The International Air Transport Association (IATA) expects it could take until A...
SEOUL - The International Air Transport Association expects it could take until August before the Boeing Co 737 MAX returns to service, the airline group’s head said on Wednesday, adding that the final say on the timing rested with regulators.
The 737 MAX was grounded globally in March after a crash in Ethiopia killed all 157 people on board, the model’s second deadly crash in five months. IATA plans to organize a summit with airlines, regulators and Boeing in 5 to 7 weeks to discuss what is needed for the 737 MAX to return to service, he said.
IATA’s December forecast for $35.5 billion in industry profits in 2019 is expected to be lowered in an update at its annual meeting in Seoul on June 2.
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