This Airline Just Ordered 200 of Boeing’s Troubled 737 Max Jets — Even Though They’re Still Grounded
Boeing announced its first deal for 737 Max jets since a March grounding that followed two deadly crashes, landing a $24 billion agreement with British Airways owner IAG SA.
The airline group signed a letter of intent for 200 of the single-aisle planes, Boeing said in a statement Tuesday. IAG, led by a former 737 pilot, would take delivery of the planes between 2023 and 2027 assuming the deal is formalized.
The deal hands Boeing a much-needed lifeline as it struggles to get the Max back in the air amid a grounding that recently entered its fourth month. The crashes in October and March were caused when a software system received erroneous readings from a sensor, repeatedly forcing the nose of the planes down until pilots lost control.
“I wouldn’t ask anybody to do something I wouldn’t do myself,” IAG Chief Executive Officer Willie Walsh, who flew 737 jets for about 18 years, told reporters at the Paris Air Show. “If you ask me, I would get on board a Max tomorrow.”
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