Why Boeing will weather the 737 MAX 8 storm:
. France, Germany and Ireland all grounded the aircraft within about an hour of each other. The European Union Aviation Safety Agency, later extended those bans to all of the EU," according to the Journal.
So threats to the 737 Max 8 are bad for Boeing investors. Jefferies expects it to generate about $32 billion for Boeing in 2019 and in the investment bank's"worst-case scenario -- a software problem causing a full grounding and halt to deliveries of the 737 Max 8 -- could cost Boeing about $5.1 billion, or 5 percent of the company’s annual revenue, within two months," according to the Post.
But as I wrote in February 2013, on January 16, 2013 they were all grounded thanks to lithium-ion batteries that burned up at a much faster rate than expected. For example, there was a fire on board a parked plane at Boston's Logan airport and an in-flight problem on another jet in Japan. Ultimately the 787 was a success becoming"a popular plane with an excellent safety record," according to Bloomberg., was Richard Aboulafia, Vice President of the Teal Group. He believes that the 787 experience will not provide much guidance to its current challenge; but Boeing should ultimately be able to solve this problem. As he said in a March 12 interview,
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