By Ankit Ajmera
By Ankit Ajmera
Jan 22 (Reuters) – Boeing Co’s BA.N invoice for the 737 MAX grounding might balloon to greater than $25 billion, analysts estimated on Wednesday, a day after the U.S. planemaker warned of additional delay in returning its as soon as best-selling jet to service.
The corporate has already booked $9 billion in prices associated to the grounding, together with $5.6 billion as compensation for airline prospects and $3.6 billion in prices to cowl extra manufacturing prices.
Jefferies analyst Sheila Kahyaoglu mentioned Boeing could now want to spice up its compensation bundle for purchasers by one other $10 billion and revise its price estimate associated to the 737 MAX’s manufacturing by an extra $5.four billion.
“Our estimates assume 737 MAX deliveries restart in Q3 2020,” Kahyaoglu mentioned, reducing the brokerage’s worth goal on the inventory to $390 from $420.
Boeing mentioned on Tuesday it didn’t anticipate to win approval for the return of the 737 MAX to service…