In less than 5 months, from October 2018 to March 2019, the new Boeing 737 MAX crashed twice. Lion Air Flight 610 and Ethiopian Airlines Flight 302 both crashed shortly after takeoff killing 346 people. Like all aviation disasters, there is never just one cause. For the Boeing 737 MAX, it was a number of issues that contributed to these two crashes. In August 2020, the Federal Aviation Administration (FAA) published requirements for fixing each aircraft and improving pilot training. In November 2020, the FAA ended the 20-month grounding, the longest ever of a U.S. airliner. The accidents and grounding cost Boeing an estimated $20 billion in fines, compensation and legal fees, with indirect losses of more than $60 billion from 1,200 cancelled orders. The MAX resumed commercial flights in the U.S. in December 2020, and was recertified in Europe and Canada by January 2021.
Purpose: Learn about the short and long term impacts on Boeing
Facilitator: Craig Korkoian |
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