuclear missiles. Dow Jones Newswires reported that "some analysts" said that Boeing's ability to pursue big military projects is reduced because of the financial cost of the groundings. As of November 2020, banks valued Boeing's direct costs at 20 billion, and indirect costs of over 60 billion dollars (1200 aircraft) in lost sales, which may be recovered in the future at concessionary prices. On January 7, 2021, Boeing settled to pay over $2.5 billion after being charged with fraud over the company's hiding of information from safety regulators: a criminal monetary penalty of $243.6 million, $1.77 billion of damages to airline customers, and a $500 million crash-victim beneficiaries fund. Litigation
Pilots
In June 2019, 737 MAX pilots jointly filed a class action against Boeing for lost wages due to the grounding, claiming that Boeing attempted to cover-up design flaws with the aircraft. On October 7, 2019, Southwest Airlines Pilots Association filed a suit against Boeing, arguing it misled the airline's labor union. The association said the MAX grounding cost its pilots over $100 million in lost income, which it claims Boeing should pay. Victims' families
Bereaved families of the Lion Air crash are in settlement talks with Boeing, while the Ethiopian victims' families are pursuing a jury trial. Boeing, a Chicago-based company, is the target of over 100 cases in U.S. District Court in Chicago.