For Boeing, a very bad 2019 keeps getting worse. And potentially much more expensive.
Boeing is already on record that it is counting on getting approval for its grounded 737 Max to fly again by the end of this year. But that apparently became more difficult Friday after the FAA demanded that the aircraft maker explain why it did not disclose that some of its employees had concerns about the safety of the plane during the certification process in 2016.Boeing said it"will continue to cooperate" with investigations of the Max and its certification process.
"Further delay getting the 737 Max back into the air could also increase the cost of compensation that Boeing will have to give to its airline customers for not being able to fly the planes they already own, and for delays in delivering the planes they were promised. In July Boeing took a $5 billion hit to earnings to account for the estimated cost of that compensation.
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