Boeing reports 19% drop in Q1 plane deliveries on MAX groundingNEW YORK: Boeing on Tuesday reported a 19 percent drop in first-quarter commercial airplane deliveries as the global grounding of its 737 MAX plane hits results. The aerospace giant delivered 149 commercial planes in all in the first quarter, including 89 of the 737 MAX aircraft. That is down from 184 commercial deliveries and 132 of the 737s in the same period of last year. Several analysts have trimmed their Boeing profit forecasts in light of the MAX grounding. "Politics will play a role" in determining the timing for returning the 737 MAX to service, the JPMorgan note said.

Source: Ethiopian News April 09, 2019 22:07 UTC