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April 25, 2019

Boeing's troubled jet will cost $1 billion to fix

  • New disclosures give the clearest picture yet of the financial damage that two deadly crashes are causing to the aerospace giant.
    • By DAVID KOENIG
    AP Airlines Writer

    Boeing estimates that it will spend $1 billion to fix the 737 Max and has pulled its forecast of 2019 earnings because of uncertainty surrounding the jetliner, which remains grounded after two crashes that killed 346 people.

    The estimate was disclosed Wednesday in a presentation for investors as Boeing released first-quarter financial results, which missed Wall Street expectations. A spokesman said the estimate covered higher production costs over the next several years.


     
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