NEW YORK -- Boeing announced Thursday some $6.
6 billion in additional costs because of the 737 MAX crisis, further pressuring profitability as the global grounding of the plane following two deadly crashes drags on.
The MAX has been grounded since mid-March following two crashes that killed 346 people, dual disasters that have tarnished Boeing's reputation and sparked numerous lawsuits from the families of victims."We remain focused on safely returning the 737 MAX to service," said Boeing chief executive Dennis Muilenburg. "This is a defining moment for Boeing.
The US Federal Aviation Administration late last month identified a fresh problem with the 737 MAX during simulator testing, further clouding the outlook for the plane's return to service. The company last month announced it would give $100 million to communities and families affected by the 737 MAX disasters.
Boeing has been widely criticized over its development of the 737 MAX, which included a flight handling system called the Maneuvering Characteristics Augmentation System that has been seen as a factor in both crashes.
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