"Weakening of global trade is likely to continue as the US-China trade war intensifies," said IATA chief executive Alexandre de Juniac. The world's top two economies have been locked in a trade war since last year, swapping tit-for-tat duties on hundreds of billions of dollars worth of goods and sending markets into a tailspin. Both accidents involved Boeing's 737 MAX 8 jetliners, turning the world's largest aircraft maker into a liability that put the industry's "reputation in the spotlight", de Juniac said. The 737 MAX 8 was grounded by US authorities in March, following in the footsteps of several other countries. Several airlines have indicated they will seek compensation for the fact they could not use the 737 MAX 8 planes in their fleets.

Source: Bangkok Post June 02, 2019 03:56 UTC