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The Boeing 737 MAX passenger airliner was grounded worldwide between March 2019 and December 2020, and again in 2024, after 346 people died in two similar crashes in less than five months: Lion Air Flight 610 on October 29, 2018, and Ethiopian Airlines Flight 302 on March 10, 2019.
Downfall: The Case Against Boeing is a 2022 American documentary film directed by Rory Kennedy. [1] Interviewing relevant people and featuring archival footage, the documentary looks into the events throughout the history of the aircraft manufacturer company Boeing that led to the crashes of two 737 MAX planes and occurring within a short time span, as well as its subsequent investigation.
PT Garuda Indonesia, which had ordered 50 of Boeing’s 737 Max 8 jets in 2014, sent a letter to Boeing seeking to cancel the order worth $4.9 billion over safety concerns. It was the first ...
Two Boeing 737 Max jets crashed in 2018 and 2019 due to faulty software installed on the jets, killing 346 people.
Boeing 737 MAX aircraft are assembled at the Boeing Renton Factory in Renton, Washington, on June 25, 2024. (Jennifer Buchanan/Pool/AFP/Getty Images)
A Texas judge has rejected the plea deal between Boeing and the Department of Justice in which the aircraft manufacturing giant agreed to plead guilty to conspiracy to defraud the United States ...
737 MAX aircraft parked at Grant County International Airport in October 2019. Following its intention to suspend production in December 2019, Boeing estimated an additional cost of $6.3 billion to deliver the 737 MAX program [4] and a subsequent reduction in the program's anticipated profit margin. [5]
The 737-MAX scandal took a hammer to the results of Boeing (NYSE:BA), but investors basically shrugged their shoulders.The company reported a loss of $2.94 billion, $5.21 per share, on revenues of ...