It would most likely not be before august of this year that regular services can begin for Boeing Co’s 737 MAX which are currently grounded all across the world after two fatal crashes within a period of just five3 months involving the crafts. This was opined by the head of the International Air Transport Association (IATA) who also added that the concerned airline regulators would however have the final say on the timing.
The crash just after takeoff of an Ethiopian Airline 737 Max plane in March this year killed all 157 people on board. Airlines and regulators all across the world grounded the crafts since the Ethiopian crash was the second accident in just five months involving the 737 Max. the earlier crash happened in October of 2018 off the coast of Indonesia. Boeing later itself grounded all its 737 Max planes until a solution to a suspected problem in the crafts was fixed.
“We do not expect something before 10 to 12 weeks in re-entry into service,” IATA Director General Alexandre de Juniac told reporters in Seoul. “But it is not our hands. That is in the hands of regulators.”
He said that in order to in discuss what is necessary for the return to service of the 737 MAX crafts, the IATA would organize a summit meeting involving various airlines, regulators and Boeing within the next 5 to 7 weeks.
According to de Juniac, in addition to the global grounding of the 737 MAX planes, increase in fuel, labour and infrastructure costs and trade spats has taken a toll on the global airline industry for a period of about six months.
It is being expected that the IATA, at its annual meeting in Seoul on June 2, would lower its previous forecast of the airline industry generating profits of $35.5 billion for the entire of 2019 because of these headwinds.
The IATA chief further said that airline members demanded close cooperation from the airline industry regulators to enable the return to service of the Boeing 737 Max planes, the airlines said last week at an IATA meeting for 737 MAX operators in Montreal.
“We hope that they will align their timeframe,” de Juniac said while talking about regulators.
The focus of Boeing currently is to ensure the return of the 737 max into service in a safe manner, said the plane maker’s Chief Executive Officer Dennis Muilenburg on Wednesday. Boring still is expecting to incer4ase its long term output rate of aircrafts to 57 a after the plane maker had reduced its production rate to 24 planes a month following the grounding of the 737 Max, said Muilenburg while speaking at a Bernstein conference in New York.
“We’re making clear and steady progress, and that includes the work that we’re doing on the airplane update, the software update, working through the certification process with the FAA,” he said.
According to media reports quoting sources, it is expected that approval for the return to service of the 737 max by late June would be given by the US regulator the Federal Aviation Administration (FAA).
(Adapted from MoneyControl.com)