Boeing has announced that the worldwide grounding of its 737 Max aircraft will cost the company more than $ 500 . In its latest quarterly report , the aircraft manufacturer abandoned its 2019 financial outlook , having stopped its share buybacks in mid - March . Boeing announced it would issue a new update when the position of the 737 Max became clearer . A Federal Aviation Administration expert panel said a software fix for the 737 Max will not require additional flight simulator time for pilots familiar with the software ’s previous problems , which have been linked to the fatal crashes involving 737 airlines and Ethiopian Airlines .
Boeing has announced that the worldwide grounding of its 737 Max aircraft will cost the company more than $1bn. In its latest quarterly report, the aircraft manufacturer abandoned its 2019 financial outlook, having stopped its share buybacks in mid-March. Boeing said it would issue a new forecast when the position of the 737 Max became clearer. A Federal Aviation Administration expert panel said a software fix for the 737 Max will not require additional flight simulator time for pilots familiar with the software’s previous versions, which have been linked to the fatal crashes involving Lion Air and Ethiopian Airlines.