When Boeing’s Dreamliner was grounded in 2013, it took more than $20 million (€18 million) and three months to fix the problem. The crisis over its 737 Max jet could be even harder to manage, given the incalculable reputational risk after two fatal crashes. With all of the Max planes now grounded around the world, Boeing’s first priority is developing a fix. Based on those costs, he estimates that Boeing could spend nearly $1 billion to resolve issues with the 737 Max fleet. Carriers typically put down a deposit of around 20 per cent for their orders on the $120 million plane, which is paid out over time.

Source: The Irish Times March 15, 2019 15:00 UTC