Boeing has set aside $4.9bn in compensation costs for customers who bought or have orders for 737 Max planes, amid the fleet's global grounding after two fatal crashes. It is set to erase profits when the firm's Q2 2019 figures are released. Boeing said the charge was based on an assumption that the process of returning 737 to the sky would begin in the autumn, and warned if that was delayed there could be "additional financial impact".
Boeing has set aside $4.9bn in compensation costs for customers who bought or have orders for 737 Max planes, amid the fleet's global grounding after two fatal crashes. It is set to erase profits when the firm's Q2 2019 figures are released. Boeing said the charge was based on an assumption that the process of returning the 737 Max to the sky would begin in the autumn, and warned if that was delayed there could be "additional financial impact".