China airline association estimates losses from 737 MAX grounding at US$579 million

News May 24, 2019 13023 Comments

China airline association estimates losses from 737 MAX grounding at US$579 million

BEIJING: The China Air Transport Association (CATA) on Friday said it expects losses at Chinese airlines caused by the grounding of Boeing Co’s 737 MAX aircraft to be around 4 billion yuan (US$579.32 million) by the end of June.

CATA in a statement on its website said it hopes Boeing will attach great importance to compensation requests made by Chinese airlines.

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(Reporting by Stella Qiu and Beijing Monitoring Desk; Editing by Christopher Cushing)

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