The Boeing 737 Max has come under intense scrutiny after two deadly crashes, but it will ultimately be successful, George Hamlin said.
While it's important that Boeing and regulators understand why the crashes occurred, the incidents will not prevent the 737 Max from being successful, George Hamlin, president of Hamlin Transportation Consulting, told Business Insider.Read more:
The 737 Max will become a long-term success because the 737 aircraft line accounts for about half of Boeing's value, Hamlin said. The aircraft is too important for Boeing to let it fail.Boeing said on Tuesday that it will introducefor its 737 Max fleet in the coming weeks, but has not yet said if the aircraft will receive physical changes.
While the loss of life from the crashes involving the aircraft is significant, the crashes represent a very small percentage of the 737 Max's overall performance, Hamlin said. "From a statistician's standpoint, this is almost trivial. But since human lives are involved, of course, it's not trivial." For now, it's important that Boeing and the FAA exercise caution as they seek to understand what caused the crashes and make improvements to the 737 Max, even if there are negative financial consequences in the short-term.
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