Boeing's CEO said compensation to airline customers inconvenienced by the 737 MAX could come in services or cash, depending on preferenceNEW YORK - The head of Boeing acknowledged Wednesday that the company "clearly fell short" in dealing with the accident-ridden 737 MAX and said that it had not adequately communicated with regulators. Muilenburg, who has repeatedly rejected suggestions of a design flaw in the 737 MAX, acknowledged implementation shortcomings. - Lagging timeframe -The interview comes a week after the FAA led a meeting of international regulators designed to coordinate the process to approve the return of the 737 MAX into service. A note from CFRA Research characterized the timeframe for the 737 MAX resumption as "worse" than expected, but said Boeing was still well positioned once it exits the crisis. Boeing has cut it production schedule of the 737 MAX and halted new deliveries, necessitating additional storage capacity in Washington and Texas, he said.

Source: Bangkok Post May 30, 2019 02:03 UTC