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 the first quarter of 2020, Boeing is seeking financial bailout of $60-billion against further disruptions caused by the global coronavirus pandemic. A special board meeting on October 20, 2019, discussed the financial effect of the groundings, amid speculation of possible staff reductions. Staff in the US and the UK were not to receive their 2019 Christmas bonuses. New CEO Dave Calhoun will receive a multimillion-dollar bonus if he achieves a key milestone of returning the MAX to service. Development of the Boeing New Midsize Airplane has been postponed to prioritize resources on returning the MAX to service. 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.