Wednesday, April 24, 2019
Boeing abandons outlook, takes $1bn cost hit in MAX crisis | News
Boeing Co on Wednesday abandoned its 2019 financial outlook, halted share buybacks and said lowered production due to the grounding of its fastest-selling 737 MAX jet after two fatal plane crashes in five months had cost it at least $1bn so far. The world’s largest planemaker is facing one of the biggest crises in its 103-year history following the disasters on Lion Air in Indonesia on October 
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