{"id":18650,"date":"2019-03-13T14:40:34","date_gmt":"2019-03-13T22:40:34","guid":{"rendered":"https:\/\/associatednews.info\/content\/for-boeing-costs-of-grounding-jets-have-only-just-begun\/"},"modified":"2019-03-13T14:40:34","modified_gmt":"2019-03-13T22:40:34","slug":"for-boeing-costs-of-grounding-jets-have-only-just-begun","status":"publish","type":"post","link":"https:\/\/associatednews.info\/content\/for-boeing-costs-of-grounding-jets-have-only-just-begun\/","title":{"rendered":"For Boeing, Costs Of Grounding Jets Have Only Just Begun"},"content":{"rendered":"

By Camila Domonoske<\/a><\/span> <\/p>\n

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\n A Norwegian Air Boeing 737 Max 8 is parked on the tarmac at Helsinki Airport on Wednesday after the airplane model was grounded in most of the world.<\/p>\n

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Lehtikuva\/Heikki Saukkomaa\/Reuters<\/p>\n

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Lehtikuva\/Heikki Saukkomaa\/Reuters<\/p>\n

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With its fastest-selling plane<\/a> grounded in the U.S. and around the world, Boeing faces potential hits to its bottom line as well as to its reputation. A lengthy delay could cut Boeing’s revenues by billions, some analysts say.<\/p>\n

On Wednesday, the United States followed Europe, China and other countries<\/a> in grounding the Boeing 737 Max<\/a> airplane after a plane crash in Ethiopia last weekend killed all 157 people on board. <\/p>\n

Investigators are still working to determine exactly what went wrong, but this was the second 737 Max 8 to crash in nearly five months \u2014 a Lion Air crash killed 189 people off the coast of Indonesia in October<\/a>. And there are similarities between the crashes which prompted the planes to be grounded.<\/p>\n

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From rebookings to refunds, from jetliner parking to pay for idled flight crews, plane groundings are pricey. <\/p>\n

About 370 of the jets<\/a> are grounded around the world. <\/p>\n

“This is costing millions of dollars per day,” says Phil Seymour, who runs an aviation consultancy called IBA. <\/p>\n

And it’s not just the airlines on the hook. Boeing may have to pay up, too. <\/p>\n

“Typically, once an airline takes the aircraft, Boeing makes some guarantees in terms of the performance of that aircraft, and one of them is that the aircraft should be airworthy,” says Chris Higgins, an analyst at Morningstar. <\/p>\n

And if it’s not, airlines will demand compensation. <\/p>\n

Norwegian Air CEO Bjorn Kjos said his company, for one, plans to do so. “We will send this bill to those who produce this aircraft,” he said<\/a>.<\/p>\n

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“I would like to apologize to those customers who have been affected by the temporary grounding of our 737 MAX aircraft. Our customers are our main priority now,” says Norwegian’s CEO Bj\u00f8rn Kjos. #flynorwegian<\/a> pic.twitter.com\/xZLmKTIa0A<\/a><\/p>\n

\u2014 Norwegian (@Fly_Norwegian) March 13, 2019<\/a><\/p><\/blockquote><\/div>\n

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And Seymour says it’s important that Boeing keep those airlines happy: They’re repeat customers, after all.<\/p>\n