Jan 31 (Reuters) - Boeing Co on Friday disclosed it was being investigated by the Securities a
Jan 31 (Reuters) – Boeing Co on Friday disclosed it
was being investigated by the Securities and Alternate Fee
over the 737 MAX accidents.
The U.S. aircraft maker mentioned in a regulatory submitting https://bit.ly/38XcQXC
it was cooperating with the regulators and cautioned that any
adversarial outcomes may have an additional materials impression on its
monetary place.
The corporate has been grappling with repercussions from the
grounding of its best-selling 737 MAX since March.
The 737 MAX crashes in Indonesia in October 2018 and
Ethiopia in March final 12 months killed 346 folks, and stories have
urged an automatic system erroneously pointed the planes’
noses down repeatedly after take-off.
Earlier this week, Boeing reported its first annual loss
since 1997 as 737 MAX prices doubled to just about $19 billion and
warned of one other $four billion in expenses in 2020. [nL4N29Y2RU]
The corporate mentioned on Friday it has additionally entered into two-year
mortgage agreements with a syndicate of banks for commitments of
greater than $12 billion.
(Reporting by C Nivedita in Bengaluru; Modifying by Maju Samuel)
(([email protected]; throughout the U.S. +1 646 223
8780, outdoors the U.S. +91 80 6182 2626; Twitter:
@NivCholayil;))
Key phrases: BOEING 737MAX/
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